LEXINGTON, Mass., April 30, 2024 /PRNewswire/ -- ECOPRO
BM of Korea and CAMX Power LLC (CAMX) of Massachusetts announce that ECOPRO BM has
obtained a non-exclusive intellectual property license under CAMX's
GEMX® platform of nickel-based high-energy, high-power,
low-cobalt cathode active materials for use in lithium-ion
batteries, especially for electric vehicles (EVs).
The GEMX® platform is based on fundamental inventions
of CAMX for which more than 30 patents have been granted globally,
including the US, EU, Korea, Japan
and China. The GEMX inventions,
through molecular engineering, place cobalt, aluminum, etc. at the
critical places of the cathode particles resulting in the use of
less cobalt, yet with greater stability, higher performance and
lower cost for all classes of nickel-based cathode materials
including high-manganese. Its derivative products have been
branded as gNMC®, gNMCA®, gNCA®,
and gLNO®.
"Cathode materials are the key enablers of lithium-ion batteries
and their costliest component. Only a handful of companies across
the globe can and do supply this critical material, with ECOPRO BM
being a major one. CAMX is privileged that ECOPRO BM has added
the GEMX platform to its portfolio of battery technology choices,"
said Dr. Kenan Sahin, Founder and
President of CAMX.
"With ECOPRO BM joining Umicore, L&F, LGES, EV Metals, and
Samsung SDI as licensees of GEMX, this multi-product cathode
platform becomes more central to cathodes. Instead of attempting
production ourselves, CAMX, through license agreements like these
can have its inventions rapidly and more broadly come to market for
the benefit of society," continued Sahin.
About ECOPRO BM
ECOPRO BM Co., LTD (KRX : 247540) is a world-class company which
leads the high-capacity cathode active material (CAM) market at
home and abroad based on its success in developing and
mass-producing high-nickel CAM for the first time in Korea.
Its main products are high-nickel NCA and NCM with a nickel content
of more than 80%, and it is the only company in Korea that produces
the above two kinds of CAM simultaneously.
In recent years, ECOPRO BM has expanded its product portfolio to
include mid- to low-priced CAM such as high-voltage mid-nickel,
Co-free NM, OLO, LFP and SIB to meet the diverse needs of the
market. Also, it has been taking proactive management
activities to preempt the market by expanding domestic and overseas
production capacity and reducing investment costs per unit.
In addition to CAM, ECOPRO BM has been actively developing
silicon-based anode active materials and solid electrolytes, as
other major components of batteries, with the aim of
mass-production.
As such, ECOPRO BM strives to provide the highest quality
battery materials to our customers through continuous technological
innovation and expansion of production capacity to keep pace with
the changing market environment.
For more information, please visit www.ecoprobm.com
About CAMX Power
CAMX Power LLC, headquartered near Boston, Massachusetts, is one of the largest
independent lithium-ion battery material and design entities in the
U.S.
CAMX operates a development-purposed lithium-ion battery
material synthesis facility coupled with a cathode production pilot
plant for scalability demonstration, and design-purposed advanced
cell making facilities.
We mature early-stage technologies to be de-risked, IP-protected
and scaled-up or scale up ready; then license them, with deep
technology transfer, to large manufacturing partners for them to
extend, make and sell these technologies, achieving greater,
quicker impact for the betterment of society and the
environment.
Its flagship offer is GEMX Cathode Platform (GEMX-CP) which
improves all nickel based cathodes thus significantly
enhancing emobility™ and eportability™ energy storage offers
by the major cell and material makers. In 2020, GEMX was licensed
by Samsung SDI now practicing it widely. In 2022, LG Energy
Solution (LGES), commanding nearly a fourth of the global cell
market, licensed GEMX. In 2023, L&F of Korea, a major
international producer and key supplier to LGES, Tesla and others,
and Umicore, the market leader and the JV partner to VW's PowerCo
took licenses for the updated GEMX patent portfolio. For more
information, please visit: www.camxpower.com
Media enquiries
ECOPRO BM Co.,
Ltd.
sjkim0204@ecopro.co.kr
+82
43 240 7700
CAMX Power
Terry
Lundstrom
Terry@camxpower.com
+1
978 484 5000
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