3M, Umicore sign second battery materials agreement

3M, Umicore sign second battery materials agreement

12:16 AM, 30th September 2011
3M, Umicore sign second battery materials agreement

ST PAUL, US: 3M and Umicore have entered into a second technology license agreement that further expands the use of nickel, manganese and cobalt (NMC) cathode materials in lithium-ion batteries. Under the agreement, 3M grants Umicore license to a family of low cobalt NMC cathode material compositions for manufacture and sales to lithium-ion battery manufacturers for automotive and consumer electronics applications.

The battery cathode compositions composed of nickel, manganese, and cobalt, covered by this agreement, offer a balance of power, energy, thermal stability and low cost. “This license allows Umicore to further expand its wide product offering. The product performance combined with an intrinsic lower cost will pave the way for advanced NMC cathode materials in emerging applications for lithium-ion batteries in the automotive market as well as further penetrate the established consumer electronics market,” said Kurt Vandeputte, Business Line Manager, Rechargeable Battery Materials activity, Umicore.

“NMC cathode materials have shown significant advantages in large format battery applications like electric vehicles. This will enable customers to reduce cost and minimize materials cost fluctuations. The agreement will accelerate market adaptation of the technology and enhance our ability to meet rapidly growing needs of lithium-ion battery manufacturers,” said Christian Milker, Business Manager, Electronics Markets Materials Division, 3M.

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