Engineering Firm KBR Signs Lithium Tech Agreement With GeoLith: Details
Portfolio Pulse from Shivani Kumaresan
KBR Inc has entered into an exclusive global alliance with GeoLith SAS to license GeoLith's advanced Direct Lithium Extraction technology, Li-Capt, aimed at enhancing lithium production for electric vehicle batteries. This collaboration combines GeoLith's technology with KBR's battery material technologies to produce battery-grade lithium, addressing the growing demand for lithium-ion batteries.
April 15, 2024 | 11:55 am
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KBR Inc's exclusive global licensing agreement with GeoLith SAS for the Li-Capt technology could significantly enhance its position in the lithium extraction and battery material market, addressing the high demand for lithium-ion batteries.
The exclusive agreement with GeoLith positions KBR at the forefront of lithium extraction technology, which is crucial for the production of electric vehicle batteries. This strategic move could enhance KBR's market share and revenue in the rapidly growing EV sector, potentially leading to a positive short-term impact on its stock price.
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