NanoXplore has agreed to purchase XG’s mechanical milling platform, R&D lab, all issued and pending patents, as well as its trademarks.
“XG Sciences has a high-quality patent portfolio in strong end markets, and their additives have attractive features and performance in the battery anode material, particularly in next-generation solid-state battery chemistries,” says NanoXplore. “As a result of the transaction, NanoXplore now owns all patents and patent applications including a portfolio of seven patents (six issued and one pending) of silicon-graphene battery materials and all XG trademarks.”
NanoXplore plans to transport the assets to Canada to set up a battery material R&D facility. In 2023, the company also plans to use the assets to construct a silicon-graphene anode material production facility with a capacity of 100-200 tons per year.