Targray Technology International announces that it has entered into a mutual agreement with one of the top three cathode materials suppliers, L&F Material Co. Ltd., for the distribution of its high quality cathode materials in Europe and North America.

Orlando, Florida, AABC, Booth #711, February 7, 2012—Targray Technology International announces that it has entered into a mutual agreement with one of the top three cathode materials suppliers, L&F Material Co. Ltd., for the distribution of its high quality cathode materials in Europe and North America. L&F Material is the best-in-class supplier of three cathode active materials: Nickel Manganese Cobalt (NCM); Spinel-based lithium-ion: LiMn2O4 (LMO); and Cobalt-based lithium-ion: LiCoO2 (LCO). It is currently the largest supplier of NMC to two of the three top cell makers in the world and ranks amongst the top three suppliers in the world based on combined sales volume of NMC and LCO.

"L&F is one of only two companies that has been granted a 3M patent license to bring their product into the U.S., which speaks volumes about their battery cathode NMC technology," said Pradip Sheth, Director of the Battery Division at Targray. "They've also sold over 20,000 metric tons in the past five years and have been consistently rated number one by some of the top cell makers in the world. We're very excited to bring these quality materials to the European and North American markets."

"Targray is an ideal partner for L&F" explained Su Ann Choi – Strategy Director at L&F Materials. "Their strong technical experience in lithium-ion battery technology, combined with their global presence, and a reputation for product & service excellence make them a front-runner for the supply of advanced materials to the battery industry. Our production capacity continues to grow each year, and we need a partner who can rapidly extend our market reach."

L&F Material have the expert knowledge to develop the equipment and processes to manufacture cathode materials from end-to-end. This enables them to make consistent and reliable high-performance materials. Targray's supply of Nickel Manganese Cobalt (NCM); Spinel-based lithium-ion: LiMn2O4 (LMO); and Cobalt-based lithium-ion: LiCoO2 (LCO) provides Lithium-ion battery manufacturers with high-quality cathodes for all their customized battery application needs.

To learn more about cathode materials, visit Targray at the Advanced Automotive Battery Conference (AABC) in Orlando, FL from Feb. 6th -10th, Booth #711.

About L&F Material Co., Ltd.
A worldwide leading company in the production of battery cathode active material, L&F Material has launched a wide variety of market leading products for lithium ion batteries. L&F Material's core strength is our high level of process technology, and the balance between R&D and strategic long-term business planning, which continues to drive our company growth every day. Visit www.landfm.co.kr for more information.

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: info@targray.com, or visit the company website at www.targray.com.


Targray Media Contact:
Derbhla Dunne
Marketing Communications Manager
t. +1-514-695-8095
f. +1-514-695-0593
marketing@targray.com