News

Lithium Werks sells Valence™ module, BMS assets to Lithion Power Group

KUALA LUMPUR, Dec 23 -- Lithium Werks, a global leader in Lithium Iron Phosphate cell manufacturing, technology, and intellectual property, has sold its Valence™ module and BMS assets to Lithion Power Group, a vertically integrated manufacturer of cells and rechargeable and non-rechargeable battery packs.

As a result of the sale, Lithium Werks will concentrate intensely on continuing to develop its ‘Best in Class’ Nanophosphate™ materials, cell production, custom OEM solutions, increasing R&D, and further expanding and strengthening its Lithium Iron Phosphate (LFP) cathode patent portfolio.

Rapidly growing demand exists for Lithium Werks exclusive technologies from diverse industry sectors on a global basis.

According to a statement, the transaction will facilitate Lithium Werks’ continued focus on meeting this demand.

Lithium Werks, B.V., Chief Executive Officer and Co-Founder, T. Joseph Fisher, III said: “This move will sharpen our focus on being able to serve our current and future customers with our most powerful and long-lasting Nanophosphate™ powder and cells, not only for our existing verticals like industrial, medical and UPS backup, but with a new strategic clarity for mission critical applications including the energy storage and transportation verticals with custom solutions.”

Lithium Werks, which possesses the world’s most comprehensive portfolio of LFP materials, cells, Intellectual Property LFP patents and products, operates in China, Europe, and the United States.

For details, visit www.lithiumwerks.com.

-- BERNAMA

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