Qualcomm Strategic Investment Amionx Brings Breakthrough Innovation in Lithium Battery Safety

【Global Network Technology Report】 On June 20, 2017, San Diego - Amionx, a leading manufacturer of safe battery technology, and Qualcomm Incorporated (Nasdaq: QCOM), a leading technology inventor, announced today that Qualcomm has made strategic investments in Amionx. As part of this investment, Qualcomm President Derek Abli will join the Amionx board of directors.

Amionx pioneered and patented the revolutionary technology Safe Core, which is similar to a circuit breaker that prevents lithium-ion batteries from causing fire or explosion. Lithium ion is one of the most successful battery chemicals to date. The annual output of lithium-ion batteries reaches several billion units, and the annual revenue is expected to exceed 35 billion US dollars. In addition, as lithium-ion batteries become more popular in many applications such as consumer electronics, electric vehicles and energy storage, the market is expected to achieve rapid growth in the next few years. However, as the annual output increases, the technical limits of lithium-ion batteries continue to break through, and battery fires and explosions are also increasing. These accidents can sometimes cause billions of dollars in losses. Manufacturers are trying to use different technologies to improve battery safety, but these prior arts usually require reduced performance or increased costs, and cannot guarantee the safety of batteries in overcharging, internal short circuits, or certain high temperature environments. The Amionx Safe Core prevents battery accidents and costly damage.

Battery Safety Test (Data Sheet)

The Amionx Safe Core focuses on the safety of the battery from the inside to the outside and ensures battery safety even when other safety measures fail or are not activated. Safe Core is suitable for other chemicals and solids. There is no need for additional capital costs to implement Safe Core technology in existing battery manufacturing plants, and only a very low cost in the battery bill of materials is required. Currently Amionx is licensing its Safe Core patented technology for lithium-ion batteries worldwide.

Amionx was split from American Lithium Energy. Lithium Americas was founded in 2006 by Dr. Fan Jiang and Dr. Robert Spotnitz. Both founders are recognized as top experts in battery technology. For more than a decade, the Lithium Corporation of America has been designing, manufacturing, and supplying batteries for the U.S. Department of Defense. Lithium America’s batteries can be used for the most demanding military and commercial applications where battery power, power, and safety are critical.

Amionx CEO Jenna King said: "With the increasing popularity of lithium-ion batteries, we will see more accidents caused by battery fires and explosions; and Safe Core can avoid these accidents. We are glad to see that Qualcomm passed this The commitment demonstrated by the strategic investment, and we also welcome Derek to join the board of directors. Qualcomm has achieved success and experience in technology creation and licensing, and is also looking forward to sharing transformative security technologies with the industry through licensing projects. Can learn from Qualcomm's expertise and experience."

Derek Abli, president of Qualcomm Incorporated, said: "As the industry's leading wireless system inventor, Qualcomm has a long-term vision in identifying and developing breakthrough technologies that will revolutionize people's lives. The Amionx Safe Core is expected to be available in multiple industries. We are extremely excited about the potential for lithium-ion battery suppliers and consumers, and we are excited about its potential.Safe Core technology can be implemented in the current battery manufacturing process in a convenient and low-cost way, which will help to promote its rapid and extensive In addition, the safety considerations in some areas currently limit the use of lithium-ion batteries, and we believe Safe Core can create new product opportunities in these areas."

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