GALAXY Resources has signed a partnership deal with US-based K2 Energy for the use of lithium battery technologies.
K2 Energy is an established lithium ion battery producer of high energy density batteries. Under the agreement, it will provide expertise, licensing and commercial support for Galaxy’s proposed battery plant in China.
Galaxy Resources produces lithium compounds, primarily for batteries. It mines lithium and is also involved in downstream processing to supply lithium carbon. It is proposing to open a processing plant in Jiangsu.
Galaxy will have the unrestricted and unlimited use of specific K2 Energy lithium battery technologies, valuable for the Ebike and other battery markets.
When coupled with Korean automated plant equipment, Galaxy hopes the technology will allow it to boost R&D and produce world-class lithium ion batteries.
K2 Energy is developing large format batteries and battery systems based upon lithium iron phosphate (LiFePO4 or “LFP”) technology. The company possesses key intellectual property for high performance lithium iron phosphate batteries, with some of its technology applications pending patent approvals.
K2 Energy’s energy and power cells are currently believed to have the highest energy densities of any LFP products on the market.
Galaxy signs technology license deal for lithium batteries Electronics News
