STOCK TITAN

NOVONIX and CBMM Enter into Joint Development Agreement Focused on Cathode Materials

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)
Tags

NOVONIX (NASDAQ: NVX, ASX: NVX) and CBMM have signed a joint development agreement focused on nickel-based cathode materials. NOVONIX will use its patented all-dry, zero-waste synthesis process to develop cathode active materials (CAM) incorporating CBMM's niobium products, aiming for improved performance at lower costs. The one-year project involves NOVONIX's cathode pilot line and Battery Technology Solutions division for material characterization and full-scale pouch cell evaluation.

NOVONIX recently commissioned its cathode pilot line, producing materials matching leading suppliers' performance. An independent study showed significant cost savings and waste reduction compared to conventional processes. The company was granted a patent for its technology in Japan and has been sampling pilot-scale materials to potential partners.

CBMM has invested $80 million in a niobium oxide refining facility, targeting battery applications. Niobium oxide is expected to improve NMC cathode materials' cycle life and be key in CAM production.

NOVONIX (NASDAQ: NVX, ASX: NVX) e CBMM hanno firmato un accordo di sviluppo congiunto incentrato sui materiali catodici a base di nichel. NOVONIX utilizzerà il suo processo di sintesi brevettato completamente a secco e senza sprechi per sviluppare materiali attivi catodici (CAM) che incorporano i prodotti di niobio di CBMM, con l'obiettivo di migliorare le prestazioni a costi inferiori. Il progetto della durata di un anno coinvolge la linea pilota per catodi di NOVONIX e la divisione Battery Technology Solutions per la caratterizzazione dei materiali e la valutazione su larga scala delle celle pouch.

NOVONIX ha recentemente inaugurato la sua linea pilota per catodi, producendo materiali che raggiungono le prestazioni dei principali fornitori. Uno studio indipendente ha dimostrato significativi risparmi sui costi e riduzione dei rifiuti rispetto ai processi convenzionali. L'azienda ha ottenuto un brevetto per la sua tecnologia in Giappone ed è stata in grado di campionare materiali a scala pilota per potenziali partner.

CBMM ha investito 80 milioni di dollari in un impianto di raffinazione dell'ossido di niobio, indirizzandosi alle applicazioni per batterie. Si prevede che l'ossido di niobio migliori la vita ciclica dei materiali catodici NMC e sarà fondamentale nella produzione di CAM.

NOVONIX (NASDAQ: NVX, ASX: NVX) y CBMM han firmado un acuerdo de desarrollo conjunto centrado en materiales catódicos a base de níquel. NOVONIX utilizará su proceso de síntesis patentado, completamente seco y sin desperdicios, para desarrollar materiales activos de cátodo (CAM) que incorporen los productos de niobio de CBMM, buscando mejorar el rendimiento a costos más bajos. El proyecto de un año involucra la línea piloto de cátodos de NOVONIX y la división de Battery Technology Solutions para la caracterización de materiales y la evaluación a gran escala de celdas tipo pouch.

NOVONIX recientemente ha puesto en marcha su línea piloto de cátodos, produciendo materiales que igualan el rendimiento de los principales proveedores. Un estudio independiente demostró ahorros significativos en costos y reducción de desperdicios en comparación con los procesos convencionales. La compañía recibió una patente para su tecnología en Japón y ha estado muestreando materiales a escala piloto para posibles socios.

CBMM ha invertido 80 millones de dólares en una instalación de refinación de óxido de niobio, dirigida a aplicaciones en baterías. Se espera que el óxido de niobio mejore la vida cíclica de los materiales catódicos NMC y sea clave en la producción de CAM.

NOVONIX (NASDAQ: NVX, ASX: NVX)와 CBMM은 니켈 기반 양극재에 초점을 맞춘 공동 개발 계약을 체결하였습니다. NOVONIX는 폐기물이 없는 완전 건식 합성 공정을 사용하여 CBMM의 니오븀 제품이 포함된 양극 활성 물질(CAM)을 개발할 예정이며, 이를 통해 성능을 향상시키고 비용을 절감하는 것을 목표로 하고 있습니다. 이 1년 프로젝트는 NOVONIX의 양극 시범 라인과 배터리 기술 솔루션 부서가 재료 특성화 및 대규모 파우치 셀 평가를 수행하는 것을 포함합니다.

NOVONIX는 최근 양극 시범 라인을 가동하였으며, 주요 공급업체의 성능에 상응하는 재료를 생산하고 있습니다. 독립적인 연구에 따르면 기존 공정에 비해 상당한 비용 절감과 폐기물 감소가 확인되었습니다. 이 회사는 일본에서 자사 기술에 대한 특허를 받았으며, 잠재적인 파트너를 위해 파일럿 규모의 재료를 샘플링하고 있습니다.

CBMM은 배터리 응용 프로그램을 목표로 8천만 달러를 니오븀 산화물 정제 시설에 투자하였습니다. 니오븀 산화물은 NMC 양극재의 사이클 수명을 향상시키고 CAM 생산의 핵심 요소가 될 것으로 예상됩니다.

NOVONIX (NASDAQ: NVX, ASX: NVX) et CBMM ont signé un accord de développement conjoint axé sur des matériaux cathodiques à base de nickel. NOVONIX utilisera son procédé de synthèse breveté entièrement sec et sans déchets pour développer des matériaux actifs de cathode (CAM) intégrant les produits de niobium de CBMM, dans le but d'améliorer les performances tout en réduisant les coûts. Le projet d'une durée d'un an implique la ligne pilote de cathodes de NOVONIX et la division Battery Technology Solutions pour la caractérisation des matériaux et l'évaluation à grande échelle des cellules pouch.

NOVONIX a récemment mis en service sa ligne pilote de cathodes, produisant des matériaux qui rivalisent avec ceux des principaux fournisseurs. Une étude indépendante a révélé des économies de coûts significatives et une réduction des déchets par rapport aux procédés conventionnels. L'entreprise a obtenu un brevet pour sa technologie au Japon et a échantillonné des matériaux à l'échelle pilote pour des partenaires potentiels.

CBMM a investi 80 millions de dollars dans une installation de raffinage d'oxyde de niobium, ciblant les applications pour batteries. On s'attend à ce que l'oxyde de niobium améliore la durée de vie cyclique des matériaux cathodiques NMC et soit un élément clé dans la production de CAM.

NOVONIX (NASDAQ: NVX, ASX: NVX) und CBMM haben eine gemeinsame Entwicklungsvereinbarung unterzeichnet, die sich auf nickelbasierte Kathodenmaterialien konzentriert. NOVONIX wird seinen patentierten, vollständig trockenen und abfallfreien Syntheseprozess nutzen, um kathodenaktive Materialien (CAM) zu entwickeln, die die Niobprodukte von CBMM integrieren, mit dem Ziel, die Leistung zu verbessern und die Kosten zu senken. Das einjährige Projekt umfasst die Kathoden-Pilotlinie von NOVONIX und die Abteilung Battery Technology Solutions zur Materialcharakterisierung und zur Evaluierung von Taschenzellensystemen im Großformat.

NOVONIX hat kürzlich seine Kathoden-Pilotlinie in Betrieb genommen, die Materialien produziert, die mit den führenden Anbietern konkurrieren können. Eine unabhängige Studie zeigte erhebliche Kosteneinsparungen und Abfallreduktionen im Vergleich zu herkömmlichen Prozessen. Das Unternehmen erhielt ein Patent für seine Technologie in Japan und hat Pilotmaterialien an potenzielle Partner geliefert.

CBMM hat 80 Millionen Dollar in eine Raffinerie für Niobium-Oxid investiert, die sich auf Batterieranwendungen konzentriert. Es wird erwartet, dass Niobium-Oxid die Lebensdauer der NMC-Kathodenmaterialien verbessert und ein Schlüssel zur Produktion von CAM sein wird.

Positive
  • Joint development agreement with CBMM to improve cathode materials performance
  • Potential for lower-cost cathode active materials production
  • Recent patent granted in Japan for all-dry, zero-waste cathode synthesis technology
  • Independent study shows significant cost savings and waste reduction compared to conventional processes
  • Successful production of materials matching performance of leading cathode materials suppliers
Negative
  • None.

Insights

This joint development agreement between NOVONIX and CBMM is a significant step forward in cathode material innovation. NOVONIX's all-dry, zero-waste synthesis process, combined with CBMM's niobium products, could potentially lead to improved performance and reduced costs in nickel-based cathode active materials (CAM).

The collaboration leverages NOVONIX's patented technology and CBMM's expertise in niobium, which has shown promise in enhancing cycle life of NMC cathode materials. This could address key challenges in battery technology, particularly for mid- and high-nickel content cathodes, which are important for increasing energy density in lithium-ion batteries.

If successful, this partnership could position both companies at the forefront of next-generation battery materials, potentially disrupting the current CAM market. However, the success of this venture will depend on achieving performance benchmarks and successfully scaling up production.

This agreement represents a strategic move for both NOVONIX and CBMM. For NOVONIX, it's an opportunity to further validate and potentially commercialize its innovative cathode synthesis technology. The company's recent patent grant in Japan and positive results from independent studies strengthen its market position.

CBMM's $80 million investment in niobium oxide refining demonstrates its commitment to the battery sector. With a 3,000 tonnes per annum facility expected to start production by the end of 2024, CBMM is positioning itself as a key supplier in the growing battery materials market.

While financial details of the agreement aren't disclosed, the potential for cost savings and improved performance could lead to significant market opportunities. Investors should monitor progress on milestones and any subsequent production agreements, as these could impact future revenue streams for both companies.

NOVONIX's all-dry, zero-waste cathode synthesis process represents a significant environmental advancement in battery material production. Traditional wet processes are known for their high water usage and waste generation, making this innovation particularly noteworthy.

The Hatch study highlighting potential cost savings and waste reduction underscores the environmental and economic benefits of NOVONIX's approach. This aligns with growing industry and regulatory pressures for more sustainable manufacturing processes in the battery supply chain.

If successfully scaled, this technology could set a new standard for environmentally responsible battery material production. However, it's important to see how these benefits translate from pilot to full-scale production. The partnership with CBMM could accelerate this transition, potentially leading to a more sustainable battery industry.

BRISBANE, Australia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, and CBMM, the world leader in the production and commercialization of niobium products, have announced the signing of a joint development agreement focused on nickel-based cathode materials.

Under the agreement, NOVONIX will use its patented all-dry, zero-waste synthesis process to synthesize, test, and analyze cathode active materials (“CAM”) that will incorporate CBMM’s suite of niobium products with the goal of developing a CAM with improved performance at a lower cost.

NOVONIX will utilize its cathode pilot line and the capabilities of its Battery Technology Solutions (BTS) division to characterize the materials under the project through their physical and electrochemical performance, including building full scale pouch cells for benchmark evaluation. CBMM will provide various materials throughout the project to compare and demonstrate optimal performance in NOVONIX’s cathode powders. Upon successful completion of milestones during this one-year project, NOVONIX and CBMM may enter into an agreement for CBMM products to be integrated into NOVONIX’s production processes.

In July 2023, NOVONIX commissioned its all-dry, zero-waste cathode pilot line and announced its production of material that matched the performance of leading cathode materials from existing suppliers in full-cell testing. Since then, the Company has shared the results1 of an independent engineering study by Hatch Ltd. that shows the potentially significant cost savings and waste reduction of NOVONIX’s cathode synthesis process compared to the conventional wet process.

NOVONIX was recently granted a patent2 for its all-dry, zero-waste cathode synthesis technology in Japan, a key market for the production and use of CAM. The Company has continued to produce various grades of mid- and high-nickel cathode material to specifications of potential commercialization partners and began sampling these pilot scale materials. A white paper was recently published to highlight the performance of its mid-nickel materials.3

Dr. Chris Burns, CEO of NOVONIX said, “CBMM’s experience with niobium products allows us to explore the use of important additives to improve the stability and durability of our materials. Our agreement with CBMM advances NOVONIX’s strategy to form strong partnerships to demonstrate and commercialize our all-dry, zero-waste cathode synthesis technology. The agreement also demonstrates our continued commitment to developing industry-leading battery materials to service both the electric vehicle and energy storage industries.”

CBMM has invested $80 million in establishing its first industrial-scale niobium oxide refining facility with the intent of providing battery makers with niobium. The facility is focused on niobium oxide applications for battery materials. The use of niobium oxide has been shown to improve the cycle life of NMC cathode materials, and it is expected to be a key material in CAM production. Before the end of 2024, CBMM aims to complete its first production from the 3,000 tonnes per annum facility.

Dr. Robson Monteiro, Global Market Development Senior Specialist at CBMM said, “A significant amount of CBMM’s future lies with supplying our niobium products to battery makers and battery materials suppliers. The adoption of high capacity cathode active materials in lithium-ion batteries is growing rapidly and niobium usage is especially good for mid- and high-nickel contents due to their reactive issues with the electrolyte, affecting overall performance. Niobium reduces that risk. NOVONIX’s progress in cathode synthesis makes them an excellent partner to help progress our goals in the battery space.”

This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.

About NOVONIX

NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The Company manufactures industry-leading battery cell testing equipment, is growing its high-performance synthetic graphite anode material manufacturing operations, and has developed an all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.

To learn more, visit us at www.novonixgroup.com or on LinkedIn and X. 

About CBMM

World leader in the production and marketing of niobium products, CBMM has more than 500 customers in over 50 countries. Headquartered in Brazil, with regional offices in China, the Netherlands, Singapore, Switzerland and the United States, the company supplies products and technology to the infrastructure, mobility, aerospace, healthcare, and energy sectors. The company has a New Business front to support its growth plans through the development of new applications that is focused on accelerating the entry, into the global market, of niobium technology. In the last 5 years, CBMM has made strategic investments aiming at new developments in niobium materials for Li-ion batteries. Since its foundation, CBMM has developed projects in Brazil and in several countries around the world to foster the adoption of niobium technology by several industries. For further information, please visit https://cbmm.com/en.

For NOVONIX Limited

Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)

Forward-Looking Statements

This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding our cathode synthesis process, developing cathode active materials with improved performance at a lower cost, the successful completion of our project with CBMM, and the execution of a material technology agreement for CBMM products to be integrated into our processes. We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the successful development and commercialization of our cathode synthesis technology and cathode active materials, the commercial success of our technology, our ability to scale our production facility and to obtain funding to finance our growth and operations, the accuracy of our estimates regarding market size, costs and expenses, future revenue, capital requirements and needs for additional financing, how discussions progress with potential customers, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company's Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC's website at www.sec.gov.

Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

1 September 11, 2023 - NOVONIX Announces Results of Engineering Study on Proprietary All-Dry, Zero-Waste Cathode Synthesis Process
2. June 27, 2024 - NOVONIX Granted Patent for All-Dry, Zero-Waste Cathode Synthesis
3. White Paper - An Evaluation of All-Dry, Zero-Waste Cathode Synthesis Technology on Mid-Nickel LiNi0.6Mn0.2Co0.2O2 (NMC622) at the Pilot Scale


FAQ

What is the purpose of the joint development agreement between NOVONIX and CBMM?

The agreement aims to develop nickel-based cathode materials with improved performance at lower costs, using NOVONIX's all-dry, zero-waste synthesis process and CBMM's niobium products.

What recent milestone has NOVONIX (NVX) achieved in cathode material production?

In July 2023, NOVONIX commissioned its all-dry, zero-waste cathode pilot line and produced material matching the performance of leading cathode materials from existing suppliers in full-cell testing.

How does CBMM's investment in niobium oxide production relate to the agreement with NOVONIX (NVX)?

CBMM has invested $80 million in a niobium oxide refining facility, which is expected to provide key materials for cathode active material production, aligning with the joint development project's goals.

What potential benefits does NOVONIX's (NVX) cathode synthesis process offer compared to conventional methods?

An independent engineering study by Hatch shows potentially significant cost savings and waste reduction using NOVONIX's cathode synthesis process compared to the conventional wet process.

NOVONIX Limited American Depository Shares

NASDAQ:NVX

NVX Rankings

NVX Latest News

NVX Stock Data

224.66M
493.75M
0.92%
0.05%
Electrical Equipment & Parts
Industrials
Link
United States of America
Brisbane