LITHIUM EXPLORATION GROUP TAKES OPTION ON KEY LITHIUM PATENT PORTFOLIO
November 06 2017 - 9:43AM
InvestorsHub NewsWire
Lithium Exploration Group Takes Option on Key
Lithium Patent Portfolio
In a major expansion into
rechargeable, replacement lithium batteries for consumer
electronics, Lithium Exploration Group, Inc. has secured an option
to purchase a critical lithium patent portfolio.
Suffern, NY -- November 6, 2017 -- InvestorsHub NewsWire -- Lithium
Exploration Group, Inc. (OTCMRKTS: LEXG), a developer of
assets and technologies in oil, gas and waste treatment, has begun
a major diversification into rechargeable Lithium batteries for
cameras and consumer electronics by purchasing an option to acquire
an international patent portfolio held by Enbloc LLC of South
Korea. This option gives Lithium Exploration Group the exclusive
right to acquire the patent portfolio within the next 90 days,
along with a complete set of drawings and prototypes.
The key patent in this international portfolio is U.S. Patent
No. 9,444,087 for an “Enbloc-Clip-Type Lithium Secondary Battery
Pack Capable of Fitting into Two-Cell or Four-Cell Battery
Compartment of Electronic Device.” The portfolio also includes
Chinese, European, German, Indian, Japanese, Korean and Swiss
patents, as well as a PCT Patent Application. With the PCT
Application, the assignee can apply for additional patents in any
of the 150 nations that are parties to the PCT (Patent Cooperation
Treaty). In addition to purchasing an option on this portfolio,
Lithium Exploration Group has an option with the inventor, Jeongbae
Jeong, to have him join Lithium Exploration Group to assist in the
commercialization of the portfolio into a product line.
According to Alex Walsh, CEO of Lithium Exploration Group, Inc.,
“It is the company’s long-term goal to commercialize lithium and
lithium-based products at various stages in the continuum from its
mining from lithium brine to its delivery to consumers in
lithium-based products. The acquisition and commercialization of
the Enbloc portfolio is a key step in that endeavor.”
Alec Schibanoff, Vice President of IPOfferings LLC, the patent
broker that represents this property, observes that “This patent
portfolio creates a whole new product category in the consumer
electronics battery segment – batteries that both have a longer
life and are re-chargeable. The technology has applications in
cameras, smart phones, tablets and the entire range of consumer
electronics products.”
Inquiries about this transaction should be directed to Alec
Schibanoff at IPOfferings at alec(at)IPOfferings(dot)com.