Solidion Technology Executes Strategic Memorandum of Understanding

Rhea-AI Summary

Solidion Technology (NASDAQ: STI) has announced a strategic Memorandum of Understanding with Bluestar Materials Company of Taiwan. The collaboration aims to leverage Solidion's patent portfolio, particularly focusing on their recently disclosed 5-minute charging lithium battery technology. The agreement will explore U.S.-based manufacturing opportunities and commercialization strategies for Silicon (Si) and Silicon Oxide (SiOx) advanced battery solutions, which are increasingly preferred over solid-state technology.

Positive

• Development of 5-minute charging lithium battery technology
• Strategic partnership with Bluestar Materials Company to accelerate commercialization
• Potential expansion into U.S.-based manufacturing
• Patent portfolio leveraging opportunities

Negative

• None.

Collaboration will Leverage Solidion's Patent Portfolio and Drive U.S. Manufacturing

DALLAS, Nov. 11, 2024 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery technology solutions provider, today announced a strategic Memorandum of Understanding with Bluestar Materials Company of Taiwan. This agreement will leverage Solidion's patent portfolio and accelerate the commercialization of its anode technology, including its recently disclosed technology that allow lithium batteries to be charged in 5 minutes.

Collaboration will Leverage Solidion's Patent Portfolio and Drive U.S. Manufacturing

The agreement will enable Solidion to explore and establish synergies in U.S. based manufacturing, commercialization strategies, and market opportunities related to Silicon (Si) and Silicon Oxide (SiOx) advanced battery solutions. Silicon and Silicon Oxide are now viewed as a more favored solution for battery technology over solid-state technology.

"This agreement positions Solidion to capture new market share in the U.S. while showcasing our Silicon-based solutions, which offer improved battery efficiency and energy density compared to conventional solid-state options on a worldwide basis," said Jaymes Winters, CEO of Solidion Technology.

For more information, please visit www.solidiontech.com or contact Investor Relations.

About Solidion Technology, Inc.

Headquartered in Dallas, Texas with pilot 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.

Cautionary Note Regarding 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 undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

 

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SOURCE Solidion Technology, Inc.

FAQ

What is Solidion Technology's (STI) new battery charging technology?

Solidion Technology has developed lithium battery technology that enables charging in 5 minutes, utilizing Silicon and Silicon Oxide advanced battery solutions.

Who did Solidion Technology (STI) partner with in November 2024?

Solidion Technology signed a strategic Memorandum of Understanding with Bluestar Materials Company of Taiwan.

What type of battery technology is Solidion (STI) focusing on?

Solidion is focusing on Silicon (Si) and Silicon Oxide (SiOx) advanced battery solutions, which are considered more favorable than solid-state technology.

What are the main objectives of Solidion's (STI) new partnership?

The partnership aims to leverage Solidion's patent portfolio, establish U.S.-based manufacturing, develop commercialization strategies, and explore market opportunities for advanced battery solutions.