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Prayon obtains worldwide sublicense for lithium iron phosphate battery material

The Prayon Group, world leader in the production of phosphates, has obtained a worldwide sublicense under a portfolio of key patents for the manufacture, sale and use of lithium metal phosphate (LMP), including lithium iron phosphate (LFP). The patents are owned by Hydro-Québec (Canada), Université de Montréal (Canada) and French National Centre for Scientific Research (CNRS, France).

The licensing agreement was signed with LiFePO4+C Licensing AG, an affiliate of Clariant AG, which has been established in agreement with the patent owners. Prayon is the sixth company to reach such an agreement with LiFePO4+C, which grants a limited number of sublicenses to suitable LFP/LMP producers capable to address the market demand with high quality products.

Lithium iron phosphate is an innovative cathode material whose excellent performance and superior safety profile offer great potential for notably hybrid and electric vehicle batteries as well as stationary applications (solar and wind power storage systems). Prayon built a pilot plant for the manufacture of lithium iron phosphate based on a high-speed, low-cost continuous process. A new production facility will be operated in Belgium (at its main production site in Engis) in summer 2012. Prayon has committed to establish further industrial size manufacturing facilities in France and in the Province of Quebec in the coming years.

"Thanks to our unique patented production process, Prayon has the capability to produce lithium boron iron phosphate with outstanding performance at competitive cost", said Yves Caprara, CEO of Prayon Group. "This licensing agreement will now help us to address the growing demand from global battery and automotive industries for reliable sources of high quality lithium iron phosphate."

About Prayon

With more than a century of industrial experience, the Belgium-based Prayon Group is a world leader in phosphate chemistry. The Prayon Group is owned jointly by the Office Chérifien des Phosphates (OCP S.A.) and the Wallonia Regional Investment Company (SRIW), which have equal stakes in it. With manufacturing operations in Belgium, France and the United States, Prayon serves a global customer base through a sales and service organization that spans the globe.

Products

Prayon manufactures and markets an extensive range of purified phosphoric acids, phosphate salts and fluorine products from our sites throughout the world. The Prayon products are chiefly used as primary materials in the manufacture of end products. They are used in food (including baked goods, meat, processed cheese, fish and seafood, cereals, fruit and vegetables), drinks, pharmaceutical products (including toothpaste, oral hygiene products and excipients) and a range of industrial applications (for paper, ceramics, glass, metal, and so on).

More info : www.prayon.com

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