LEXINGTON, Massachusetts., 21 August 2024 /PRNewswire/ — CAMX Power LLC (CAMX) and Panasonic Energy Co., Ltd. (Panasonic Energy), a Panasonic Group company, announce that Panasonic Energy has obtained a license from CAMX for the latest GEMX® Platform for cathode active material for lithium-ion batteries.
The GEMX® platform is based on CAMX’s fundamental inventions, for which more than 30 patents have been granted worldwide, including in the US, EU, Korea, Japan And China. GEMX’s inventions use molecular engineering to place cobalt, aluminum, etc. at critical locations on the cathode particles, allowing less cobalt to be used, but still achieving greater stability, higher performance, and lower cost for all classes of nickel-based cathode materials, including high manganese. The derived products are referred to as gNMC.®gNMCA®gNCA®and gLNO®.
“Instead of going into production itself, licensing agreements like this one allow CAMX to bring its inventions to market faster and on a larger scale, thus benefiting society,” Sahin continued.
“With a 100-year history of battery innovation spanning battery cell technology and business operations, Panasonic Energy is the powerhouse behind EV and the key enabler of the EV revolution now rapidly spreading across the globe. The addition of the Kansas Plant for Sparks, NV “The Gigafactory will keep Panasonic Energy as the leading cell manufacturer,” said Sahin, president and founder of CAMX. “Cell costs account for one-third of the cost of an electric vehicle and about half of the cell cost is the cathode. Having Panasonic Energy add GEMX to its cathode offering is a great privilege for CAMX,” Sahin continued.
About Panasonic Energy
Panasonic Energy Co., Ltd., founded in April 2022 offers innovative battery technology-based products and solutions worldwide as part of the Panasonic Group’s transition to an operating system. With its lithium-ion automotive batteries, storage systems and dry batteries, the company provides safe, reliable and convenient energy to a wide range of business sectors, from mobility and social infrastructure to medical and consumer products. Panasonic Energy is committed to contributing to a society that realizes happiness and environmental sustainability, and through its business activities, the company aims to address societal issues while leading environmental initiatives. For more information, visit https://www.panasonic.com/global/energy/
About CAMX Power
Headquarters nearby Boston, MassachusettsCAMX Power LLC www.camxpower.com develops materials for lithium-ion batteries. Its flagship, globally patented GEMX cathode platform reduces cobalt content to less than 5%, improves performance and significantly enhances the emobility™ and eportability™ energy storage offerings of major cell and material manufacturers. With the addition of GEMX licensees to Panasonic Energy’s product lineup, which includes EcoPro BM, Umicore, L&F, LG Energy Solutions (LGES), EV Metals and Samsung SDI, this multi-product cathode platform has become even more important for EV batteries.
For development, CAMX operates a materials synthesis facility, a pilot plant for scalability and advanced cell manufacturing facilities. The company’s business and technology model is to mature early-stage technologies to mitigate, protect with intellectual property and scale up or prepare for scalability. Then license them to large manufacturing partners with extensive technology transfer so they can scale up, manufacture and sell these technologies to achieve faster and greater impact to improve society and the environment.
Media inquiries
CAMX Performance
Terry Lundstrom
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