The Morgan Crucible Company plc (Morgan
Crucible) announced the signing of a Joint Development Agreement between its
wholly owned subsidiary, MorganAM&T Inc., and Boston-Power Inc., a
lithium-ion battery manufacturer, to accelerate development and commercialization
of MorganAM&T’s advanced anode technologies based on metal-loaded carbon
nanoparticles.

“Working with an industry leader like
Boston-Power is the next phase in our development of next-generation anode
materials for the lithium-ion battery market,” said Mark Robertshaw, chief
executive officer for Morgan Crucible. “The need for high-energy capacity in
batteries for electric vehicles is driving the need for development of new materials.
Combining our portfolio of advanced anode technologies with Boston-Power’s
technical leadership in cell manufacturing will accelerate our development
cycle and reduce the time period until our next-generation products see wide-scale
commercial use.”

MorganAM&T continues to invest in advancing
its anode material offerings for the lithium-ion battery market, including energy
storage and EV applications. In 2011, MorganAM&T joined with the University of Cambridge
under a U.K.
government-funded program in which MorganAM&T is developing Cambridge’s patented
nanotechnology for mass production. MorganAM&T has a separate agreement
with Cambridge Enterprise giving MorganAM&T full commercialization rights
for those materials in lithium-ion battery applications.

Morgan Crucible – www.morgancrucible.com