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Qualcomm Invests in Carlsbad Battery Technology Maker

Qualcomm Inc. said June 20 that it made a strategic investment in a Carlsbad battery technology maker called Amionx.

Qualcomm (Nasdaq: QCOM) did not disclose the amount of its investment. As part of the investment, Qualcomm President Derek Aberle will join Amionx’s board of directors.

Amionx has pioneered and patented a technology called Safe Core. The businesses say the technology acts like a circuit breaker to prevent lithium ion batteries from being the source of a fire or explosion.

The lithium ion battery business is worth an estimated $35 billion annually, and that business is expected to grow rapidly, according to a statement from the two companies.

Amionx Safe Core is focused on safety from the core of the battery outward and works even when other safety measures fail or are not activated. Safe Core is applicable to other chemistries, as well as solid state. The implementation of Safe Core into existing battery manufacturing factories requires no additional capital cost and adds at most minimal cost to the bill of materials for the battery.

Amionx is a spinout from American Lithium Energy. Jenna King is CEO.

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