Aerojet Rocketdyne and ZAF Energy Team Up

CANOGA PARK, Calif. & JOPLIN, Mo.–(BUSINESS WIRE)–Aerojet Rocketdyne and ZAF
Energy Systems have established a new teaming agreement working
together on an energy storage system utilizing ZAF’s nickel-zinc
batteries and Aerojet Rocketdyne’s battery management system (BMS).

“Our battery management systems provide unprecedented control and health
monitoring capabilities for a variety of energy storage solutions,” said
Aerojet Rocketdyne CEO and President Eileen Drake. “With this new ZAF
agreement, we’re expanding our power systems portfolio.”

“Nickel-zinc batteries are ideally suited to replace lead-acid batteries
where performance, weight, and life-cycle requirements need to be
improved,” said Randy
Moore, president and CEO of ZAF Energy Systems. “We are excited to
work with Aerojet Rocketdyne. Together we will make our nickel-zinc
battery systems smarter and expand our reach for mission-critical
applications.”

While nickel-zinc batteries do not require a BMS for cell balancing and
safety while charging, the BMS can enhance reliability and greatly
extend battery life cycle for aerospace and defense applications. The
new energy storage system being produced by ZAF and Aerojet Rocketdyne
is a safe, technically advanced and cost-effective alternative to
traditional batteries for both space
and military
applications.

About Aerojet Rocketdyne

Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, Inc.
(NYSE:AJRD), is a world-recognized aerospace and defense leader that
provides propulsion systems and energetics to the space, missile defense
and strategic systems, and tactical systems areas, in support of
domestic and international customers. For more information, visit www.Rocket.com
and www.AerojetRocketdyne.com.
Follow Aerojet Rocketdyne and CEO Eileen Drake on Twitter at @AerojetRdyne
and @DrakeEileen.

About ZAF Energy Systems, Inc.

Incorporated in 2011 and with locations in Montana and Missouri, ZAF
Energy Systems develops and commercializes next-generation battery
technologies that use sustainable, nontoxic materials and can be safely
and easily recycled. Its breakthrough battery technologies include a
nickel-zinc (NiZn) chemistry and a zinc air chemistry, both of which
deliver the highest power and energy density of any battery system in
their class. ZAF’s rechargeable batteries provide long-life and
economical solutions in a safe package for a variety of applications,
including: electric vehicles, commercial trucking, renewables
integration, back-up power, consumer electronics, mobility, recreation
vehicles, and in aerospace and defense. For more information, visit: www.zafsys.com