Press Releases

Kenan Sahin Takes CAMX Power from Stealth to E-mobility Enabler

May 4, 2017

Lexington, MA, May 4, 2017: Founder and President of CAMX Power, the largest independent lithium-ion battery materials and design entity in the U.S., Dr. Kenan Sahin, today announced that CAMX Power, which has operated in stealth for the past fifteen years, is opening its doors. CAMX Power today launched an array of services and technology products for the e-mobility and e-portability energy storage markets. These products will bring its state-of-the-art facilities, deep knowledge of lithium-ion batteries and materials, and extensive connections up and down the supply and use chain to benefit clients.

The expanding sales of electric vehicles, where lithium-ion batteries are essential, is estimated to exceed hundreds of billions of dollars annually by the mid 2020s, in the process creating many companies and transforming existing ones in the supply, service and use chain. Further, today's connected lifestyle is becoming increasingly dependent on portable devices whose functions can be severely limited by energy storage capabilities. This combination of e-mobility and e-portability has created an exponentially increasing demand for energy storage options that are clean, affordable and convenient.

The key component of lithium-ion batteries is the cathode material for which only few chemistries are commercially viable. Across 15 years, CAMX Power developed CAM-7®, the highest performance cathode material now available. To achieve this strategic objective, with an investment of more than $75 million, CAMX Power built state of the art facilities, brought together a staff of world leading experts, and accumulated deep knowledge of all facets of lithium-ion battery technology, all the while developing a wide and deep network of major industry players from cell makers to automotive companies. CAM-7 has already been licensed by two key global cathode material manufacturers to make and sell the material in quantity and will now be accessible to the wider market.
 
“The advanced battery energy storage space is dominated by a few big players and as the market expands, new companies with innovative ideas will be challenged in acquiring the access and insider knowledge they need to succeed,” said Dr. Sahin. “Having achieved our strategic mission of developing CAM-7 and putting it in the hands of major manufacturers, we now want to enable other companies to enter the space by making our deep knowledge, extensive facilities, and staff available through the client driven service and technology products we have developed. By lowering the barriers to entry for new players, we aim to help expand the number of companies able to participate in this very important market. This will also help the big players acquire innovations quickly and less expensively.”

"Electrification of vehicles is critical to our environment and quality of life and crucial in the battle to reduce greenhouse gases. Leading the development and commercialization of CAM-7 was a challenging but worthwhile journey," Dr. Sahin added. "Now, transforming CAMX Power to be an enabling company for others to enter and succeed, or expand their present success in this space will be a gratifying next chapter in my long and varied career in socially conscious technologies.”

About CAMX Power
CAMX Power LLC, founded by Dr. Kenan Sahin and headquartered in Lexington, Massachusetts, USA, is the largest independent lithium-ion battery materials and design entities in the U.S. It has developed and licensed its flagship product CAM-7®, one of the most advanced cathode materials for use in lithium-ion batteries. CAMX Power has now transformed itself into a service and technology products company to enable others to enter the emobility and eportability energy storage market and for those already in the market, to cost-effectively expand their sales and to develop and acquire innovative solutions. The company maintains a lithium-ion battery material synthesis facility, a development-purposed cathode production pilot plant, and design-purposed advanced cell making facilities.

For more information please visit www.camxpower.com.

About Dr. Kenan Sahin
Dr. Sahin is an academic, scientist, inventor, technologist, serial entrepreneur and philanthropist.  He was educated at MIT where he served as faculty member, and also served on the faculties of the University of Massachusetts and Harvard University. While at MIT, he started Kenan Systems with his own funds, growing it into an international company with close to 1,000 people, never seeking outside capital. After selling Kenan Systems to Lucent/Bell Labs, spending time running one of Lucent’s groups, and serving as a VP of Technology at Bell Labs, he returned to Boston in 2001. The following year, again with his own funds he started TIAX. Using his decades of experience, he formulated a cluster of business models and practiced them at TIAX to mature early stage technologies to be IP protected, de-risked and production ready for established companies to make and sell.  CAM-7 is a crowning achievement which began in TIAX’s Advanced Battery Materials and Design division.  In 2014 he spun that division into a separate company, CAMX Power. Dr. Sahin has received many awards including being named, in 2003 by the World Economic Forum, one of its 40 technology pioneers.

For more information, visit his bio page at www.camxpower.com.

 

Johnson Matthey obtains high energy battery materials licence from CAMX Power LLC

June 14, 2016

Tuesday, June 14, 2016 - Johnson Matthey and CAMX Power LLC (CAMX) announce that Johnson Matthey has been granted a licence under the intellectual property of CAMX relating to the CAM-7 platform of nickel based cathode materials for use in lithium-ion batteries.
The CAM-7 platform covers a range of patented, nickel rich cathode materials which offer excellent performance across a range of features including energy density, cycle life, gassing and power handling. This makes products based on this technology particularly suited to demanding applications, such as battery electric vehicles and plug-in hybrid electric vehicles, delivering high energy density with high power capability. With its experience in the scale-up and manufacture of battery materials, in-depth knowledge of nickel chemistry allied to its customer focused technical organisation, Johnson Matthey is well placed to bring CAMX Power’s innovative technology to market to meet the rising demand for high energy cathode materials.

“This licence is another important step in our Battery Technologies strategy where we are building a broad portfolio of battery materials aimed at satisfying the most demanding performance requirements,” said Martin Green, Director of Johnson Matthey’s Battery Technologies business. “With CAM-7, CAMX Power has built a strong global IP position. Access to this will enable Johnson Matthey to accelerate its entry into the nickel rich cathode material sector of the automotive market. The CAM-7 platform is highly complementary to our existing R&D programmes and we are excited by the prospects that it offers.”

“We are pleased to announce this agreement with Johnson Matthey, a company with both strong expertise in scaling-up the manufacture of advanced materials and specialised understanding of the automotive industry and its quality systems. With the addition of our CAM-7 platform to its portfolio Johnson Matthey is well positioned to meet the increasing demand for nickel rich cathode materials," said Dr. Kenan Sahin, founder and CEO of CAMX. “And the contemplated collaboration under the licence agreement, between CAMX’s technical staff and Johnson Matthey’s experienced teams, to advance the CAM-7 platform will ensure the sustained excellence of the product” added Sahin.

About Johnson Matthey
Johnson Matthey is a global speciality chemicals company underpinned by science, technology and its people. A leader in sustainable technologies, many of our products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing. Johnson Matthey is building its position as a supplier of functional materials to the lithium-ion battery industry with a focus on automotive applications. We are a leading supplier of lithium iron phosphate for range of light and heavy duty powertrain applications which is complemented with capability in the design and supply of high performance, fully integrated battery systems. In addition, we have a strong position in specialist nickel catalysts for chemical industry customers. This enables us to leverage our technical and manufacturing know-how in nickel based products for the benefit of our battery materials’ customers.

Johnson Matthey has operations in over 30 countries and employs around 13,000 people. Its products and services are sold across the world to a wide range of advanced technology industries.

About CAMX
CAMX Power LLC, in Lexington, Massachusetts, USA, develops, licenses and sells lithium-ion battery related technologies. It has lithium-ion battery material synthesis facilities, a development-purposed production/pilot plant for its flagship cathode material CAM-7™ as well as design-purposed advanced cell making facilities. Its portfolio, in addition to CAM-7, includes advanced cell designs and battery safety technologies/products. Alongside its Development Group, it has a Services Group to be able to tightly collaborate with its customers and the industry in general.

CAMX Power is the former Advanced Battery Materials and Design Division of TIAX LLC, which was founded by Dr. Kenan Sahin in 2002, as a Technology Processing™ company to advance early stage innovations to be scaled-up or scale-up ready, de-risked and IP protected products for established companies to then make and sell as part of their portfolio with TIAX continuing on as a technology partner. CAM-7 and CAMX Power are the results and the embodiments of the TIAX model. Further information at www.camxpower.com.

Enquiries:

Sally Jones
Director, IR and Corporate Communications
+44 20 7269 8407

David Allchurch
Tulchan Communications
+44 20 7353 4200
www.matthey.com

Terry Lundstrom
CAMX Power
+1 978-484-5000
www.camxpower.com

BASF obtains battery material license from CAMX Power LLC

April 12, 2016

Iselin, N.J, and Lexington, MA – April 12, 2016 – BASF and CAMX Power LLC today announced that BASF has been granted a license under the intellectual property of CAMX Power LLC (CAMX) relating to the CAMX suite of CAM-7TM cathode materials for lithium-ion batteries. CAM-7 is a patented cathode material that harnesses the unique properties of high-nickel compounds to deliver high energy density with high-power capability.

“In BASF testing, the CAM-7 product platform has shown strong performance and is believed to have the potential to further increase energy density of lithium-Ion batteries,” said Kenneth Lane, President of BASF’s Catalysts division. “CAMX has established a strong global IP position and we will be collaborating with CAMX’s experienced technical staff to develop advanced processing techniques to bring these products to the marketplace.”

The CAM-7 cathode material platform for advanced lithium-ion batteries, developed for over a decade by CAMX Power and now globally patent-protected, has been shown by key entities in the industry to be capable of extending the range of electric vehicles and the run time between charges in portable devices.

“We believe that BASF, as the world's largest chemical company, with CAM-7 added to its cathode portfolio, and with its extensive battery material production facilities globally as well as its deep manufacturing and process technology expertise, is in an ideal position to rapidly scale up production to meet the upcoming spike in demand for high energy cathodes, a critical lithium-ion battery component, accounting for as much as a third of the cost," said Dr. Kenan Sahin, founder and CEO of CAMX.

About CAMX Power LLC
CAMX Power LLC, in Lexington, Massachusetts, USA, develops, licenses and sells lithium-ion battery related technologies. It has lithium-ion battery material synthesis facilities, a development-purposed production/pilot plant for its flagship cathode material CAM-7™ as well as design-purposed advanced cell making facilities. Its portfolio, in addition to CAM-7, includes advanced cell designs and battery safety technologies/products. Alongside its Development Group, it has a Services Group to be able to tightly collaborate with its customers and the industry in general.

CAMX Power is the former Advanced Battery Materials and Design Division of TIAX LLC, which was founded by Dr. Kenan Sahin in 2002 as a Technology Processing™ company to advance early stage innovations to be scaled-up or scale-up ready, de-risked and IP protected products for established companies to then make and sell as part of their portfolio with TIAX continuing on as a technology partner. CAM-7 and CAMX Power are the results of the TIAX model. Further information at www.camxpower.com.

About BASF’s Catalysts Division
BASF’s Catalysts division is the world’s leading supplier of environmental and process catalysts. The group offers exceptional expertise in the development of technologies that protect the air we breathe, produce the fuels that power our world and ensure efficient production of a wide variety of chemicals, plastics and other products, including advanced battery materials. By leveraging our industry-leading R&D platforms, passion for innovation and deep knowledge of precious and base metals, BASF’s Catalysts division develops unique, proprietary solutions that drive customer success. Further information on BASF’s Catalysts division is available on the Internet at www.catalysts.basf.com

About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information at www.basf.com

Media contacts:

BASF Corporation
Cesar F. Garcia
BASF Catalysts
Phone: +1-732-205-7650
E-mail: cesar.f.garcia@basf.com

CAMX Power LLC
Terry Lundstrom
Phone: +1-978-484-5000
E-mail: Lundstrom.T@camxpower.com