The move will ensure that customers have fast and reliable access to these strategic materials on a global basis.
NSP-1 is suitable for use in silicon-graphite hybrid electrodes, and is a replacement for incumbent SiOx materials, offering better first cycle efficiency, higher energy density and other performance improvements. Nexeon materials have been found to offer best in class performance when used in Li-ion batteries, for uses such as automotive power.
This licensing arrangement comes immediately after the investment and strategic partnership announced with SKC last month and is seen as a strong endorsement of the company’s approach and material performance achievements in recent years. The exclusive licence provides Nexeon with an ongoing revenue stream.
“This licensing deal is a key step for Nexeon, giving our customers reliable access to our high-performance materials in volume”, said Dr Scott Brown, CEO of Nexeon.
“Silicon-graphite hybrid electrodes are now delivering superior performance in hybrid and EV vehicles, and are an important step towards cleaner mobility”, said Dr Junghwan Shin, Vice President of SKC.