CAMX Power LLC Announces Transfer of GEMX(R) Cathode License from Johnson Matthey to EV Metals Group
PR96220
LEXINGTON, Mass., May 27, 2022 /PRNewswire=KYODO JBN/ --
CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM)
transferring its GEMX(R) and CAM-7(R) cathode license to EV Metals Group Plc
(EVM). JM had previously obtained the license from CAMX, practicing it in its
cathode business. JM has made the license part of the sale of its cathode
business to EVM.
Logo - https://mma.prnewswire.com/media/779998/CAMX_Power_Logo.jpg
"When JM announced its exit from this sector in November 2021, CAMX was
informed that the decision was based on JM's strategic and financial
considerations and that the markets had actually reacted positively to the
eLNO(R) cathode offer. The JM press release of today confirms this, bolstered
by JM's retention of an equity interest in EV Metals
https://www.evmetalsgroup.com, and also linking eLNO to the GEMX and CAM-7
platforms" said Dr. Kenan Sahin, Founder/President of CAMX.
Johnson Matthey announces sale of Battery Materials - matthey.com [
] which in part states:
"The sale also includes Johnson Matthey's eLNO(R) technology, underpinned by
the GEMX(R) and CAM-7(R) cathode platforms that the company licensed from CAMX.
EV Metals Group will continue to develop eLNO, building on the successful
customer testing programme that Johnson Matthey had undertaken."
He continued, "Since the cathode is nearly 50% of the Lithium-ion cell cost and
half of that is for metals and since EV Metals already has operations in and
access to the key battery metals including Lithium, it is ideally positioned to
be a competitive major supplier of the best in-class cathode material that eLNO
is to the European markets where demand is extraordinarily high with key OEMs
now having fully embraced EVs."
CAMX has extended its GEMX cathode platform, based on its globally patented
grain boundary engineering inventions, to popular high Nickel chemistries,
enhancing performance while lowering Cobalt. CAMX teams have created specific
cathode products complete with precursor formulations which have been branded
and include gNMC(TM), gNMCA(TM), gNCA(TM). With the GEMX license, EV Metals now
gains immediate access to all these product families based on GEMX platform.
"EV Metal's pCAM (precursor for Cathode Active Material) business that moves
Nickel and Lithium downstream, resolves precursor availability as a choke point
in the supply chain. As a unique metals-to-pCAM-to-CAM supplier and with its
deep financial resources, EV Metals is well poised to quickly complete and
expand the cathode plants it has acquired from JM, and become a major
cost-competitive cathode producer in short order." opined Sahin.
Samsung SDI and more recently LG Energy Solution are other licensees of the
GEMX platform, and have already incorporated GEMX derived cathodes in some of
the batteries they make. These two companies together account for 30% of global
LIB sales.
Sahin concluded, "It is anticipated that EV Metals and CAMX will collaborate
closely which CAMX aims to do with all its licensees as part of its technology
development and transfer model. Our expectation is key members of the JM
cathode business management team will also move to EV Metals, making the
transition from JM to EV Metals much easier and collaboration with CAMX more
effective. We have worked with the JM team across many years and have no doubt
that, with their addition to the EV Metals team, the EV Metals cathode business
will rapidly be a major global supplier."
CAMX maintains comparable development and scale-up facilities in Massachusetts
including a cathode pilot plant and cell making facilities to quickly evaluate
different cathode formulations in actual cells together with other components
like anodes for optimal fit. All this will complement EV Metals' activities and
facilities.
About CAMX Power
CAMX Power, a major lithium-ion battery material and design company in the
U.S., matures promising technologies in targeted domains to be de-risked,
IP-protected and scaled-up; then licenses them, with deep technology transfer,
to large manufacturing partners. Its leading offer, developed across several
decades, is the globally patented GEMX(R) cathode platform which improves all
Nickel based cathodes and lowers Cobalt thus significantly enhancing
emobility(TM) and eportability(TM) energy storage products by cell and material
makers. Samsung SDI and LG Energy Solution are among the other GEMX licensees.
For more information: www.camxpower.com
About Dr. Kenan E. Sahin
Dr. Kenan E. Sahin is Founder/President of CAMX and the Founder/Chairman of
TIAX LLC, from which he spun off CAMX in 2014. Previously he had founded Kenan
Systems, grew it to 1,000 staff in six countries with its key offer Arbor/BP as
a telecommunications billing platform. In 1999, he sold Kenan Systems to
Lucent/Bell Labs, and served as a VP of Technology at Bell Labs. Lucent renamed
Arbor/BP as Kenan/BP which it eventually sold. Kenan/BP (originally based on AI
and Big Data) now processes over one billion telecommunication subscribers
globally, by far the largest of its kind. Dr. Sahin founded and grew all three
companies with his own funds.
He is life member emeritus of the MIT Board, previous member of Argonne
National Lab Board, and serves on other non-profit Boards such as the Boston
Symphony Orchestra. He was an academic at MIT, Harvard and the University of
Massachusetts in Amherst. His inventions, patents, publications, and
contributions cover a broad range. He is the recipient of the congressionally
recognized Ellis Island Medal, the World Economic Forum Technology Pioneer
award and other awards. He has BS and PhD degrees from MIT.
https://en.wikipedia.org/wiki/Kenan_Sahin?wprov=sfti1
Media enquiries
Terry Lundstrom
Lundstrom.Terry@camxpower.com
+1 978 484 5000
SOURCE CAMX Power
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