Johnson Matthey and CAMX Power LLC (CAMX) announce that Johnson Matthey has been granted a licence under the intellectual property of CAMX relating to the CAM-7 platform of nickel based cathode materials for use in lithium-ion batteries.
A powerful platform for demanding applications
The CAM-7 platform covers a range of patented, nickel rich cathode materials which offer excellent performance across a range of features including energy density, cycle life, gassing and power handling. This makes products based on this technology particularly suited to demanding applications, such as battery electric vehicles and plug-in hybrid electric vehicles, delivering high energy density with high power capability. With its experience in the scale-up and manufacture of battery materials, in-depth knowledge of nickel chemistry allied to its customer focused technical organisation, Johnson Matthey is well placed to bring CAMX Power's innovative technology to market to meet the rising demand for high energy cathode materials.
Building a portfolio of battery materials
'This licence is another important step in our Battery Technologies strategy where we are building a broad portfolio of battery materials aimed at satisfying the most demanding performance requirements,' said Martin Green, Director of Johnson Matthey's Battery Technologies business. 'With CAM-7, CAMX Power has built a strong global IP position. Access to this will enable Johnson Matthey to accelerate its entry into the nickel rich cathode material sector of the automotive market. The CAM-7 platform is highly complementary to our existing R&D programmes and we are excited by the prospects that it offers.'
'This licence is another important step in our Battery Technologies strategy' - Martin Green, Director, Johnson Matthey Battery Technologies
Well positioned to meet demand
'We are pleased to announce this agreement with Johnson Matthey, a company with both strong expertise in scaling-up the manufacture of advanced materials and specialised understanding of the automotive industry and its quality systems. With the addition of our CAM-7 platform to its portfolio Johnson Matthey is well positioned to meet the increasing demand for nickel rich cathode materials,' said Dr. Kenan Sahin, founder and CEO of CAMX. 'And the contemplated collaboration under the licence agreement, between CAMX's technical staff and Johnson Matthey's experienced teams, to advance the CAM-7 platform will ensure the sustained excellence of the product' added Sahin.
'With the addition of our CAM-7 platform to its portfolio Johnson Matthey is well positioned to meet the increasing demand for nickel rich cathode materials' - Dr. Kenan Sahin, CEO, CAMX
About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of our products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. Johnson Matthey is building its position as a supplier of functional materials to the lithium-ion battery industry with a focus on automotive applications. We are a leading supplier of lithium iron phosphate for range of light and heavy duty powertrain applications which is complemented with capability in the design and supply of high performance, fully integrated battery systems. In addition, we have a strong position in specialist nickel catalysts for chemical industry customers. This enables us to leverage our technical and manufacturing know-how in nickel based products for the benefit of our battery materials' customers.
Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.
About CAMX
CAMX Power LLC, in Lexington, Massachusetts, USA, develops, licenses and sells lithium-ion battery related technologies. It has lithium-ion battery material synthesis facilities, a development-purposed production/pilot plant for its flagship cathode material CAM-7™ as well as design-purposed advanced cell making facilities. Its portfolio, in addition to CAM-7, includes advanced cell designs and battery safety technologies/products. Alongside its Development Group, it has a Services Group to be able to tightly collaborate with its customers and the industry in general.
CAMX Power is the former Advanced Battery Materials and Design Division of TIAX LLC, which was founded by Dr. Kenan Sahin in 2002, as a Technology Processing™ company to advance early stage innovations to be scaled-up or scale-up ready, de-risked and IP protected products for established companies to then make and sell as part of their portfolio with TIAX continuing on as a technology partner. CAM-7 and CAMX Power are the results and the embodiments of the TIAX model. Further information at www.camxpower.com.
Enquiries
Sally Jones, Director, Investor Relations and Corporate Communications
+44 20 7269 840
David Allchurch, Tulchan Communications
+44 20 7353 4200
Terry Lundstrom, CAMX Power
+1 978 484 5000