Artheon enters JV with Northstar to manufacture and market storage batteries

Mumbai, 21 January, 2010 - Artheon Group (“Artheon”) India, NorthStar Battery Company (“NorthStar”) of Sweden and the MTS Group USA are pleased to announce they have entered into a joint-venture, Artheon Battery Company Pvt. Ltd, to manufacture and market storage batteries.

Artheon Battery Company Pvt. Ltd, located in Nashik (130Kms from Mumbai), will manufacture a complete line of lead-acid batteries serving both the domestic battery markets in India and the export markets around the world.

Officials at the companies say the new venture will combine the industry-leading manufacturing and technology capabilities of NorthStar, and the distribution and service capabilities of Artheon across India. Together, the companies will create a leading-edge new player in the Indian battery markets.

The Artheon Group promoted by Mr. Sushil Jiwarajka invests in and operates companies in Telecommunications, IT, Renewable and Clean technologies.

NorthStar Battery Company is a member of the NorthStar Group, based in Stockholm, Sweden, serving the world’s leading equipment manufacturers in the telecommunications and data storage backup power markets. The company has major operating units in Stockholm (Sweden), Springfield, Missouri (USA) and Shanghai (China).

The MTS Group, founded in 1977, is based in Boca Raton, Florida USA. MTS invest and operates in renewable energy, clean technologies, telecommunications, security, defense and computer related products globally.