Nanoexa and Decktron Will Jointly Collaborate With Argonne National Laboratory on Commercialization of Next Generation Battery Technologies

Sep 27, 2006, 01:00 ET from Nanoexa

    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.
     About Nanoexa
     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
     About Decktron
     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
     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

SOURCE Nanoexa