April 22, 2016
BASF has been granted a license under the intellectual property of CAMX Power LLC (CAMX) relating to the CAMX suite of CAM-7TM cathode materials for lithium-ion batteries. CAM-7 is a patented cathode material that is based on unique properties of high-nickel compounds and deliver high energy density with high-power capability.
“In BASF testing, the CAM-7 product platform has shown strong performance and is believed to have the potential to further increase energy density of lithium-Ion batteries,” said Kenneth Lane, President of BASF’s Catalysts division. “CAMX has established a strong global IP position and we will be collaborating with CAMX’s experienced technical staff to develop advanced processing techniques to bring these products to the marketplace.”
The CAM-7 cathode material suite for advanced lithium-ion batteries, developed for over a decade by CAMX Power and now globally patent-protected, is capable of extending the range of electric vehicles and the run time between charges in portable devices.
“We believe that BASF, as the world's largest chemical company, with CAM-7 added to its cathode portfolio, and with its extensive battery material production facilities globally as well as its deep manufacturing and process technology expertise, is in an ideal position to rapidly scale up production”, said Dr. Kenan Sahin, founder and CEO of CAMX. “That is why BASF can meet the upcoming spike in demand for high energy cathodes, a critical lithium-ion battery component, accounting for as much as a third of the cost.”