Lithium Technology Corporation's Chairman of the Board Issues Letter
to Stockholders
In a letter to company stockholders issued today, Christiaan Van Den
Berg, Chairman of the Board of Lithium Technology Corporation ("LTC")
(OTC: LTHU) stated the following:

Dear Shareholders,

It is my privilege, to address you as the newly appointed Chairman of
the Board, on behalf of the Board of Directors and the management
team. This is an exciting time for the Company with recent
developments in the acceptance and commercialization of our superior
advanced lithium-ion cells and battery systems.

For those of you who followed our Company's announcements, you have
seen the terrific traction we've made in the hybrid electrical vehicle
(HEV) and electrical vehicle (EV) industry. LTC has secured contracts
with projects sponsored by the British government as well as leading
academic institutions in Europe and the United States. In conjunction
with these partners, we are proud to drive the development of advanced
automotives to make them a viable reality for consumers.

Just last month, LTC introduced the largest lithium iron phosphate
cells in the world. This technology is what the automotive industry
has been searching for, and we have delivered way ahead of competitors
who have forecasted having similar products a year out. We took our
new, innovative technology and retrofitted a Toyota Prius into a plug-
in HEV. This is a significant accomplishment for the battery industry,
and we have proven to the automotive manufacturers that the technology
is here today.

Additionally, we have made significant strides in the past year within
the military and stationary power markets. As a leader in large-format
battery industry, we offer the largest cells with the highest power in
the Western Hemisphere. Our leadership position enabled us to create
partnerships with top tier world renowned companies and organizations
including ThyssenKrupp, Lockheed Martin and NASA. Our technology has
met and exceeded the strict standards and requirements of military
applications, and we plan to continue to expand these successful
relationships as we expand our reach in the market securing new
contracts and joint ventures.

Over the next few months we plan a quantum leap in our production
capacity to satisfy the growing demand for our products. We are still
investing heavily in R& D, production machinery and in sales and
marketing efforts. We believe that we should steer the company in a
way that will build long-run sustainable value, especially in our core
areas of competitive advantage where the future value of our company
will come from.

Recently, we closed on approximately $25 million in equity financing,
which will be used to purchase manufacturing equipment in order to
increase production capacity and repay some of our outstanding debt.
Our recent equity financing was done with a Luxemburg asset management
firm, Fidessa Asset Management S.A and its affiliate. We believe that
this group has and will provide us with a strong financial backing. On
May 30th we repaid 90 percent of the outstanding convertible debenture
owed to Cornell Capital Partners and the balance was converted by
Cornell into Company's restricted common stock.

The Board of Directors and LTC management are taking every possible
step to expedite the completion of the pending financial audit and
bring our SEC filings up to current status. In February of this year,
the Company appointed Amper, Politziner & Mattia P.C. as the Company's
new accounting team.

I would personally like to thank every client, employee, and
shareholder for continued support and growth in our successes. We
continue to focus on building our business and creating long-term
shareholder value. We have tremendous opportunity with our human
capital and technology to create a larger, profitable company and we
are doing everything in our power to make that happen. We at LTC look
forward to continuation of these efforts to increase shareholder value
for you.

Truly yours,

Christiaan Van Den Berg

Chairman of the Board

Lithium Technology Corporation

About the Chairman:

Mr. Chris Van Den Berg has been serving as co-Chief Executive Officer
of Arch Hill Capital since 2003. He was appointed as the Chairman of
Lithium Technology Corporation effective May 18th, 2007, and currently
serves as Chief Executive Officer of GAIA Holding. Mr. Van Den Berg
has 30 years of experience in banking, venture capital, industrial
ventures, real estate property development and retail business. He
served as Executive Board member of the Fortis Group, CEO of Fortis
Bank Netherlands and CEO of BMW Netherlands. Mr. Van Den Berg holds
directorships positions in a number of Dutch and French private
companies. He holds a Business Administration degree from the
University of Amsterdam ('73).

About Lithium Technology Corporation:

Lithium Technology Corporation (LTC) is a global provider of large
format rechargeable power solutions for diverse applications, and
offers the largest lithium-ion cells with the highest power of any
standard commercial lithium ion cell produced in the western
hemisphere. With more than 30 years of experience, LTC leverages its
extensive expertise in high power and large battery assemblies to
commercialize advanced lithium batteries as a new power source in the
military and national security systems, transportation and stationary
power markets.

LTC manufactures the GAIA® product line of large, high power
hermetically sealed rechargeable lithium-ion cells and batteries. The
Company's product portfolio includes large cells and batteries from 10
times the capacity of a standard laptop computer battery to 100,000
times greater. LTC manufactures a variety of standard cells that are
assembled into custom large batteries complete with electronics
(battery management systems) and electronics to communicate with other
components of the system for performance monitoring.

LTC headquarters are located in Plymouth Meeting, PA and R&D in
Nordhausen, Germany. LTC sales for the U.S. and European markets are
managed out of each of the offices. For more information about LTC,
its technology and products, please visit http://www.lithiumtech.com
.

Safe Harbor for Forward-looking Statements:

The foregoing information contains forward-looking statements, which
involve risks and uncertainties relating to such matters as financial
performance, technology development, capital raising, business
prospects, strategic partnering and similar matters. A variety of
factors could cause LTC's actual results and experience to differ
materially from anticipated results or other expectations expressed in
these forward-looking statements. This notice does not constitute an
offer of any securities for sale.

The Red Consultancy
Allyson Curtis, 212-529-8474
allyson.cur...@redconsultancy.com

Source: Business Wire (June 14, 2007 - 8:05 AM EDT)

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