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Lilium and Livent Announce Collaboration to Advance Research and Development for High-Performance Lithium Batteries

Lilium N.V. (NASDAQ: LILM) ("Lilium"), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, and Livent Corporation (NYSE: LTHM) ("Livent"), one of the world's leading producers of lithium products for the battery cell industry, announced today a research and development collaboration agreement.

Lilium and Livent have agreed to collaborate on the advancement of lithium metal technology for use in high-performance battery cells. Collaborating with Livent, a pioneer in lithium technology innovation and a global leader in lithium production for nearly eighty years, is an important step towards securing Lilium's future access to the high-performance battery cell technology that will power Lilium's jets.

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LIVENT RELEASES FIRST QUARTER 2022 RESULTS

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Livent Announces Agreement to Double its Ownership Stake in Nemaska Lithium to 50 Percent

Livent Corporation (NYSE: LTHM) today announced that it has agreed to double its ownership interest to 50% in Nemaska Lithium Inc. (" Nemaska "), a fully integrated lithium hydroxide development project located in Québec, Canada.  Livent will issue 17,500,000 shares of its common stock to The Pallinghurst Group ("Pallinghurst") and its investors to acquire their half of Québec Lithium Partners ("QLP").  Livent already owns the other half of QLP.  Following the close of the transaction, QLP will become a wholly owned subsidiary of Livent, and Livent will in turn own 50% of Nemaska through QLP.  Investissement Québec ("IQ") will remain the owner of the remaining 50% interest in Nemaska .

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