NanoXplore will now own XG’s mechanical milling platform, research and development lab and all issued and pending patents and trademarks, the company said.
Founded in 2006, XG Sciences supplies the nanoplatelets for lithium-ion battery anode materials and graphene filled polyurethane (PU) foam and covers the automotive, packaging, composites, concrete, and other industrial applications. The company ceased operations in July.
“XG has been a respected competitor of ours for years, and the integration of their assets will further support the growth of NanoXplore,” said Soroush Nazarpour, President and CEO, NanoXplore. “This acquisition accelerates our participation in the battery material space and significantly increases our intellectual property related to graphene and graphene-enhanced battery materials.”
NanoXplore says that it now plans to move XG from Lansing, Michigan to Canada to establish a dedicated battery material R&D facility and will build a silicon-graphene anode material facility with a production capacity of 100-200 tons per year during 2023.