Veken Technology and Amionx have entered into a manufacturer agreement that enables Veken Technology to produce batteries that include SafeCore™ by Amionx. As part of the agreement, Amionx has begun the technology transfer process of a SafeCore design for batteries typically used in consumer electronics devices like cell phones, tablets, notebooks and wearables. Once complete, Veken will be able to make and apply SafeCore in its factories and may provide batteries using the technology to licensees of Amionx. SafeCore addresses the major events associate with thermal runaway in lithium-ion batteries which are overcharge and internal short as well as certain high temperature situations. The benefits of SafeCore are: Virtually no increase to the bill of materials for lithium-ion batteries, No incremental capital cost, Longer lifetime of battery, Longer shelf life of battery, Allows for design of smaller and lighter battery systems, Applicable to other chemistries such as nano-silicon and lithium metal as well as solid state.