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Qualcomm (QCOM) Announces Strategic Investments in Amionx; QCOM President Derek Aberle to Join Amionx Board of Directors

June 20, 2017 9:04 AM EDT

Amionx, a leader in safe battery technology, and Qualcomm Incorporated (NASDAQ: QCOM), a leading technology invention company, today announced Qualcomm's strategic investment in Amionx. As part of its investment, Qualcomm President Derek Aberle will join the board of directors of Amionx.

Amionx has pioneered and patented a transformative technology called Safe Core that acts like a circuit-breaker to prevent lithium-ion batteries from being the source of a fire or explosion. Lithium-ion is one of the most successful battery chemistries ever introduced with billions of cells being produced every year, with estimated annual... More