Lithium Werks sells Nanophosphate® cathode powder to lithium battery producers

KUALA LUMPUR, Sept 17 -- With immediate effect, Lithium Werks B. V. has announced the sale of its patented and proprietary, world leading Nanophosphate® powder.

This technology was originally developed by MIT, and then first commercialised by A123 Systems Inc. Lithium Werks has acquired rights to the game-changing, cobalt-free cathode material and is now willing to sell the Lithium Iron Phosphate (LFP) powder to lithium ion battery producers.

While other battery companies are currently trying to reduce the amount of cobalt in their lithium ion batteries, Lithium Werks has succeeded in eliminating not only cobalt, but the expensive and heavy metal nickel.

Nanophosphate® has been used and validated in over 10,000 hybrid electric buses on the road for millions of miles since 2014, as well as used in many other medical, industrial and energy storage products over the last decade.

In a statement, Lithium Werks is also open to granting licences of its LFP manufacturing process patents, which is a portfolio consisting of low-cost production methods to manufacture LFP cathode materials.

This patented process is universally recognised to be the most cost-effective method in manufacturing LFP cathode materials at scale. LFP is currently the world’s second most adopted cathode material for lithium ion batteries.

It is particularly relevant today as it does not contain any cobalt, and is known globally for its power, safety and long cycle life versus other lithium-ion cathode materials.

More details at www.lithiumwerks.com.

-- BERNAMA