Coherent (COHR) is evaluating strategic alternatives for its battery technology platform. The platform encompasses a suite of cathode, electrolyte, and cell technologies built around the breakthrough sulfur immobilization technology developed by Coherent over the past decade. Cells based on immobilized sulfur cathodes have achieved industry-leading performance, finally unlocking the potential of sulfur as a battery cathode. These innovations have been recognized with multiple funding awards from the U.S. Department of Energy Vehicle Technologies Office and the Intelligence Advanced Research Projects Agency, and are protected by 4 issued and 13 pending patents. The announcement is a result of the strategic portfolio assessment that the company completed in August of this year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR:
- GE Aerospace, GM report quarterly earnings beats: Morning Buzz
- Walmart initiated, Uber upgraded: Wall Street’s top analyst calls
- Coherent downgraded to Neutral at Rosenblatt after 126% year-to-date advance
- Coherent downgraded to Neutral from Buy at Rosenblatt
- Coherent appoints Rob Beard as chief legal and global affairs officer