Solidion Offers Strategic Partnership Opportunities on Next-Gen EV Batteries
Solidion Technology, Inc. (NASDAQ: STI), an advanced batterytechnology solutions provider, announces that the company is readyto form strategic partnerships aiming to help acceleratecommercialization of lithium-sulfur (Li-S) batteries for worldwideelectrification of transportation.
To realize an EV range of 800 miles on one battery charge, a newbattery system capable of delivering an energy density higher than500 Wh/kg would be needed. Current lithium-ion batteries fall shortof this requirement.
Li-S batteries, having a theoretical energy density much higherthan 600 Wh/kg, are currently the only practical energy storagesolution capable of meeting such an energy density goal.Furthermore, the cathode active material for a Li-S battery issulfur, which is abundant and of low cost. The Li-S battery doesnot contain high-cost, environmentally less sustainable rare metalelements such as cobalt and nickel.
The technical team of Solidion began the work on development ofLi-S batteries in 2010. The team’s goal has been focused onovercoming the critical technical issues, including lithium metaldendrite formation in the anode, the low electric conductivity ofsulfur and slow polysulfide reactions in the cathode, and theundesired migration of chemical species (i.e., lithium polysulfide)from the cathode to the anode. These challenging issues have thusfar impeded full-scale commercialization of lithium-sulfurbatteries.
Solidion has developed effective solutions capable of resolvingthese technical barriers; these solutions includegraphene/elastomer-protected lithium metal anodes, 3Dgraphene-protected sulfur cathodes, and quasi-solid stateelectrolytes. These solutions are protected by a superior IPportfolio.
Solidion now actively seeks to form alliances with strategicpartners in various industries; together we will make EVs moreacceptable to customers who demand safe and lower-cost batteriesand longer driving, sailing or flying ranges.
About Solidion Technology
Headquartered in Dallas, Texas, with production facilities inDayton, Ohio, Solidion’s core business includes manufacturing ofbattery materials and components, as well as development andproduction of next-generation batteries for energy storage systemsand electric vehicles for ground, air, and sea transportation.
Forward-Looking Statements
This press release contains forward-looking statements withinthe meaning of the Private Securities Litigation Reform Act of1995. Solidion Technology, Inc., (the “Company,” “Solidion,” “we,”“our” or “us”) desires to take advantage of the safe harborprovisions of the Private Securities Litigation Reform Act of 1995and is including this cautionary statement in connection with thissafe harbor legislation. The words “forecasts” “believe,” “may,”“estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,”“could,” “target,” “potential,” “is likely,” “expect” and similarexpressions, as they relate to us, are intended to identifyforward-looking statements. We have based these forward-lookingstatements primarily on our current expectations and projectionsabout future events and financial trends that we believe may affectour financial condition, results of operations, business strategy,and financial needs.
Solidion Technology Inc. Contacts
For Investors:ir@solidiontech.com
For Media: press@solidiontech.com
Solidion Technology (NASDAQ:STI)
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