SOUTH SAN FRANCISCO, Calif., Sept. 27 /PRNewswire/ -- Nanoexa, a
leading nanotechnology-based clean energy company, and Decktron
(KOSDAQ:053070), a lithium battery and display company, today jointly
announced a definitive agreement to develop and transfer into commercial
use new lithium battery technology originally developed at the U.S.
Department of Energy's Argonne National Laboratory.
The goal of this agreement is to commercialize next generation
rechargeable lithium battery technologies from Argonne's Battery Technology
Department. Together, the organizations will introduce into the marketplace
batteries with increased power output, storage capacity, safety and
lifetime that will be utilized in high-rate applications such as
hybrid/electric vehicles, power tools, and radio control devices.
"The recent news about laptop battery safety has exposed the
limitations of current rechargeable battery technologies. One of the
primary goals of Argonne's battery technology is to dramatically improve
lithium battery safety," said Michael Pak, CEO of Nanoexa. "Argonne's R&D
expertise in developing lithium battery materials as well as their deep
relationships with the world's automotive makers will create a powerful
opportunity for our company. We look forward to expanding our strategic
relationship with Argonne even further."
"As part of the FreedomCAR Partnership between the U.S. Department of
Energy (DOE) and U.S. automobile manufacturers, we at Argonne have been
conducting research and development to help industrial battery developers
lower cost and increase the lifetime and inherent safety of high-power
lithium batteries" said Gary Henriksen, Manager of Argonne's Battery
Technology Department. "These new Argonne-developed technologies could help
lithium-ion batteries enter the automotive market. Also, we believe that
some of these technologies could lead to improved (longer life and
inherently safer) batteries for consumer electronic applications. We look
forward to working with Nanoexa and Decktron to demonstrate our
technologies in commercial cells and batteries."
Lithium batteries are the most popular rechargeable battery for
consumer electronics such as mobile phones, digital cameras, camcorders,
and laptop computers. As a result of their success in these applications,
lithium batteries are now used in other applications such as electric
vehicles, hybrid electric vehicles, power tools and specialty battery
applications which typically rely upon less efficient NiCD (nickel cadmium)
or NiMH (nickel metal hydride) technologies. Lithium batteries are 20-50%
lighter than either NiCD or NiMH and can provide greater energy and power
per unit of volume and weight.
Analysts predict that by 2010 automakers will annually sell more than 3
million hybrid cars around the world, generating battery sales of over $3
billion. Lithium batteries already represent a global market of $6 billion,
growing at 10-15% per year.
Nanoexa is a nanotechnology-based clean energy company creating new
applications that utilize nanotechnology and computational modeling
innovation to dramatically improve material performance in clean energy
products such as lithium batteries and solar cells. Nanoexa has assembled
an extensive lithium battery intellectual property portfolio and has
developed a computational modeling platform technology that offers a unique
and powerful way to design and validate material design from the quantum
level. In 2006, Nanoexa acquired a controlling interest in Decktron, a
South Korea-based company offering highly efficient, environmentally
sustainable battery technologies. Nanoexa is based in South San Francisco,
California. For further information, visit www.nanoexa.com.
Decktron is an advanced technology and manufacturing company currently
selling lithium batteries and flat panel displays, including LCD and PDP,
generating global revenues of $100 million in 2005. Decktron's growth
strategy is focused on delivering next generation lithium batteries that
offer exceptional performance and safety levels. Decktron is publicly
traded on the Korean Stock Exchange (KOSDAQ: 053070) and is headquartered
in Seoul, South Korea. For further information, visit www.decktron.com.
About Argonne National Laboratory
The nation's first national laboratory, Argonne National Laboratory
conducts basic and applied scientific research across a wide spectrum of
disciplines, ranging from high-energy physics to climatology and
biotechnology. Since 1990, Argonne has worked with more than 600 companies
and numerous federal agencies and other organizations to help advance
America's scientific leadership and prepare the nation for the future.
Argonne is managed by the University of Chicago for the U.S. Department of
Energy's Office of Science. For further information, visit www.anl.gov.