Solidion’s Silicon/Graphene Anode Materials Validated by an EV OEM-Appointed Third Party
August 21 2024 - 5:58AM
Solidion Technology, Inc. (NASDAQ ticker symbol “STI”), an advanced
battery technology solutions provider, today announced that its
silicon-rich anode material has passed a critical milestone test.
The quantity of energy that a lithium-ion battery can supply to
an electric vehicle (EV) is limited by the amount of charges stored
in its anode and cathode materials. Although graphite has been the
preferred anode material during the past 30 years, Industry-leading
EV OEMs have concluded that silicon anode is required to drive EV
battery technology to lower cost and provide higher energy density,
significantly extending the EV driving range. Specifically, silicon
(Si) is a leading-edge anode material capable of extending the EV
range by 20-40%.
However, the higher-capacity gain is limited by the technical
issue of large volume change-induced rapid capacity decay.
Additionally, most of the silicon-based anode materials have
suffered from processing difficulty using current lithium-ion
battery equipment and process.
Solidion has overcome these technical obstacles at its Dayton,
Ohio facility manufacturing silicon anode materials. Solidion’s
innovative Si anode technology has been recently validated by
third-party testing, which confirms that Solidion’s silicon anode
materials provide comparable performance to the best performance of
any other silicon anode materials. However, all other known
high-performing silicon anode materials are produced from the toxic
and dangerous gas silane and are produced with chemical vapor
deposition (CVD) techniques. While such CVD techniques provide many
challenges and are expensive, Solidion’s silicon anode materials
use an alternative process and precursor materials, so that no
silane gas is used and there are no CVD processes.
EV OEMs are searching for quality silicon anode materials, and
to date no silicon anode materials have achieved such comparable
results without the use of silane gas and CVD processes. Further,
the third party testing has revealed that Solidion’s silicon anode
materials can easily be incorporated into a battery cell, which is
not the case for some other silicon anode materials. Also,
Solidion’s silicon anode materials have markedly better first cycle
efficiency than any other silicon anode material made without
silane gas and without CVD.
Solidion is now established as a leading North American supplier
of Si-based battery anode materials. Solidion’s predecessor company
(G3) is recognized as a global leader in the patent landscape of
silicon anode for lithium-ion batteries.1 This report ranked G3
No. 1 in the USA in terms of Si anode patent
portfolio. Among US-based companies, G3 was No. 1
(having 131 patent families in the Si anode), followed by GM (90)
and two other US-based battery start-ups. Quite significantly,
G3 is ranked No. 1 among all the battery start-ups in the
world.
Solidion seeks to establish partnerships for expanding
manufacturing capacity of its advanced anode materials.
About Solidion Technology, Inc.
Headquartered in Dallas, Texas, with production facilities in
Dayton, Ohio, Solidion’s core business includes manufacturing of
battery materials and components, as well as development and
production of next-generation batteries for energy storage systems
and electric vehicles for ground, air, and sea transportation.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Solidion Technology Inc., (Nasdaq: STI) (the “Company,”
“Solidion,” “we,” “our” or “us”) desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words
“forecasts,” “believe,” “may,” “estimate,” “continue,”
“anticipate,” “intend,” “should,” “plan,” “could,” “target,”
“potential,” “is likely,” “expect” and similar expressions, as they
relate to us, are intended to identify forward-looking statements.
We have based these forward-looking statements primarily on our
current expectations and projections about future events and
financial trends that we believe may affect our financial
condition, results of operations, business strategy, and financial
needs.
Solidion Technology Inc. Contacts
For Investors: ir@solidiontech.com
For Media: press@solidiontech.com
1 Source: Silicon Anode for Li-ion Batteries - Patent
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