Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first
all-electric vertical take-off and landing (“eVTOL”) jet, and
Livent Corporation (NYSE: LTHM) (“Livent”), one of the world’s
leading producers of lithium products for the battery cell
industry, announced today a research and development collaboration
agreement.
Lilium and Livent have agreed to collaborate on the advancement
of lithium metal technology for use in high-performance battery
cells. Collaborating with Livent, a pioneer in lithium technology
innovation and a global leader in lithium production for nearly
eighty years, is an important step towards securing Lilium’s future
access to the high-performance battery cell technology that will
power Lilium’s jets.
Livent supplies lithium to many of the world’s premier electric
vehicle brands and battery makers. As a fully integrated lithium
producer, Livent uses its differentiated technology processes to
both source raw lithium and manufacture a range of specialty
lithium products in an environmentally responsible, safe and
sustainable manner.
Yves Yemsi, Chief Operating Officer at Lilium said, “This
collaboration is a milestone in Lilium’s commitment to
revolutionize regional air travel. Innovation is at the heart of
our mission, and to keep innovating we need to collaborate with the
best in the industry. Livent’s unique expertise in lithium
production, as well as their commitment to sustainably responsible
practices, makes them an ideal partner.”
Marina Yakovleva, Director of Research & Development and New
Business Development for Livent said: “The Livent R&D team is
excited about the opportunity to work closely with the leading
scientists and engineers at Lilium to advance the state of the art
in e-mobility and battery technology. Innovation is in the DNA of
both companies, as is a shared commitment to advancing electric
transportation and sustainability solutions. Together, we hope to
drive meaningful progress in realizing the potential of next
generation battery technologies and decarbonizing air travel.”
About Livent For nearly eight decades, Livent
has partnered with its customers to safely and sustainably use
lithium to power the world. Livent is one of only a small number of
companies with the capability, reputation, and know-how to produce
high-quality finished lithium compounds that are helping meet the
growing demand for lithium. The Company has one of the broadest
product portfolios in the industry, powering demand for green
energy, modern mobility, the mobile economy, and specialized
innovations, including light alloys and lubricants. Livent has a
combined workforce of approximately 1,100 full-time, part-time,
temporary, and contract employees and operates manufacturing sites
in the United States, England, India, China and Argentina. For more
information, visit Livent.com.
Livent Forward-Looking Statements
Statement under the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995: This release contains
forward-looking statements, which are based on management's current
views and assumptions regarding future events, future business
conditions and the outlook for the company based on currently
available information. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results to be materially different from any results, levels of
activity, performance or achievements expressed or implied by any
forward-looking statement. These factors include, among other
things, the risk factors and other cautionary statements included
within Livent's 2021 Form 10-K filed with the SEC as well as other
SEC filings and public communications. Livent cautions readers not
to place undue reliance on any such forward-looking statements,
which speak only as of the date made. Forward-looking statements
are qualified in their entirety by the above cautionary statement.
Livent undertakes no obligation, and specifically disclaims any
duty, to update or revise any forward-looking statements to reflect
events or circumstances arising after the date on which they were
made, except as otherwise required by law.
The Company's investor relations website, located at
https://ir.livent.com , should be considered as a recognized
channel of distribution, and the Company may periodically post
important information to the website for investors, including
information that the Company may wish to disclose publicly for
purposes of complying with federal securities laws.
Media contact: Juan Carlos Cruz
+1.215.299.6170juan.carlos.cruz@livent.com
Investor Contact: Daniel Rosen
+1.215.299.6208Daniel.Rosen@livent.com
About Lilium Lilium (NASDAQ: LILM)
is creating a sustainable and accessible mode of high-speed,
regional transportation for people and goods. Using the Lilium Jet,
an all-electric vertical take-off and landing jet, offering leading
capacity, low noise and high performance with zero operating
emissions, Lilium is accelerating the decarbonization of air
travel. Working with aerospace, technology and infrastructure
leaders, and with planned launch networks announced in Germany, the
United States and Brazil, Lilium’s 750+ strong team includes
approximately 450 aerospace engineers and a leadership team
responsible for delivering some of the most successful aircraft in
aviation history. Founded in 2015, Lilium’s headquarters and
manufacturing facilities are in Munich, Germany, with teams based
across Europe and the U.S. To learn more, visit
www.lilium.com.
Lilium Forward-Looking
Statements This communication contains certain
forward-looking statements within the meaning of the federal
securities laws, including, but not limited to, statements
regarding Lilium N.V.’s proposed business and business model, the
markets and industry in which Lilium N.V. and its subsidiaries
(collectively, the “Lilium Group”) operate or intend to operate,
Lilium’s ability to develop and source the lithium needed for high
performance batteries for use in its jets, the anticipated timing
of the commercialization and launch of the Lilium Group’s business
in phases and the expected results of the Lilium Group’s business
and business model, including when launched in phases. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on management’s current expectations with respect to
future events and are based on assumptions and subject to risk and
uncertainties and subject to change at any time. Actual events or
results may differ materially from those contained in the
projections or forward-looking statements. Factors that could
cause actual future events to differ materially from the
forward-looking statements in this communication include those
discussed in Lilium’s filings with the U.S. Securities and Exchange
Commission (“SEC”), including its Annual Report on Form 20-F, all
of which are available at www.sec.gov. For more information, see
the section entitled “Cautionary Note Regarding Forward-Looking
Statements” in Lilium’s Annual Report on Form 20-F and in other
filings. Forward-looking statements speak only as of the date they
are made. You are cautioned not to put undue reliance on
forward-looking statements, and the Lilium Group assumes no
obligation to, and does not intend to, update or revise these
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact information for media:
Meredith Bell, Lilium Meredith.bell@lilium.com
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