- Part of the acceleration of TDK's global R&D activities
- Partnership with StoreDot Ltd., which offers fast-charging lithium battery technology
Mar. 1, 2018
TDK Corporation (TSE 6762, President and CEO: Shigenao Ishiguro; hereinafter “TDK”) announced that it has concluded a joint development agreement with StoreDot Ltd. (CEO and Founder: Doron Myersdorf; hereinafter “StoreDot”), an Israeli startup that excels in fast-charging technology for lithium-ion batteries, with the aim of joint development. TDK invested in StoreDot. The amount of the investment will not be disclosed.
The new strategic partnership aims to commercialize StoreDot's fast-charging technology promptly.
StoreDot was founded in Herzliya, Israel, in 2012, leading to the development of new materials related to batteries. The company's fast-charging “flash battery technology” makes it possible to charge a smartphone in approximately five minutes. TDK assessed that the technology will be necessary to enhance the added value of the rechargeable battery business in the future, which resulted in this investment.
This investment is also an outcome of it’s global R&D, in which TDK seeks to expand its activities in major regions of the world. In addition to fundamental research in Japan, TDK promotes R&D activities in the U.S., Europe, and China, mainly in applied research. Israel is the fourth base outside of Japan and is undertaking an important function mainly to explore new technologies and create future business opportunity.
Moving forward, TDK will explore new technologies that are likely to grow as future business, and further expand and develop global R&D activities.
About StoreDot Ltd.
StoreDot Ltd. is an innovation leader in materials and device applications, developing ground-breaking technologies based on a unique methodology for the design, synthesis, and manufacturing of both organic and inorganic compounds. Designed to replace known technologies with enhanced chemical, electrical, and optical properties, StoreDot’s proprietary compounds, inspired by nature, can be optimized for multiple industries including fast-charging batteries in mobile devices, electric vehicles and for next generation LCD displays.
About TDK Corporation
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's portfolio includes passive components, such as ceramic, aluminum electrolytic and film capacitors, ferrites and inductors, high-frequency products, and piezo and protection components, as well as sensors and sensor systems and power supplies. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK's further main product groups include magnetic application products, energy devices, and flash memory application devices. TDK focuses on demanding markets in the areas of information and communication technology and automotive, industrial and consumer electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2017, TDK posted total sales of USD 10.5 billion and employed about 100,000 people worldwide.
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