Targray Technology International announces that it has entered into a partnership agreement with Sichuan Tianqi Lithium Industries, Inc. (Tianqi),for the distribution of its Lithium Compounds (Lithium Carbonate (Li2CO3) and Lithium Hydroxide Monohydrate (LiOH•H2O))in North America and part of Europe
Montreal, Quebec, Canada, February 2, 2012—Targray Technology International announces that it has entered into a partnership agreement with Sichuan Tianqi Lithium Industries, Inc. (Tianqi), for the distribution of its Lithium Compounds (Lithium Carbonate (Li2CO3) and Lithium Hydroxide Monohydrate (LiOH•H2O)) in North America and part of Europe. Tianqi is one of the world's largest Lithium chemicals producers and is renowned for its high quality Lithium Compounds which are offered in a variety of grades. Targray now brings Tianqi's high purity, battery grade Lithium Carbonate and Lithium Hydroxide Monohydrate to North American and European manufacturers of Cathode and Cathode precursor materials, backed by Tianqi's high volume production capacity that ensures constant supply and consistent delivery.
"Targray is without question, the right partner to bring our Lithium Compounds to the Li-ion battery industry in these markets," said Vivian Wu, Vice President, Corporate Development, Chengdu Tianqi Industry Group Co., Ltd. "We're seeing an accelerating consumption rate of lithium compounds in batteries for a wide variety of applications. In fact, nearly all cellular phones, laptop computers and electric vehicles now incorporate lithium batteries because of their higher energy density and lighter weight than alternatives. This is a fast-growing market, and we needed a partner that could hit the ground running to bring our material to market. Targray was the obvious choice."
"Tianqi leads the lithium chemical industry in China in terms of technology, scale and competitiveness," said Pradip Sheth, Director of the Battery Division at Targray. "Lithium compounds are ideal for use in battery applications since it has the highest electric output per unit weight of any battery material. This is prompting more and more battery manufacturers to migrate from other battery materials to lithium-based batteries. Tianqi's ability to provide a consistent supply of this battery-grade material, coupled with Targray's well-established distribution capabilities will deliver a winning combination to our battery manufacturers' customers."
Targray's battery grade Lithium Carbonate (Li2CO3) product portfolio now includes several grades of Li2CO3 that have been optimized and are available to manufacturers of Cathode materials and precursor manufacturers of cathode materials, as follows:
• Li2CO3 of 99.5% purity - Battery grade
• Li2CO3 of 99.9% purity – 3N High purity grade
• Li2CO3 – 04, 05 & 45 of 99.999% purity – Superior Grade
Targray's battery grade Lithium Hydroxide Monohydrate (LiOH•H2O) product portfolio also includes several grades of LiOH•H2O that have been optimized and are available to manufacturers of Cathode materials and precursor manufacturers of Cathode materials and Electrolytes, as follows:
• LiOH•H2O of 99.0% purity - Battery grade
• LiOH•H2O of 99.3 % purity – High purity grade
To learn more about lithium compounds, visit Targray at the Advanced Automotive Battery Conference (AABC) in Orlando, FL on Feb. 6th -10th, Booth #711.
About Tianqi Lithium
Sichuan Tianqi Lithium Industries Inc. (Shenzhen: 002466) is the world largest lithium chemical producer that converts from hard rock lithium concentrates. With its devotion of more than ten years to the research, production and sales of lithium compounds and chemicals, the company now offers a diverse product portfolio ranging from carbonate to lithium metal meeting almost all kinds of raw material demand of battery producers.
Tianqi Lithium holds a significant market share and is one of the most important raw material providers for the new energy industry in China. Through its international sales network the company is also on its way to respond to the increasing demand around the globe. For more information, visit the company web site at: www.likunda-china.com
About Targray Technology International, Inc.
Founded in 1989, Targray Technology is a leading global supplier of cutting-edge materials to manufacturers of Lithium-ion (Li-ion) cells and batteries. Leveraging over 20 years of experience in supplying novel materials to high-technology industries, Targray brings globally competitive, high-technology battery materials to its manufacturing customers at a competitive cost. The Li-ion battery manufacturing materials in Targray's extensive product portfolio satisfy the requirements of the next generation of Li-ion batteries while meeting the criteria of safety, high-efficiency, lifetime and cost. Targray is a global company with operations and customers in over 50 countries throughout Asia, Europe and the Americas. For more information about Targray, contact the company at 18105 Trans-Canada, Kirkland, Qc, Canada, H9J 3Z4, tel: (514) 695-8095, fax: (514) 695-0593, email: email@example.com, or visit the company website at www.targray.com.
Targray Media Contact:
Marketing Communications Manager