Li-Metal and Blue Solutions sign joint development and commercialization agreement to advance development of next-generation solid state batteries.
Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal” or the “Company”), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, announced that it has signed a Joint Development and Commercialization Agreement (“JD/CA”) with Blue Solutions, the largest producer of solid-state lithium metal batteries.
The JD/CA will help significantly advance the development of Li-Metal’s high-performance low-cost lithium metal anode technologies and Blue Solutions’ solid-state batteries to be used in passenger electric vehicles (EVs).
The JD/CA marks a strategic milestone for Li-Metal as it moves toward product testing and qualification, ensuring the adoption of its anode technologies in next-generation batteries.
Maciej Jastrzebski, Li-Metal co-founder and CEO, said:
Blue Solutions is the only manufacturer in the market producing and selling an all-solid-state lithium metal battery for real-life applications running on every continent, and this JD/CA will further enable Li-Metal to pioneer lithium metal anode technologies in next-generation batteries for the EV industry.
“The partnership combines Li-Metal’s high-performance low-cost sustainable lithium anode technologies with the know-how of a proven solid-state battery producer, and together, we will develop next-generation battery anodes that are more cost-effective, have increased performance and are more environmentally sustainable.”
Alain Vallée, Blue Solutions Canada General Manager, whose team based near Montreal will work directly with Li-Metal on this endeavor, said:
We are proud to bring to this joint-development decades of experience with manufacturing and use of a metallic lithium anode in our unique Lithium-Metal-Polymer (LMP®) battery, still today and for over 20 years, the only All-Solid-State-Battery (ASSB) technology commercialized in the world.
“We have the greatest confidence in the talent for innovation that the Li-Metal team will bring to this common development that will contribute in solidifying our position as the world leader in lithium metal anode design and production.”
“We plan to qualify this upcoming optimized ultra-thin lithium metal anode to improve our current battery production as well as our next generation batteries in development for passenger EVs.”
The successful collaboration between Li-Metal and Blue Solutions is expected to be followed by the construction and operation of a full-scale anode plant, initially capable of producing between 100-300 MWh of anode materials per year in 2023, bringing the Li-Metal closer to commercial readiness.
About Li-Metal Corp.
Li-Metal is a Canadian-based company developing lithium metal anodes and lithium metal production technologies for use in next-generation batteries.
Our production methods are significantly more sustainable than existing products and offer lighter, more energy-dense and safer batteries that are critical to tomorrow’s electric vehicles. For more information, visit: www.li-metal.com.
About Blue Solutions
Based in France (Brittany) and in Canada (Montreal-area), Blue Solutions is the wholly owned subsidiary of Bolloré SE that brings together all the Bolloré Group’s energy storage activities. Blue Solutions develops and produces batteries based on its own unique Lithium Metal Polymer (LMP®) technology.
Over more than 20 years of R&D and building on its expertise in ultrafine papers, plastic films and capacitors, the Group has developed all-solid-state cells and batteries.
These batteries are able to satisfy the requirements of a number of markets and provide viable answers to the two main challenges of the energy transition: the development of clean transport and the smart management of energy. For more information, visit: www.blue-solutions.com
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LI-METAL AND BLUE SOLUTIONS SIGN JOINT DEVELOPMENT AND COMMERCIALIZATION AGREEMENT TO ADVANCE DEVELOPMENT OF NEXT-GENERATION BATTERIES, TORONTO, Canada, February 28, 2022
