EaglePicher Acquires Kokam Engineering

EaglePicher Inc. of Phoenix, Arizona, has acquired a controlling interest in Kokam Engineering Co. Ltd. of Seoul, South Korea. The transaction is expected to close in December. In addition, EaglePicher has signed an exclusive agreement to license Kokam’s advanced rechargeable lithium-ion battery technology for government applications worldwide. EaglePicher will sell Kokam products globally outside of North Asia for industrial, commercial, and selected defense applications. Kokam will distribute selected EaglePicher-branded products in North Asia.

Kokam’s technology results in flexible form factors and exceptionally high rate capability compared to other lithium-ion technology. Initial uses for this technology include electric and hybrid electric vehicles, motive, remote power, uninterruptible power supplies, radio-controlled devices, and external medical applications. EaglePicher will also apply this technology to defense applications.

Kokam has 175 employees and two battery manufacturing operations in Korea.