Safire and Oak Ridge National Laboratory Enter Exclusive Licensing Agreement To Commercialize Breakthrough Battery Safety Technology

17 November 2022

Today, Safire Technology Group, Inc.a venture-backed company developing and manufacturing Lithium-ion (Li-ion) battery safety technology announced it has signed an exclusive licensing agreement with Oak Ridge National Laboratory (ORNL). Under the agreement, Safire has the exclusive right to commercialize the ORNL-invented breakthrough battery technology, SAFe Impact Resistant Electrolyte (SAFIRE™), the world’s first patented and proprietary drop-in safety additive for Li-ion batteries.SAFIRE is a revolutionary drop-in electrolyte additive for Li-ion batteries that prevents fire and explosion by automatically transforming the liquid electrolyte to a solid state instantaneously upon kinetic impact, such as an electric vehicle crash. The additive provides a safe, low-cost solution for electric vehicles, electric Vertical Takeoff and Landing (eVTOL) aircrafts, and defense equipment, resulting in increased safety and stability, higher performance, and projectile and ballistic protection.

“SAFIRE will transform the car industry, particularly as we pivot towards electric vehicles,” said John Lee, co-founder and CEO, Safire. “The additive is easy to add to any existing battery-making process and provides users with a safer alternative that is lighter and more effective than conventional battery protection, resulting in higher performance and lower total cost of ownership.”

“Today’s announcement further strengthens our long-term collaboration with ORNL and allows us to begin commercial testing,” added Mike Grubbs, co-founder, Safire. “We are also exploring new partnerships and identifying prototyping opportunities with automotive, e-bike, and eVTOL manufacturers.”

The collaboration between Safire, formerly known as BTRY, and ORNL is mutual and ongoing. Originally developed by Gabriel Veith and his colleagues at ORNL through initial funding from the U.S. Government (ARPA-E), Safire was formed as a direct result of these efforts and a commercialization initiative launched by Fedtech. Through its agreement with ORNL, Safire has received exclusive authorization on five patents to begin commercial sales of the technology.

“Seeing a technology grow from a seed project through invention, patenting, development and licensing is fulfilling and an honor for our team,” said Mike Paulus, director of technology transfer, ORNL. “We look forward to working with Safire through the prototype process and into manufacturing.”

To learn more about Safire and its relationship with ORNL, please visit safire.co. Parties interested in testing the technology or partnering with Safire should email [email protected].

ORNL is managed by UT-Battelle on behalf of the U.S. Department of Energy.

ABOUT SAFIRE TECHNOLOGY GROUP, INC

Safire Technology Group, Inc. (Safire) is a venture-backed company developing batteries that help prevent fire and explosion in kinetic impacts, such as electric vehicle crashes. The company’s core technology, SAFe Impact Resistant Electrolyte (SAFIRE), is the world’s first patented and proprietary drop-in additive for Lithium-ion batteries that prevents fire and explosion through an instantaneous liquid-to-solid transformation upon kinetic impacts, such as electric vehicle crashes. Safire has been awarded an exclusive license to five patents to date through its partnership with the technology’s inventor, Oak Ridge National Laboratory. Learn more at safire.co and follow the company on LinkedIn.

Contacts
For more information:
Elyssa Haynes
[email protected]
804-338-3102

 

Source:businesswire.com