Latest news with #Nexceris
Yahoo
15-07-2025
- Business
- Yahoo
Nexceris sells Li-ion Tamer® lithium-ion battery monitoring products to Honeywell
LEWIS CENTER, Ohio, July 15, 2025 /PRNewswire/ -- Nexceris, a leader in clean energy innovation, has sold its Li-ion Tamer® off-gas monitoring solution to Honeywell (NASDAQ: HON). Li-ion Tamer® is the industry's premier technology for preventing thermal runaway events in lithium-ion (Li-ion) batteries. This strategic transaction enables Nexceris to focus on related breakthrough technologies across numerous energy markets through advanced materials and component-level products. It also allows Li-ion Tamer® as part of Honeywell's leading fire life safety portfolio within its Building Automation business. Building on its existing partnership with Honeywell, the sale also highlights Nexceris' strategy to commercialize technology in packaged products that are ultimately licensed or acquired by industrial partners. "I am proud of what Li-ion Tamer® has become," said Kyle Shen, President and CEO of Nexceris. "This milestone reflects the dedication of our team and how Nexceris can transform technology ideas into global products. I want to thank all the Nexceris team members and partners who contributed to building Li-ion Tamer® to be a solution that makes energy storage safer all over the world." Nexceris first recognized the need for lithium-ion safety monitoring solutions following a catastrophic lithium-ion battery fire at a U.S. Navy shipyard. Upon uncovering the root cause of the battery fire, Nexceris developed a durable detection solution, laying the groundwork for Li-ion Tamer®. Once the technology was commercialized, Nexceris partnered with Honeywell over the past five years to sell Li-ion Tamer® worldwide to energy storage applications, resulting in more than 400 million hours of sensing to date. "This sale validates Nexceris' mission of commercialization through collaboration," said Randall Stacy, Chief Commercial Officer and Managing Partner at Nexceris. "Nexceris has a robust portfolio of innovations designed to enable greater efficiency, cleaner energy production, and enhanced safety. Our team is excited about our ability to impact clean energy in both the renewable and fossil fuel industries." Looking ahead, Nexceris intends to deploy products across catalyst, electric vehicles (EV), and electrochemical applications through its commercial brands fuelcellmaterials and HeatPath Solutions. Nexceris' collaborative model combines client technology with the company's scientific and engineering expertise, helping accelerate commercialization and deliver measurable results. GreenFront Energy Partners served as the exclusive financial advisor to Nexceris for this transaction. About NexcerisNexceris is an established energy innovation company with more than 30 years of experience in advanced materials and technology development. Founded by pioneers in the electrochemical industry, Nexceris has developed a robust intellectual property portfolio, including 16 U.S. patents and 28 international filings. The company's culture is rooted in the commercialization of hard tech ideas through collaboration with major industrial partners. Nexceris specializes in materials sciences and advanced ceramics across battery, catalyst, electrolyzer, fuel cell, and sensing technologies. Nexceris has commercialized these technologies via products, development services, licensing, and technology transfer agreements. For more information on how Nexceris impacts the energy transition, visit Media contact: Cathy ColeEmail: cathy@ Phone: 269.832.8454 View original content to download multimedia: SOURCE Nexceris Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
02-07-2025
- Business
- Entrepreneur
Honeywell Acquires Nexceris' Li-ion Tamer Business, Strengthening Battery Fire Detection Portfolio
The acquisition follows a five-year strategic partnership between Honeywell and Nexceris aimed at advancing battery safety technologies. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Global technology leader Honeywell has announced the acquisition of the Li-ion Tamer business from Nexceris, a move set to boost its position in the lithium-ion battery safety market. Li-ion Tamer, a pioneering off-gas detection solution, is designed to detect early signs of thermal runaway in lithium-ion batteries, offering critical protection across high-risk sectors such as energy storage, cloud infrastructure, and electric vehicle (EV) systems. The acquisition follows a five-year strategic partnership between Honeywell and Nexceris aimed at advancing battery safety technologies. As lithium-ion battery usage accelerates — with demand projected to grow over 30% annually through 2030 to exceed USD 400 billion — the need for early fire detection and safety solutions has become more urgent than ever. "As lithium-ion battery use grows rapidly across data centers, EV infrastructure, and grid-scale energy storage, the risk of fire is increasing in parallel," said Billal Hammoud, President and CEO of Honeywell's Building Automation segment. "Li-ion Tamer's early warning technology has been revolutionary for our customers and partners. Building on our legacy partnership, the acquisition of this product suite will position Honeywell as a leader in early gas detection and battery fire prevention." Li-ion Tamer uses advanced sensing technology to detect off-gassing — an early indicator of battery failure — providing facilities up to 30 minutes' warning before a thermal runaway event. This lead time can be crucial in preventing full-scale battery fires that can otherwise destroy entire systems. Trusted globally by leading battery OEMs, the Li-ion Tamer product line includes more than 30 patents. Honeywell plans to integrate the technology into its Building Automation segment, complementing existing fire detection solutions such as VESDA and the Connected Life Safety Services platform, part of the Honeywell Forge IoT ecosystem. "This acquisition not only strengthens our fire detection capabilities but also aligns with our broader strategy of building a safer and more connected world," Hammoud added. "We expect this tuck-in acquisition to further bolster the growth of our fire detection business." The deal is expected to be immediately accretive to Honeywell's financials and follows a string of strategic acquisitions and divestitures, including the sale of its Personal Protective Equipment division and over USD 13.5 billion in recent portfolio-enhancing deals. With this move, Honeywell is reaffirming its commitment to advancing safety technologies and addressing critical challenges posed by energy storage and electrification across industries.
