Collaboration will Leverage Solidion's Patent
Portfolio and Drive U.S. Manufacturing
DALLAS, Nov. 11,
2024 /CNW/ -- Solidion Technology, Inc. (NASDAQ:
STI), an advanced battery technology solutions provider, today
announced a strategic Memorandum of Understanding with Bluestar
Materials Company of Taiwan. This agreement will leverage
Solidion's patent portfolio and accelerate the commercialization of
its anode technology, including its recently disclosed technology
that allow lithium batteries to be charged in 5 minutes.
Collaboration will Leverage Solidion's
Patent Portfolio and Drive U.S. Manufacturing
The agreement will enable Solidion to explore and establish
synergies in U.S. based manufacturing, commercialization
strategies, and market opportunities related to Silicon (Si) and
Silicon Oxide (SiOx) advanced battery solutions. Silicon and
Silicon Oxide are now viewed as a more favored solution for battery
technology over solid-state technology.
"This agreement positions Solidion to capture new market
share in the U.S. while showcasing our Silicon-based solutions,
which offer improved battery efficiency and energy density compared
to conventional solid-state options on a worldwide basis," said
Jaymes Winters, CEO of Solidion
Technology.
For more information, please visit www.solidiontech.com or
contact Investor Relations.
About Solidion Technology, Inc.
Headquartered in Dallas, Texas
with pilot production facilities in Dayton, Ohio, Solidion's core business
includes manufacturing of battery materials and components, as well
as development and production of next-generation batteries for
energy storage systems and electric vehicles for ground, air, and
sea transportation.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Solidion Technology Inc., (NASDAQ: STI) (the "Company,"
"Solidion," "we," "our" or "us") desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words "forecasts"
"believe," "may," "estimate," "continue," "anticipate," "intend,"
"should," "plan," "could," "target," "potential," "is likely,"
"expect" and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We undertake no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future developments or
otherwise, except as may be required by law.
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SOURCE Solidion Technology, Inc.