Umicore SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Umicore NV/SA And Prayon Join Forces To Develop And Produce Phosphate-Based Cathode Materials-Hugin
Hugin reported that Umicore NV/SA is to join forces with phosphate producer Prayon to develop and produce phosphate-based cathode materials for use in lithium-ion (Li-ion) rechargeable batteries. The collaboration will be in the form of a joint venture, named beLife, which is set up on a 51 (Prayon): 49 (Umicore) ownership basis. beLife will initially focus on developing advanced, cost-competitive products and production processes for lithium iron phosphate cathode materials used in lithium-ion rechargeable batteries. The joint venture is establishing an industrial pilot plant in Engis, Belgium, that will be operational in the coming months with all materials produced being exclusively marketed by Umicore. The materials are dedicated to batteries for energy storage applications as well as batteries for hybrid and electric vehicles. Umicore and Prayon have been developing Lithium Iron Phosphate (LFP) technology independently for a number of years and both companies will contribute strong intellectual property to the joint venture. This intellectual property includes Prayon's worldwide license for the production and sale of LFP materials granted by LiFePO4+C Licensing AG.
Latest Key Developments in Precious
- Share this
- Digg this