SOUTH SAN FRANCISCO, Calif., Sept. 27 -- Nanoexa, a leading nanotechnology-based clean energy company, and Decktron (KOSDAQ:053070), a lithium battery and display company, today jointly announced a definitive agreement to develop and transfer into commercial use new lithium battery technology originally developed at the U.S. Department of Energy's Argonne National Laboratory.
The goal of this agreement is to commercialize next generation rechargeable lithium battery technologies from Argonne's Battery Technology Department. Together, the organizations will introduce into the marketplace batteries with increased power output, storage capacity, safety and lifetime that will be utilized in high-rate applications such as hybrid/electric vehicles, power tools, and radio control devices.
"The recent news about laptop battery safety has exposed the limitations of current rechargeable battery technologies. One of the primary goals of Argonne's battery technology is to dramatically improve lithium battery safety," said Michael Pak, CEO of Nanoexa. "Argonne's R&D expertise in developing lithium battery materials as well as their deep relationships with the world's automotive makers will create a powerful opportunity for our company. We look forward to expanding our strategic relationship with Argonne even further."
Source: Press release
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