“In BASF testing, the CAM-7 product platform has shown strong performance and is believed to have the potential to further increase energy density of lithium-Ion batteries,” said Kenneth Lane, President of BASF’s Catalysts division. “CAMX has established a strong global IP position and we will be collaborating with CAMX’s experienced technical staff to develop advanced processing techniques to bring these products to the marketplace.”
The CAM-7 cathode material platform for advanced lithium-ion batteries, developed for over a decade by CAMX Power and now globally patent-protected, has been shown by key entities in the industry to be capable of extending the range of electric vehicles and the run time between charges in portable devices.
“We believe that BASF, with CAM-7 added to its cathode portfolio, and with its extensive battery material production facilities as well as its manufacturing and process technology expertise, is in an ideal position to rapidly scale up production to meet the upcoming spike in demand for high energy cathodes, a critical lithium-ion battery component, accounting for as much as a third of the cost,” said Dr. Kenan Sahin, founder and CEO of CAMX.
The licence agreement between BASF and CAMX grants BASF the right to manufacture and sell the materials at hand. In addition, BASF gets the same IP protection rights as the licensor.