Valence and EaglePicher Technologies Announce Strategic Alliance
Austin, TX and Joplin, MO – January 26, 2016 – Valence Technology, Inc. and EaglePicher Technologies, LLC announced today that they have entered into a strategic alliance including a technology license agreement for certain Valence Lithium-Ion technology and future supply considerations. The agreement accelerates EaglePicher’s expanding Lithium-Ion based portfolio of products and applications that will be developed at its Lithium-Ion Center of Excellence in Joplin, Missouri.
Under the agreement, EaglePicher will have the exclusive right to manufacture cells for certain types of U.S. government programs and key specialty commercial applications utilizing the Valence designs and specifications, including Valence’s high-power proprietary cathode powder and cylindrical Lithium-Ion cell design. EaglePicher also received consideration to purchase cells manufactured by Valence.
“Our mission to create a reliable and sustainable domestic source of Lithium-Ion cells for a wide range of government-related applications has been greatly enhanced by this agreement. The safety of iron phosphate chemistry, coupled with its high-power performance, made Valence Technology the right choice for our most demanding applications” said Ron Nowlin, Vice President and General Manager of Aerospace Systems for EaglePicher Technologies. “The protected license of US-based Valence materials also made them a logical partner to help us meet the needs of our Defense and Aerospace customers.”
“After a thorough evaluation process, we are proud to be chosen by EaglePicher Technologies for their Lithium-Ion development efforts,” said Paul Krueger, Vice President of Engineering at Valence. “This strategic agreement provides an avenue for Valence products and technologies to be utilized in even more widespread applications.”
Valence Cathode Materials are prepared using a unique and versatile preparative method called Carbothermal Reduction (CTR), a process to develop lithium iron magnesium phosphate cathode powder in a very efficient, cost effective, stable and scalable way. CTR makes Valence lithium iron magnesium phosphate powder high quality, longer-lasting, with more sustained conductivity, enhanced performance and ultimately a better cathode material that is more easily manufactured into cells.
Valence Technology is a global leader in the development and manufacture of safe, long-life modular lithium iron magnesium phosphate advanced energy storage solutions. Headquartered in Austin, Texas, Valence solutions enable some of the world's most innovative and environmentally friendly applications, ranging from commercial electric vehicles to industrial and marine equipment. Valence offers a proven technology and manufacturing infrastructure that delivers ISO-certified products and processes, including an extensive global patent portfolio. In addition to its corporate headquarters in Texas, Valence Technology has a research and development center in Nevada, a European sales office in Northern Ireland, manufacturing facilities and APAC sales operations in China, and global fulfillment centers in North America and Europe. For more information please visit www.valence.com.
About EaglePicher Technologies, LLC
EaglePicher Technologies is a leading producer of batteries and energetic devices for more than one hundred years, currently serving the defense, aerospace, medical, commercial, grid energy storage, and oil and gas industries. The company provides unmatched experience and capability in battery electrochemistry. EaglePicher also provides custom battery assemblies, battery management systems, pyrotechnic devices and custom power solutions. EaglePicher Technologies is headquartered in Joplin, Mo., and is ISO9001:2008 and AS9100C certified. For more information, visit www.eaglepicher.com.
Carol Hanson, Market Research Analyst
EaglePicher Technologies, LLC