Linamar Corp. has entered into an exclusive manufacturing and licensing agreement with Southfield-based eMatrix Energy Systems Inc. to gain access to its leading modular battery pack technology.
The agreement, along with an investment in eMatrix, positions Linamar as the exclusive manufacturing partner of eMatrix’s modular battery packs and grants Linamar exclusive licensing privileges. Terms of the investment were not disclosed.
The modular battery pack system from eMatrix features a unique pack design that is easily assembled and scaled to customer needs. It uses standard battery cells and is controlled with a battery management system designed to optimize thermal performance. The system that results from this design is scalable, flexible, lower cost, and drives better performance efficiency.
“We are excited for the scale and manufacturing expertise that Linamar brings to this alliance,” says Idan Kovent, president and CEO of eMatrix. “We have developed a groundbreaking energy storage system that is easier to modify and scale, so it fits an exceptionally wide range of potential applications.
“With this increasing demand for our products, our partnership with Linamar will allow us to incorporate their renowned manufacturing expertise, as well as utilize their facilities worldwide, to expand our manufacturing and distribution capabilities. As a result, eMatrix can accelerate our growth with both existing and new customers and provide them the highest quality product.”
Under the umbrella of the Guelph, Ontario, Canada-based company’s recently announced eLIN product solutions group, the company is making its first expansion into power storage solutions.
The deal will leverage Linamar’s manufacturing and supply chain management expertise as well as existing infrastructure and industry relationships. It also will allow the company to participate as a shareholder and contract manufacturer with the rapidly growing startup.
“I am very pleased to be announcing this manufacturing agreement and investment in eMatrix,” says Linda Hasenfratz, Linamar’s CEO. “This partnership is the first major implementation by our eLIN Product Solutions Group and our first expansion into the highly opportunistic Power Storage segment. eMatrix are leaders in energy storage systems for electrified solutions and we are very excited for the value their products will bring to Linamar’s customers and stakeholders.”