|
SOUTH SAN FRANCISCO, Calif., September 27, 2006 – 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 http://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
http://www.decktron.com
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 http://www.anl.gov .
For Nanoexa/Decktron press inquiries, please contact: Doug Wyllie
at 415-977-1930 or via email at doug@antennagroup.com
For Argonne National Laboratory press inquiries, please contact: Catherine Foster
at 630-252-5580 or via email at media@anl.gov
|
