Samsung Ventures Investment Corporation has invested an undisclosed amount in graphene manufacturer XG Sciences, which the company will use to fund additional R&D.
Lansing, Michigan-based XG Sciences manufactures energy storage materials based on the company’s xGnP graphene nanoplatelets and XG Leaf graphene sheet products. Last April, the company launched graphene-stabilized silicon anode materials for Li-ion batteries. The new anode material uses XG’s xGnP graphene nanoplatelets to stabilize silicon particles in a nano-engineered composite structure.
“The investment from Samsung represents another milestone in our progress toward commercialization of large-scale graphene applications,” said XG Sciences CEO Philip Rose. “A number of applications for our advanced graphene and battery materials have been demonstrated in the electronics industry, and a partner like Samsung will help us move these applications to market faster than we could on our own. We look forward to formalizing our development work with Samsung SDI in a joint development program aimed at next-generation batteries for consumer electronics and other devices.”