#United States #Honeywell #Lewis Center #Li-ion Tamer #Nexceris

Nexceris Sells Li-ion Tamer® to Honeywell

In a pivotal move for clean energy technologies, Nexceris, a company renowned for its innovative solutions, has officially sold its highly regarded Li-ion Tamer® lithium-ion battery monitoring system to Honeywell (NASDAQ: HON). This strategic decision underlines Nexceris's commitment to developing advanced safety technologies for lithium-ion batteries while allowing the company to broaden its focus on emerging energy markets.

Li-ion Tamer®, which is recognized as a leading technology for averting thermal runaway incidents in lithium-ion batteries, is designed to monitor off-gas emissions and significantly enhance the safety profile of energy storage systems. The integration of this solution into Honeywell's existing fire and life safety portfolio is expected to provide state-of-the-art capabilities in building automation and safety management.

The Importance of Battery Safety Monitoring

The inception of Li-ion Tamer® originated from a critical need for enhanced safety measures following a devastating lithium-ion battery fire at a U.S. Navy shipyard. As a direct result of this incident, Nexceris meticulously studied the causes of such catastrophic failures and developed a robust monitoring solution, setting the foundation for what would become Li-ion Tamer®. With the technology now commercialized, this safety system has been utilized worldwide across various energy storage applications, amassing over 400 million hours of operational monitoring.

Kyle Shen, President and CEO of Nexceris, expresses great pride in the evolution and success of Li-ion Tamer®, stating, "This milestone reflects the dedication of our team and how Nexceris can transform technology ideas into global products. We have made energy storage safer on a global scale, and that is a tremendous achievement."

Fostering Commercialization Through Collaboration

The sale not only signifies a financial milestone for Nexceris but also emphasizes the company's collaborative approach to commercialization. Randall Stacy, Chief Commercial Officer and Managing Partner at Nexceris, notes, "This transaction validates our mission of commercialization through collaboration. Our portfolio of innovations aims to drive efficiency, clean energy production, and enhanced safety in various energy sectors."

As Nexceris pivots towards its next phase of development, the company is set to introduce products across multiple platforms, particularly in catalysts, electric vehicles (EVs), and electrochemical applications under its commercial brands, fuelcellmaterials and HeatPath Solutions. By leveraging its extensive scientific knowledge and engineering expertise, Nexceris aims to expedite the commercialization of next-generation technologies.

A Look Ahead

As Nexceris transitions its focus following this strategic sale, the collaboration with Honeywell is expected to amplify the reach and impact of Li-ion Tamer® in ensuring safe energy storage solutions. This partnership dovetails with Nexceris’ reputation for innovation in materials sciences and advanced ceramics, extending their expertise in battery technology, catalysts, electrolyzers, and sensing technologies.

With a robust intellectual property portfolio, including numerous patents, Nexceris stands at the forefront of energy innovation, demonstrating a rich history of successful technology commercialization through partnerships with large industrial players.

As the energy sector rapidly evolves towards cleaner and sustainable practices, Nexceris is uniquely positioned to catalyze significant advancements in safety and efficiency across both renewable and fossil fuel industries. For further insights on Nexceris and its impact on energy transition, visit Nexceris.