5E Executes Research Agreement That Aims to Enhance the Performance of Permanent Magnets Through Increased Boron Usage
March 17 2022 - 8:30AM
5E Advanced Materials, Inc. (Nasdaq:FEAM) (ASX:5EA) (“5E” or the
“Company”) has entered into a research collaboration agreement with
Georgetown University (“Georgetown”) for the advancement of boron
based materials research in permanent magnets. Under the terms of
the agreement, 5E will provide funds to and collaborate with
Georgetown in exploring boron-based novel magnetic materials. This
research has the potential to create intellectual property and
commercialization pathways for 5E as it pertains to the
manufacturing of boron enhanced permanent magnets.
Permanent magnets are a critical component of
many high growth future facing and traditional applications, such
as electric vehicles, wind turbines, robots, drones, televisions,
computers, and phones. Rare earth elements are essential
ingredients in today’s Neodymium-based permanent magnets, which are
challenging and environmentally disruptive to mine. This research
effort will focus on exploring boron-based permanent magnet
materials using earth-abundant elements. This combination has the
potential to enhance the performance of such permanent magnets in
the form of higher energy density and/or improved mechanical
properties.
This research agreement aligns with 5E’s
strategy to become a global leader in boron specialty and advanced
materials by collaborating with innovative leaders such as
Georgetown University.
Commenting on the research agreement,
Georgetown University Professor and McDevitt Chair in Physics, Dr.
Kai Liu, said:
“Boron is a fascinating material. Our research may allow us to
achieve new types of strong and sustainable magnets with higher
composition of boron. Such novel boron enhanced magnets may exhibit
superior properties for practical applications across many industry
sectors.
We look forward to collaborating with 5E as they are committed
and well positioned to become a thought leader of boron specialty
and advanced materials given their expertise and U.S. based boron
resource.”
Commenting on the research agreement, 5E CCO and CTO,
Dr. Dinakar (Dino) Gnanamgari, said:
“Georgetown University is a world-renowned university and
research center located in the U.S. capital, Washington, DC.
Georgetown’s Office of Technology Commercialization is committed to
introducing innovation into the marketplace by leveraging its
state-of-the art facilities, decorated staff, and other resources
in partnership with leading institutions.
We believe Georgetown is an excellent collaborator to further
advance boron specialty and advanced materials as we pursue a
leading global position.”
About 5E Advanced Materials, Inc.
5E Advanced Materials, Inc. (Nasdaq:FEAM)
(ASX:5EA) is positioned to become a vertically integrated global
leader in BORON+ advanced materials with a focus on enabling
decarbonization. BORON+ products target critical, high value
applications within electric transportation, clean energy, food and
domestic security. 5E’s advanced materials business is underpinned
by its low cost, light environmental touch boron resource in
Southern California, which is designated Critical Infrastructure by
the U.S. government and serves as the largest known new
conventional boron deposit globally. 5E’s resource quality,
domestic supply source, and downstream processing capabilities
provide a competitive advantage given customer product
specifications, scarcity of resource, and reliance on unstable,
international supply. There is an increasing call for a new stable
source of BORON+ as U.S. and rest of world demand accelerates and
5E is strategically positioned to answer this call. We are in the
Right Place, at the Right Time, with the Right Asset.
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and projections as of the date on which the statements were made.
This forward-looking information includes, among other things,
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Authorized for release by:
Henri Tausch, Chief Executive Officer
For further information contact:
Chance PipitoneInvestor Relations –
U.S.info@5Eadvancedmaterials.com Ph: +1 (346) 433-8912 |
Elvis JurcevicInvestor Relations – Australiaej@irxadvisors.comPh: +
61 408 268 271 |
Chris SullivanMediachris@macmillancom.comPh: +1 (917) 902-0617 |
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