LG Energy Solution Obtains License From CAMX Power For Its GEMX Advanced Cathode Material Platform For Lithium-ion Batteries

LG Energy Solution Ltd. and CAMX Power LLC announce that LGES has obtained a license under the intellectual property of CAMX relating to the GEMX platform of nickel based high energy high power cathode materials for use in lithium-ion batteries especially for electric vehicles (EVs).

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The GEMX platform is based on fundamental inventions of CAMX for which key patents have been granted globally including the US, EU, Korea, Japan and China. The GEMX inventions, through molecular engineering, place Cobalt, Aluminum, etc. at the critical places of the cathode particles resulting in the use of less Cobalt, yet with greater stability, higher performance and lower cost for all classes of high nickel materials. GEMX enables a broad class of cathode materials, by enhancing the high nickel chemistries NMC, NCA, NMCA, and LNO currently used, and expected to be used in the next ten years or more, in lithium-ion batteries for EVs. Its derivative products have been branded as gNMC, gNMCA, gNCA, and gLNO.

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“LG Energy Solution, recently spun out of LG Chem is one of the key, if not the key, supplier of lithium-ion batteries globally. CAMX is privileged that LGES, as this now independent premier and transformational supplier of cells and batteries, has added the GEMX platform, and in particular the gNMCA derivate, to its choices of cathode materials for use in their offers especially for EVs,” said Dr. Sahin, Founder/President of CAMX, concluding “Instead of attempting production ourselves, by working with eminent and established companies like LGES, CAMX can see its inventions rapidly and  more broadly come to market for the benefit of society especially in the environmentally beneficial connected and self-aware EVs poised to dominate transportation and become a multi-trillion dollar industry in itself. Unquestionably LGES as one of the key transformational companies in this space, by combining GEMX with its other cathode choices, will help make EVs better, more affordable, and have much longer range for the greater benefit of consumers and the environment.”

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