Lilium and Livent announce collaboration to advance research and development for high-performance lithium batteries.
Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and Livent Corporation (NYSE: LTHM) (“Livent”), one of the world’s leading producers of lithium products for the battery cell industry, announced a research and development collaboration agreement.
Lilium and Livent have agreed to collaborate on the advancement of lithium metal technology for use in high-performance battery cells.
Collaborating with Livent, a pioneer in lithium technology innovation and a global leader in lithium production for nearly eighty years, is an important step towards securing Lilium’s future access to the high-performance battery cell technology that will power Lilium’s jets.
Livent supplies lithium to many of the world’s premier electric vehicle brands and battery makers. As a fully integrated lithium producer, Livent uses its differentiated technology processes to both source raw lithium and manufacture a range of specialty lithium products in an environmentally responsible, safe and sustainable manner.
Yves Yemsi, Chief Operating Officer at Lilium said:
This collaboration is a milestone in Lilium’s commitment to revolutionize regional air travel.
“Innovation is at the heart of our mission, and to keep innovating we need to collaborate with the best in the industry. Livent’s unique expertise in lithium production, as well as their commitment to sustainably responsible practices, makes them an ideal partner.”
Marina Yakovleva, Director of Research & Development and New Business Development for Livent said:
The Livent R&D team is excited about the opportunity to work closely with the leading scientists and engineers at Lilium to advance the state of the art in e-mobility and battery technology.
“Innovation is in the DNA of both companies, as is a shared commitment to advancing electric transportation and sustainability solutions. Together, we hope to drive meaningful progress in realizing the potential of next generation battery technologies and decarbonizing air travel.”
About Livent
For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium.
The Company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants.
Livent has a combined workforce of approximately 1,100 full-time, part-time, temporary, and contract employees and operates manufacturing sites in the United States, England, India, China and Argentina. For more information, visit Livent.com.
Livent Forward-Looking Statements
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management’s current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement.
These factors include, among other things, the risk factors and other cautionary statements included within Livent’s 2021 Form 10-K filed with the SEC as well as other SEC filings and public communications.
Livent cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
Livent undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
The Company’s investor relations website, located at https://ir.livent.com, should be considered as a recognized channel of distribution, and the Company may periodically post important information to the website for investors, including information that the Company may wish to disclose publicly for purposes of complying with federal securities laws.
Lilium and Livent Announce Collaboration to Advance Research and Development for High-Performance Lithium Batteries, MUNICH, Germany, May 27, 2022
