New Patent Pool Formed by Top Battery Manufacturers

Tulip Innovation in Hungary has embarked on a groundbreaking mission to oversee a patent licensing program for LG Energy Solution and Panasonic Energy Lithium-Ion Battery Technologies. With over 5000 patents from these industry giants, Tulip aims to license cutting-edge lithium-ion battery technology to manufacturers worldwide. The company, established as an independent entity, is headquartered in Hungary, a strategic location at the heart of European battery manufacturing.

This initiative marks the largest aggregation of patents ever offered for license in the battery industry. LG and Panasonic are renowned for their pioneering battery technologies, with patents covering a wide array of materials and processes related to cathode, anode, electrolyte, separator, electrode, as well as cell, module, and pack structures and processes.

According to Jay Kim, Chief Technology Officer of LG Energy Solution, "By providing a fair patent license opportunity to industry latecomers, Tulip will contribute to upholding fair and competitive market conditions in the battery industry." Tulip, as the license administrator, presents a streamlined and efficient program that offers battery manufacturers a novel way to access a diverse range of patented technologies from LG Energy Solution and Panasonic Energy through a single license.

"With standardized agreements, streamlined administration, and a single point of contact, Tulip offers considerable advantages for manufacturers seeking to obtain the necessary IP licenses to cover their lithium-ion battery operations under the LG Energy Solution and Panasonic Energy patent portfolios," stated Giustino de Sanctis, CEO of Tulip and CEO and founder of London-based IP consultancy Aliante.

Kim at LG emphasized the significance of the Tulip program, stating, "The Tulip programme is an excellent opportunity for companies active in lithium-ion battery manufacturing to obtain broad licenses on major technology areas that could serve as bedrocks for their businesses." This innovative approach is poised to revolutionize the industry and drive advancements in green technology.