Coherent Corp. announced it is evaluating strategic alternatives for its battery technology platform, which includes a suite of cathode, electrolyte, and cell technologies. This review follows a strategic portfolio assessment completed in August 2024.
The platform is built around breakthrough sulfur immobilization technology, which has achieved industry-leading performance in battery cells. These innovations have received funding awards from the U.S. Department of Energy Vehicle Technologies Office and IARPA, and are protected by 4 issued and 13 pending patents.
The company stated it does not anticipate making further public comments until a material development occurs. This move indicates a focus on core business areas and a potential divestiture of non-strategic assets.
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