Intriplex Competitors

Delivered January 28th, 2020. Contributors: Sunali T., Esther M., Terri A. and

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Intriplex Competitors - Analysis (2)

Three competitors of Intriplex Competitors: Zook, BS&B Systems, and Schott have been analyzed in terms of revenue, product offering, key clients, and press mentions with reference to electric vehicles within the past 24 months have been presented below. 
ZOOKAccording to Zoominfo, Zook (a private company) has a revenue of $4 million. Glassdoor has not published the company's revenue.
The company's main product offering includes: Reverse Acting Disks 
(Compression Loaded), Forward Acting Disks
 (Tension Loaded), Holders, Custom Solutions, Graphite Disks, Ultra-Low & Bi-Directional Disks, Sanitary Disks, Extrusion Burst Plugs, Transportation/ Railcar, Burst Sensors & Indicators, Explosion Vents, and Accessories.
While Zook's official website mentions that the company serves over 5,000 clients across 65+ countries worldwide, specific names of key clients have not been published.
Press and media mentions relating to the company's involvement in electric vehicle manufacturing was not found (including supplying components, R&D activity, and other related mentions). 
BS&B SAFETY SYSTEMSBS&B safety systems is a private company with a revenue of $38 million according to Zoominfo. Glassdoor estimates the company revenue to be between $10-25 million.
Its main product offering includes: Rupture Disks, Graphite Disks, Safety Heads, Explosion Vents, Sensors & Monitors, Buckling Pin Valves, Flame Arrester and Tank Vents, and OEM products.
The company has not disclosed names of its key clients. It has partnered with other manufacturers such as Rico and HMA-POGC.
Digoretti News has cited market research titled "Global Electric Vehicles Battery Pack Market" which has named BS&B Safety Systems as being among the top Electric Vehicles Battery Pack manufacturers.
SCHOTT According to the 2018/19 annual report of Schott, the company has a revenue of €2.2 billion. Analytica World has reported that Carl-Zeiss-Stiftung (Foundation) will remain the sole stockholder of Schott AG and the company will not be floated on the stock exchange.
The company's product offering is categorized into : Art and Design (art installation, decorative glass, effect glass, round glass, displays, semi-transparent glass, structured glass), Exterior (exterior design, tubular glass, facade, fire-rated glass, restoration, windows), Interior (fire-rated glass, glass for furniture, interior design, tubular glass, lighting concepts, multimedia, separation wall, shower door), Museum glass (picture glazing, round glass displays, secured showcases, showcases), Radiation shielding glass (mobile shields, windows and separation walls), and Lighting solutions for architecture.
Some of Schott's clients include: Space Photonics, Leica Microsystems, the German Federal Ministry of Education and Research (BMBF), and Aerion.
According to a company press release, Schott "now offers a range of standard compressor terminals that have been long sought after by e-compressor developers. The portfolio includes a standard design for 200-500V applications, typically used in electric vehicles. Superior e-compressor terminals ideally suited for fast-charging technologies in electric vehicles will also be on display."
An article by Electronic Design has reported that "Glass-to-alumium sealing is a new technology specifically developed by Schott for capacitors and batteries with high energy density. Possibilities include electric vehicles, high-power applications, heavy industry, and renewable energy, among others."
RESEARCH STRATEGYWhile information relating to each company's revenue and product offerings was found using annual reports, company databases such as Zoominfo, Glassdoor and official websites, their key clients was not as readily available. Our first approach was to search through company websites for evidence of client case studies or testimonials, we then expanded our search into media articles, news and customer review sites such as Featured Customers to find the information. While we were able to find clients of Scott using the second strategy, there was insufficient recent sources available to focus on key clients that are from North America. 

We then attempted to find mentions of other companies that they have partnered with to provide collaborative product offerings to clients. We were able to find two examples of partners for BS&B Safety systems. However, information relating to clients of Zook was not found using the above three strategies as it was not publicly available. While we were able to find a few press mentions of Schott and BS&B Safety systems relating to their involvement with electric vehicles (information was scarce), such mentions were not found for Zook.

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Intriplex Competitors - Analysis (1)

Targray, NEI Corporation, and BASF Catalysts have estimated revenue of $530 million, $8 million, and $69.11 billion, respectively. 
 TargrayTargray has an estimated revenue of $530 million.  
The company’s product offerings are grouped into five divisions — Biofuel, Solar, Refined Products, Battery, and Optical Media. 
PR Newswire, in an article titled ‘Graphene Battery Market Worth $609 Million by 2030 - Exclusive Report by MarketsandMarkets™’ listed Targray Group, among other players such as ZEN Graphene Solutions Ltd and XG Sciences, Inc., as the leading players in the Graphene Battery Market. 
On May 3, 2019, Yahoo! Finance published an article titled ‘Celgard Files Lawsuit Against Targray International for Patent Infringement of Ceramic Coated Separators Used in Lithium Batteries.’ 
In the article, Celgard “seeks an injunction preventing Targray from selling ceramic coated battery separators that infringe Celgard's patent and it also seeks compensation for damages.”
Targray serves clients in various industries including automotive electronics, agriculture, and chemical manufacturers. The company does not mention the specific names of its clients. 
NEI CorporationNEI Corporation has an estimated revenue of $8 million.  
The company’s products offerings are grouped into four divisions — Materials for Lithium-ion Batteries, Advanced Protective Coatings, Electrospun Mats, and Heat Transfer Fluids. 
In an article by Benefits Canada, ‘Investors Call on General Motors for Transparency of Lobbying,’ NEI Investments leads the vote in “favor of a shareholder resolution requesting the car manufacturer to disclose its lobbying practices around vehicle emission standards.” 
In another article by Globe News, "Global $243mn+ Nanowire Battery Market Forecast Report 2019-2026 — Silicon-based Nanowire Battery Market to Witness the Highest Growth,” NEI Investments is listed as one of the leading players in the global nanowire battery market, together with companies such as Amprius and Sila Nanotechnologies.  
NEI Corporation’s major clients are lithium-ion battery manufacturers and developers, paint manufacturers, and the automotive industry. The company does not list specific named of its major customers.  
BASF CatalystsIn 2018, BASF Catalysts recorded revenue of €62.7 billion, approximately $69.11 billion. 
The company’s products offerings are grouped into 10 divisions — Absorbents, Aircraft Cabin / Fuel Inerting, Battery Materials, Indoor Air Quality, Emissions Catalysts, New Business Development, Precious Metal Products & Services, Process Catalysts, Temperature Sensing, and Stationary Environmental Catalysts. 
In an article published by Communal News ‘Diesel Particulate Filter Market Sees Fresh Air in Future,’ BASF is ranked among the few global players in the diesel particulate filter market.  Eberspaecher (Germany), Tenneco (US), and Johnson Matthey (UK) are also mentioned in this group.
 ‘Eramet, BASF and SUEZ Partner to Develop Innovative Closed-loop Process for Recycling Li-ion Batteries’ is an article by Green Car Congress published on September 12, 2019. The publication talks about the €4.7 million received by Eramet, BASF, and SUEZ from EIT Raw Materials, a Europe Union-funded consortium initiative, together with the three members.
BASF’s major customers include Airbus, the Kowloon Motor Bus Company (KMB), Bombardier, and Husqvarna.

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Intriplex Competitors

Six competitors to Intriplex that specifically sell component parts of lithium-ion batteries are outlined below. They are Targray, NEI Corporation, BASF Catalysts, ZOOKDisk, BS&B Systems, and Schott Electronic Packaging. While Schott Electronic Packaging is headquartered in Germany, their North American Branch (Schott North America) produces and sells component parts for lithium-ion batteries within North America; thus, they are included here as a competitor in this market.
Targray Targray is a solar, biofuel, battery and energy storage provider founded in 1989 and headquartered in Kirkland, Quebec, Canada. They are described as a "diversified multinational commodity and special materials company" that caters to "high-growth energy industries."
They sell a number of component parts for lithium-ion batteries, including anode materials such as graphite, silicon, and carbon and cathode active materials such as Nickel Cobalt Aluminum and Nickel Cobalt Manganese.
Targray also provides battery foils, battery-grade binders, battery-grade lithium compounds, battery electrolyte solutions, an anode and cathode (ALD) coating solution, and coated cathode and anode electrode and electrode sheet materials.
NEI Corporation NEI Corporation, headquartered in Somerset, NJ, USA was founded in 1997 as a nanotechnology company known as Nanopowder Enterprises Incorporated (NEI). They have since expanded into a variety of technologies including lithium-ion battery materials. 
NEI describes itself as a company that "develops, manufactures, and sells advanced materials" for industrial customers globally. NEI is also a solutions provider that "work[s] closely with...customers to implement [NEI's materials] in their applications." 
They supply cathode and anode powders and sheets (tapes), and solid-state electrolyte materials for lithium-ion batteries. In addition to providing materials, NEI also offers materials development, characterization, and electrochemical testing services to its customers.
BASF Catalysts BASF Catalysts, headquartered in Iselin, NJ, USA describes itself as "the world’s leading supplier of environmental and process catalysts." Their services are wide-ranging and include providing catalysts for mobile emissions, adsorbents, precious metals, and battery materials.
They also highlight their research and development capabilities in addition to their production of lithium-ion battery components.
BASF provide cathode active materials such as Nickel Cobalt Aluminum oxide and Nickel Cobalt Manganese oxide for electrified vehicles.
ZOOKDisk ZOOKDisk, founded in 1952 and headquartered in Chagrin Falls, Ohio, USA, describes itself as "a global market leader" with expertise in manufacturing high quality graphite rupture (burst) disks and other pressure relief products.
They highlight that their company roots begin in 1940, when Mr. Roy Zook developed the graphite rupture disk. As well as supplying rupture disks, they also offer services including product testing, product certifications and approvals.
ZOOKDisk provides rupture (burst) disks for lithium-ion batteries and lists many related products in their inventory, including reverse-acting disks, forward-acting disks, burst plugs, holders, and welded solutions. 
BS&B Safety Systems BS&B Safety Systems is an international company founded in 1931 and headquartered in Tulsa, Oklahoma, USA. It describes itself as continuing to "set the standard" in the rupture (burst) disk industry since designing the first rupture (burst) disks.
BS&B Safety Systems's Custom Engineered Products Division has been a major supplier of rupture disks for lithium-ion batteries for over 30 years. 
In particular, they have developed novel products as rupture disks for lithium-ion batteries have become miniaturized, such as rupture disks with a hybrid shape to allow for both reverse-buckling and forward-bulging characteristics that collapse in a predictable manner.
Schott Electronic Packaging (Schott North America) Schott Electronic Packaging , headquartered in Lindshunt, Germany has a production and sales arm in both Canada and the United States named Schott North America. They describe themselves "persistently exceeding technological and creative boundaries" in working with glass.
Schott North America produces lid systems for lithium-ion batteries aimed at both preventing the leakage of electrolyte material and the entry of moisture into the battery. This is done by employing a special glass seal for the battery terminals, replacing organic (polymer) sealing material.
They highlight that this technology is appropriate for electronic and hybrid-electronic vehicles.
Research StrategyWe focused our research on companies headquartered within North America that sold the listed component parts for lithium-ion batteries. Once a candidate company was found, we extensively scanned their company web pages looking for services specific to lithium-ion batteries and not any other manufactured parts. In most cases, a close examination of the company's public web pages was sufficient. In the case of BS&B Safety Systems, we could not find any information about products specific to lithium-ion batteries on their web pages after exhaustive searching. However, we were able to find an industry article thoroughly detailing their products as being used within this industry. This article also detailed the innovations to products that they usually provide within this industry to battery manufacturers; thus, we felt that this source completely addressed the research criteria, even though it was not directly on the company website.

After finding five companies (Targray, NEI, BASF Catalysts, ZOOKDisk, and BS&B Safety Systems) that met all the outlined research criteria, and were not previously researched, finding a sixth company that also met the research criteria and was headquartered in North America proved elusive. We extensively scanned manufacturing databases, business reports and LinkedIn to find a sixth company within these boundaries. In the midst of these searches, we did uncover the last company profiled here — Schott Electronic Packaging. While the headquarters for this company is in Germany, and not North America, they do have an extensive production arm within North America (Schott North America) and manufacture their lithium ion battery covers in the United States — thus, we felt that it would prove helpful to profile them as a competitor given their presence in the market within North America.