Under the agreement, EaglePicher will have the exclusive right to manufacture cells for certain types of US government programs and key specialty commercial applications utilizing the Valence designs and specifications, including Valence’s high-power proprietary cathode powder and cylindrical Lithium-ion cell design. EaglePicher also received consideration to purchase cells manufactured by Valence.

Valence Cathode Materials are prepared using a preparative method called Carbothermal Reduction (CTR), a process to develop lithium iron magnesium phosphate cathode powder in a very efficient, cost effective, stable and scalable way. CTR makes Valence lithium iron magnesium phosphate powder high quality, longer-lasting, with more sustained conductivity, enhanced performance and ultimately a better cathode material that is more easily manufactured into cells, Valence says.