Romeo Power and Dynexus Technology Collaborate to Introduce Advanced Battery Detection and Diagnostics for Battery Electric Utility Vehicles

LOS ANGELES & LOVELAND, Colorado – (COMMERCIAL THREAD) – Romeo Power, Inc. (“Romeo Power”) (NYSE: RMO), a leader in energy technologies providing advanced electrification solutions for complex commercial vehicle applications, and Dynexus Technology, a leader in sensing solutions battery and data-driven battery intelligence, today announced a collaboration to integrate Dynexus Technology’s battery performance and actionable health sensors into Romeo Power’s battery ecosystem.

The technology developed by Dynexus will initially be used for incoming cell quality control and end-of-line verification, as well as module and pack diagnostics and prognosis, providing multiple opportunities to reduce the total cost of ownership for customers. by Romeo Power.

“As part of our holistic approach, we are committed to being the first to advance battery technology and safety and performance features, ”said AK Srouji, CTO of Romeo Power. “Dynexus generates critical data that can speed up the process of cell and battery qualification, including cell screening and pairing, further improving the quality control, safety and reliability of our battery systems. We look forward to working with Dynexus to advance the electrification of commercial vehicles. ”

Dynexus’ award-winning and patented Inline Fast Impedance Spectroscopy (iRIS®) sensors generate rich, near real-time, frequency-based battery data that provides insight into the state of the physical chemistry of battery. Traditional measurement methods treat the battery like a black box. The Dynexus sensor “looks” inside the battery and generates a “fingerprint” or signature that uniquely describes the health, degradation and therefore safety of a battery.

Romeo Power will integrate iRIS into its proven battery systems, providing a new class of battery data which, until now, was only available for research purposes and was not practical as a sensor or commercial tool. . This advanced technology helps reduce measurements that typically take 30 minutes to 10 seconds or less. As a result, this revolutionary technology offers significant opportunities for commercial applications for Romeo Power’s advanced electrification solutions.

Dynexus Technology’s iRIS system has been validated in Romeo Power’s in-house test lab and demonstrates superior accuracy and repeatability. The iRIS system also has high voltage capability and allows measurements under dynamic battery conditions. In addition to screening and quality control applications, Romeo Power intends to implement iRIS in its next generation battery systems and is expected to begin road testing in 2022. This integration also adds to sustainability efforts. of Romeo Power because it can improve the reuse and the second battery. life assessment.

“We are excited to be working with an energy technology leader like Romeo Power as we enable advanced diagnostics and prognosis for lithium-ion batteries, ”said David Sorum, CEO of Dynexus Technology. “Integrating our online and on-board battery detection solutions will not only reduce diagnostic times, but also maximize performance, safety and overall lifespan for end users.

About Romeo Power

Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader providing advanced electrification solutions for complex commercial vehicle applications. The company’s industry-leading hardware suite, combined with its innovative battery management system, provides the security, performance, reliability and configurability its customers need to be successful. Romeo Power’s 113,000 square foot manufacturing facility brings its flexible design and development process in-house to package the most energy-dense modules on the market. To follow all of Romeo Power, please follow the company on social media @romeopowerinc or visit romeopower.com.

About Dynexus Technology

Founded in 2015 and headquartered in Loveland, Colorado, Dynexus Technology is a leader in data-driven intelligent battery sensors. With the goal of creating a safer and smarter electrified world, Dynexus Technology’s mission is to provide efficient and accurate online battery data for advanced diagnostic and prognostic solutions. Our vision is to maximize the value of electrified platforms and ensure they operate in a safe and predictable manner throughout their lifecycle. For more information, please visit www.dynexustech.com.

Notice Regarding Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of performance or of conditions. or future results. , and involve a number of known and unknown risks, uncertainties, assumptions and other material factors that could cause actual results to differ materially from those discussed in forward-looking statements. For a discussion of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as the risks associated with Romeo Power’s business in general, see the risk information in the report. Romeo Power’s Annual Report on Form 10 -K for the fiscal year ended December 31, 2020 and in other documents filed with the SEC by Romeo Power. Forward-looking statements speak only as of the date on which they are made and Romeo Power assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

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