Lithium Technology Corp. (OTCPK:LTHU) is seeking acquisitions. Lithium Technology said that it has raised $50 million in pre-initial public offering mezzanine financing to further advance its technology platform, expand its global footprint and execute strategic acquisitions to accelerate growth.

Rob Tarkoff, Chief Executive Officer of Lithium Technology said, "We have an enormous market opportunity, amazing customers, and stronger leadership and financial resources to build Lithium into a long-term, global company. We can grow aggressively without distraction while we consider the right timing for a public market offering."