SAMSUNG SDI obtains a license from CAMX for its GEMX™ advanced battery cathode material platform

LEXINGTON, Mass., June 30, 2020 -- CAMX Power LLC (CAMX) of Lexington, Massachusetts (www.camxpower.com) announces that SAMSUNG SDI has obtained a non-exclusive license under the intellectual property of CAMX relating to the GEMX platform and its offers as gLNO™, gNMC™ and gNCA™, all nickel based high energy high power cathode materials for use in lithium-ion batteries, for portable as well as electric vehicle applications.

The GEMX platform is based on a fundamental invention of CAMX for which patents have been granted in the US, EU, Japan, Korea and China. This invention creates a broad class of cathode active materials. The platform is being offered as three products, gLNO™, gNMC™ and gNCA™, overarching the high nickel classes of NMC, NCA, and LNO, the chemistries currently used and expected to be used in the next ten years or more especially in lithium-ion batteries for EVs. The GEMX invention, through molecular engineering, places cobalt at the critical places in the cathode particles resulting in use of less cobalt, yet with greater stability, higher performance, and lower cost for all classes of high nickel materials.

These patents have remaining lives beyond 2030.

"As one of the foremost lithium-ion cell and material companies in the world, SAMSUNG SDI is expected to very quickly and efficiently take the technology to very successful implementations" said Dr. Kenan Sahin, Founder and President of CAMX, who added, "Instead of attempting production ourselves, by working with eminent and well established companies like SAMSUNG SDI, we as CAMX can see our inventions rapidly and more broadly come to market for the benefit of society especially in the environmentally beneficial, non-polluting, connected and self-aware electric vehicles poised to dominate transportation and become a multi-trillion dollar industry in itself."

Previous licensees of GEMX include Johnson Matthey and of CAMX's earlier cathode platform CAM-7, BASF, and Johnson Matthey.

View full press release here.