Qualcomm invests in Amionx

Lithium-ion is one of the most successful battery chemistries ever introduced with billions of cells being produced every year, with estimated annual revenue at well over USD 5 billion. Additionally, rapid growth is forecasted in coming years as lithium-ion batteries become even more pervasive in many applications, including consumer electronics, electric vehicles and energy storage. However, as volumes grow and companies push the boundaries of lithium-ion battery technology, there have been an increasing number of battery fires and explosions which, in some cases, have resulted in billions of dollars of damages. While manufacturers use various techniques to improve safety, these existing techniques often reduce performance and/or increase cost and do not guarantee safety from overcharge, internal short or certain high temperature environments. Amionx is a spinout from American Lithium Energy (ALE). ALE was originally founded in 2006 by Dr. Jiang Fan and Dr. Robert Spotnitz, both recognised as experts in battery technology. Amionx is in the process of licensing its patented Safe Core technology for use in lithium-ion batteries globally. "As the use of lithium-ion batteries continues to be more pervasive, we will undoubtedly see more incidents of battery fires and explosions; something which Safe Core can prevent,” said Jenna King, chief executive officer, Amionx. “We are delighted by the commitment Qualcomm is demonstrating through its strategic investment in Amionx and we welcome Derek to the board. Given the success and experience Qualcomm has as a technology pioneer and licensor, we look forward to leveraging their expertise as we share this transformative safety technology with the industry through our licensing program.” “As an industry leading wireless systems invention company, Qualcomm has the foresight in recognizing and developing breakthrough technologies that will fundamentally transform people’s lives.” said Derek Aberle, president, Qualcomm Incorporated. “We are excited about the potential for Amionx Safe Core to deliver significant value to suppliers and consumers of lithium-ion batteries across multiple industries. The fact that Safe Core can be implemented easily into the existing battery manufacturing process and at such low cost will help drive widespread and rapid adoption. Additionally, we believe Safe Core can open new product opportunities for lithium-ion batteries where safety concerns have limited their use to date.”