Solesmes Congregation

CAMX Power LLC Announces Transfer of GEMX® Cathode License from Johnson Matthey to EV Metals Group

Retrieved on: 
Thursday, May 26, 2022

LEXINGTON, Mass., May 26, 2022 /PRNewswire/ -- CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM) transferring its GEMX and CAM-7 cathode license to EV Metals Group Plc (EVM).

Key Points: 
  • LEXINGTON, Mass., May 26, 2022 /PRNewswire/ -- CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM) transferring its GEMX and CAM-7 cathode license to EV Metals Group Plc (EVM).
  • Johnson Matthey announces sale of Battery Materials - matthey.com which in part states:
    "The sale also includes Johnson Matthey's eLNOtechnology, underpinned by the GEMX and CAM-7 cathode platforms that the company licensed from CAMX.
  • EV Metals Group will continue to develop eLNO, building on the successful customer testing programme that Johnson Matthey had undertaken."
  • CAMX teams have created specific cathode products complete with precursor formulations which have been branded and include gNMC, gNMCA, gNCA.With the GEMX license, EV Metals now gains immediate access to all these product families based on GEMX platform.

CAMX Power LLC Announces Transfer of GEMX® Cathode License from Johnson Matthey to EV Metals Group

Retrieved on: 
Thursday, May 26, 2022

LEXINGTON, Mass., May 26, 2022 /PRNewswire/ -- CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM) transferring its GEMX and CAM-7 cathode license to EV Metals Group Plc (EVM).

Key Points: 
  • LEXINGTON, Mass., May 26, 2022 /PRNewswire/ -- CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM) transferring its GEMX and CAM-7 cathode license to EV Metals Group Plc (EVM).
  • Johnson Matthey announces sale of Battery Materials - matthey.com which in part states:
    "The sale also includes Johnson Matthey's eLNOtechnology, underpinned by the GEMX and CAM-7 cathode platforms that the company licensed from CAMX.
  • EV Metals Group will continue to develop eLNO, building on the successful customer testing programme that Johnson Matthey had undertaken."
  • CAMX teams have created specific cathode products complete with precursor formulations which have been branded and include gNMC, gNMCA, gNCA.With the GEMX license, EV Metals now gains immediate access to all these product families based on GEMX platform.

Johnson Matthey announces sale of Battery Materials

Retrieved on: 
Thursday, May 26, 2022

Johnson Matthey announces the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business, for 50 million cash

Key Points: 
  • Johnson Matthey announces the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business, for 50 million cash
    LONDON, May 26, 2022 /PRNewswire/ -- Johnson Matthey Plc (JM), a global leader in sustainable technologies, today announces that it has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business.
  • The Battery Materials business will be sold for a total consideration of 50 million in cash and Johnson Matthey will receive a minority equity stake in EV Metals.
  • Liam Condon, Chief Executive of Johnson Matthey, says: "Johnson Matthey made the decision to exit Battery Materials due to insufficient returns, increased commoditisation of battery materials combined with the need for very high capital investments to remain competitive.
  • We are pleased to welcome the technology team in the UK and Germany who developed the Johnson Matthey Battery Materials business to the EV Metals team.

Johnson Matthey announces sale of Battery Materials

Retrieved on: 
Thursday, May 26, 2022

Johnson Matthey announces the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business, for 50 million cash

Key Points: 
  • Johnson Matthey announces the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business, for 50 million cash
    LONDON, May 26, 2022 /PRNewswire/ -- Johnson Matthey Plc(JM), a global leader in sustainable technologies, today announces that it has entered into an agreement for the sale of part of its Battery Materials business to EVMetals Group, a global battery chemicals and technology business.
  • The Battery Materials business will be sold for a total consideration of 50 million in cash and Johnson Matthey will receive a minority equity stake in EV Metals.
  • Liam Condon, Chief Executive of Johnson Matthey, says: "Johnson Matthey made the decision to exit Battery Materials due to insufficient returns, increased commoditisation of battery materials combined with the need for very high capital investments to remain competitive.
  • We are pleased to welcome the technology team in the UK and Germany who developed the Johnson Matthey Battery Materials business to the EV Metals team.

New Infrastructure Bill Bolsters Growing Electric Vehicle Manufacturing Market

Retrieved on: 
Tuesday, August 17, 2021

Electric vehicles, or EVs, have become the answer to growing environmental concerns, with President Biden aiming for 50% of the US auto fleet to be electric by 2020.

Key Points: 
  • Electric vehicles, or EVs, have become the answer to growing environmental concerns, with President Biden aiming for 50% of the US auto fleet to be electric by 2020.
  • Add to that the newly-passed US infrastructure bill, includes an impressive $85 billion in EV charging infrastructure funding and it's clear that all eyes (and wallets) are focused on the EV market.
  • The $1 trillion infrastructure bill is a bipartisan effort to revamp the nation's infrastructure into the new era, providing much-needed jobs and specifically leading the nationwide installation of electric vehicle charging stations.
  • Nano One is forming new partnerships with multinational battery suppliers and positioning itself as an innovator in the growing market.

New Infrastructure Bill Bolsters Growing Electric Vehicle Manufacturing Market

Retrieved on: 
Tuesday, August 17, 2021

NEW YORK, Aug. 17, 2021 /PRNewswire/ -- The global economy is starting to make serious movements away from fossil fuels, and the single largest consumer of fossil fuels is transportation. Electric vehicles, or EVs, have become the answer to growing environmental concerns, with President Biden aiming for 50% of the US auto fleet to be electric by 2020. Add to that the newly-passed US infrastructure bill, includes an impressive $85 billion in EV charging infrastructure funding and it's clear that all eyes (and wallets) are focused on the EV market. As a complex product, EVs rely on several supply chains, creating a lucrative opportunity for battery technology company Nano One Materials Corp. (TSX:NNO) (OTCPK:NNOMF), EV manufacturers Lightning eMotors Inc. (NYSE:ZEV), Nio Inc. (NYSE:NIO) and Lucid Group Inc (NASDAQ:LCID), and EV infrastructure provider ChargePoint Holdings Inc. (NYSE:CHPT).

Key Points: 
  • Electric vehicles, or EVs, have become the answer to growing environmental concerns, with President Biden aiming for 50% of the US auto fleet to be electric by 2020.
  • Add to that the newly-passed US infrastructure bill, includes an impressive $85 billion in EV charging infrastructure funding and it's clear that all eyes (and wallets) are focused on the EV market.
  • The $1 trillion infrastructure bill is a bipartisan effort to revamp the nation's infrastructure into the new era, providing much-needed jobs and specifically leading the nationwide installation of electric vehicle charging stations.
  • Nano One is forming new partnerships with multinational battery suppliers and positioning itself as an innovator in the growing market.