Koura, an Orbia Company, Acquires Battery Technology Company Silatronix to Meet Growing Global Demand for Energy Storage

Koura is implementing a comprehensive energy materials strategy, and this acquisition complements its energy storage capabilities – currently an area of ​​accelerated need and demand for a sustainable future.

Koura, a global leader in the development, manufacture and supply of fluorine products and technologies and part of the Orbia community of companies, announced that it has signed a final agreement to acquire Madison, Wisconsin-based Silatronix, a leading battery technology start-up. up. Koura is implementing a comprehensive energy materials strategy, and this acquisition complements its energy storage capabilities – currently an area of ​​accelerated need and demand for a sustainable future.

Silatronix was established in 2007 as a high-tech incubator for battery technology by Dr. Robert West and Dr. Robert Hamers, both of the University of Wisconsin-Madison. With the support of the Department of Energy and the Office of Naval Research, Silatronix has built an industry-wide reputation for developing cutting-edge solutions and electrolyte technologies for lithium-ion batteries.

Koura is a global leader in the development, manufacture and supply of fluorine products. Koura collaborates with key industry players and researchers in the lithium-ion battery industry to develop and manufacture a wide range of advanced fluorine materials, including electrolyte salts, binders and high-performance electrolyte additives. Silatronix brings unparalleled expertise in fluorosilane additives to lithium-ion batteries and an industry-wide reputation for developing cutting-edge solutions that deliver enhanced battery safety and performance in a range of applications, from electric vehicles to stationary, grid-scale storage.

Gregg Smith, President of Koura, said: “Together with our unique ownership of raw material assets and expertise in fluorotechnology, Koura is committed to developing next-generation battery technologies that can deliver enhanced safety, performance and sustainability. Bringing Silatronix’s expertise and technologies will further enable us to achieve these objectives, support the development of the entire lithium-ion battery industry and accelerate the use of renewable energy. “

“Koura’s acquisition of Silatronix is ​​an important step in delivering our advanced electrolyte solutions to the lithium-ion battery markets,” said Mark Zager, CEO of Silatronix. “We are pleased to continue to build on our strong foundation while supporting Koura’s growth in offering downstream battery products from their tangible assets.”

Miki Oljaca, Head of Growth and Technology at Koura, added: “We are pleased to welcome the Silatronix team to Koura. Silatronix’s electrolyte technology and battery expertise complement Koura’s strategic efforts to develop and recycle battery materials, as well as build an integrated and secure supply chain. lithium-ion batteries in North America, Europe and other key markets “

With its focus on improving the sustainability and efficiency of lithium-ion batteries, Koura and Orbia recently led a $ 70 million investment round in Battery Resourcers, a closed-loop lithium-ion battery recycler based in Worcester, Massachusetts. Koura is engaged in several initiatives with Battery Resourcers to develop recycling technologies, which the Silatronix team will also support.

About Orbia

Orbia is a community of companies bound by a common purpose: to promote life around the world. Orbia companies have a collective focus on ensuring food security, connecting communities to data infrastructure, reducing water scarcity, reinventing the future of cities and homes, and expanding access to health and wellness with basic and advanced materials and solutions. Orbia operates in precision agriculture, data communications, building and infrastructure, fluorine-containing solutions and polymer solutions. The company has commercial activities in more than 110 countries and activities in over 50 with global headquarters in Mexico City, Boston, Amsterdam and Tel Aviv. To learn more, please visit http://www.orbia.com.

About Koura

Koura is a global leader in the development, manufacture and delivery of fluorine products that play a fundamental role in improving everyday life. Koura is part of the Orbia community of companies working together to tackle some of the world’s most complex challenges. Koura’s products are used in a wide range of applications, including energy storage, urban construction, keeping homes cool, fresh food and even in the treatment of respiratory diseases. Koura is headquartered in Boston and has commercial operations worldwide with operations in the United Kingdom, Mexico, the United States, India and Japan.

About Silatronix

Based in Madison, Wisconsin, Silatronix was established in 2007 as a high-tech incubator for battery technology by Dr. Robert West and Dr. Robert Hamers, both of the University of Wisconsin-Madison. With the support of the Department of Energy and the Office of Naval Research, Silatronix has built an industry-wide reputation for developing cutting-edge solutions and electrolyte technologies for lithium-ion batteries. These technologies, including Silatronix’s unique fluorosilane additive, OS3®, deliver enhanced battery safety and performance in a range of applications, including electric vehicles and stationary storage.

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