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Aleees signs LFP MoU with US-listed company

TAIPEI, TAIWAN/ACCESSWIRE/May 19, 2022/ Taiwanese battery materials manufacturer Aleees (TPEx: 5227) has announced that it has signed a memorandum of understanding with a US-listed company (New York Stock Exchange) regarding authorized production licenses of lithium iron phosphate battery materials (LFP).

Lithium iron phosphate (LFP) cathode materials manufacturer Alees (TPEx: 5227) announced a significant corporate event in which the company signed a memorandum of understanding (“MOU”) with a subsidiary of a listed in the United States (New York Stock Exchange) (“Counterparty”) regarding the licensing of technology on May 17, 2022. Alees will license technology on LFP and lithium manganese iron phosphate (LMFP) to the Counterparty and provide it with technical information and technical support services to facilitate its development of a precursor and cathode materials production plant in the U.S. The collaboration will help establish a localized and integrated supply chain of lithium battery materials -ion ​​LFP for US end customers, to enhance the competitiveness of the local LFP battery supply chain in the US and reduce the huge business risk for companies a American companies that are too dependent on foreign supply of LFP materials at present. Aleees said details of the planned collaboration should not be disclosed at this time. Both parties have agreed to release the relevant information on July 1, 2022.

Advanced Lithium Electrochemistry Co., Ltd., Thursday, May 19, 2022, press release photo

About Ales

Aleees (TPEx:5227), founded in 2005 and headquartered in Taiwan, is one of the few LFP cathode material manufacturers with the longest history in the world. Aleees owns more than 200 independent patents worldwide (owned by Aleees Taiwan), and its customers include world famous energy storage batteries and EV batteries in Europe, America, Japan, Korea and Asia.

Aleees develops and produces high quality, cost-effective and longer life LFP cathode materials. In the 17 years since its establishment, it has accumulated more than 15,000 tons of shipments totally from the Taiwan facility and accumulated revenue of nearly US$240 million.

Media contacts:
Alees: Chief Investment Officer
Chu, Rui Yang
Such. : +886 3-364-6655
E-mail: [email protected]

THE SOURCE: Advanced Lithium Electrochemistry Co., Ltd.

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