|14:01 EDT||MMM||3M Company and Reshine enter patent license agreement|
3M and China-based Hunan Reshine New Material Company, Ltd have entered into a patent license agreement to expand the use of nickel, manganese and cobalt used in lithium ion batteries. These batteries provide energy to a host of diverse applications ranging from the consumer electronics market to the automotive market. Under the agreement, 3M grants Reshine a license to U.S. Patents 6,660,432, 6,964,828, 7,028,128, and 8,241,791 and all global equivalents including in Taiwan, Japan, China and Europe.