Business
Acq. of Johnson Matthey's battery IP portfolio
Acq. of Johnson Matthey's battery IP portfolio.
About this update from Gelion Plc
[{"type":"text","content":"\n \n 9 March 2023\n \n \n Gelion plc\n \n \n (\"Gelion\" or the \"Company\")\n \n \n \n Strategic acquisition of Johnson Matthey's battery materials IP portfolio\n \n \n \n \n Significantly strengthens Gelion's position in the LiSiS market to create a sustainable future through next-generation energy storage solutions\n \n Gelion (AIM: GELN), the Anglo-Australian battery innovator, is pleased to announce the acquisition of the Lithium Sulfur and Silicon Anode (\"LiSiS\") patent portfolio (the \"IP\") (including solid and liquid electrolytes, disordered rock salt, electrode formulation and battery materials recycling) from Johnson Matthey for a consideration of £4.25 million payable in cash and will be funded from the Company's available resources.\n \n \n \n \n Highlights\n \n \n \n \n \n \n \n ·\n \n \n \n This highly valuable next generation Battery Materials LiSiS patent portfolio from Johnson Matthey, following their decision to exit this business segment, has been developed, cumulatively over a decade, by leading scientists in the field. This acquisition is of significant strategic importance to Gelion and has the potential to significantly advance our effort to achieve higher gravimetric energy density while reducing cost and increasing safety.\n \n \n \n \n \n ·\n \n \n \n The IP portfolio includes over 450 patents across 82 patent families as well as development programs, technology transfer packages, market and portfolio analyses, manufacturing design and cost models for our LiSiS technology.\n \n \n \n \n \n ·\n \n \n \n The combination of Gelion's existing IP portfolio and the new IP portfolio has the potential to:\n \n \n \n \n \n \n \n \n \n - \n \n \n resolve the issue of sulfur management which is a critical issue for Lithium Sulfur batteries;\n \n \n \n \n - \n \n \n eliminate the reliance on the maturity of Lithium Metal anodes as the Lithium Sulfur cathodes developed by Gelion are compatible with graphitic, silicon, and lithium metal anodes; and\n \n \n \n \n - \n \n \n allow for the Lithium Sulfur technology to be commercialized rapidly.\n \n \n \n \n \n \n \n \n \n \n ·\n \n \n \n Gelion is in advanced discussions to sell a subset of patents (73 patents across 17 patent families) relating to silicon anodes which are not essential to the Company's activities with a...