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Panasonic Energy and Novonix (ASX:NVX) sign binding offtake agreement
NVX 1.89 NOVONIX and LG Energy Solution Enter into a JDA for Artificial Graphite Anode Material and a US$30 Million Investment Agreement
June 6, 2023
https://finance.yahoo.com/news/novonix-lg-energy-solution-enter-232300690.html
NOVONIX
1d • Edited •
NOVONIX is excited to share that we have entered into a joint research and development agreement, paired with a US$30 million investment agreement, with LG Energy Solution relating to the development and production of artificial graphite anode material.
Upon successful completion of certain development work under the JDA, LGES and NOVONIX will enter into a separate purchase agreement to which LGES will have the option to purchase up to 50,000 tons of artificial graphite anode material over a 10-year period from the start of mass production.
Read the press release for more information at the link provided: https://lnkd.in/g3C44M9A
https://www.linkedin.com/feed/update/urn:li:activity:7072685597793943552/?origin=SHARED_BY_YOUR_NETWORK
Novonix (ASX:NVX) announces Saudi joint venture
Indonesia? Are you still on vacation?
NOVONIX Enters into Joint Venture Agreement with TAQAT Development Company to Produce Battery Materials in the MENA Region
MARCH 30, 2023 AT 6:12 PM EDT
PDF Version
Key Deal Terms:
NOVONIX Limited (“NOVONIX”) and TAQAT Development Company (“TAQAT”) have agreed to form an incorporated Joint Venture (JV) in the Kingdom of Saudi Arabia to produce high-performance graphite anode for use in electric vehicle (“EV”) and energy storage system (“ESS”) applications.
It is intended that the JV will undertake engineering for the facility in its first year with the target to begin facility construction in 2024.
NOVONIX will contribute access on a royalty-free basis to its proprietary intellectual property to the JV for the production and sales of high-performance graphite anode in the Middle East and North Africa (“MENA”) region.
TAQAT will hold a 60 percent equity stake in the JV vehicle and NOVONIX will hold a 40 percent stake with each party contributing their share of operating and capital costs for engineering and subsequent facility construction and operation.
BRISBANE, Australia, March 30, 2023 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX, OTCQX: NVNXF) (“NOVONIX” or “the Company”), a leading battery materials and technology company, today announced that it has agreed to establish an incorporated joint venture with TAQAT to develop and produce anode materials for electric vehicle and energy storage system batteries in the Middle East and North Africa (“MENA”) region.
The joint venture, which has been in discussion since 2021, is intended to utilize NOVONIX’s leading battery technology and capability to develop a graphite anode materials facility with capacity of 30,000 tonnes per annum. The project is to be located in Saudi Arabia and is expected to secure ready access to precursor material as feedstock for critical battery materials and access to developing end-use markets for the manufacture and sale of EVs and ESS applications.
The Government of Saudi Arabia, as part of its Vision 2030 goals, is using its investment power to support and create a more diverse and sustainable economy. Saudi Arabia plans to have 30% of all vehicles on road be electric by 2030. In support of this initiative, Saudi Arabia launched Ceer, the country’s first electric vehicle brand, and a US based EV manufacturer also announced plans to build its first international factory in Saudi Arabia. Upstream projects such as the anode materials facility to be built under this JV will help support a localized supply chain for this sector in Saudi Arabia.
Further, TAQAT announced that it has signed a Memorandum of Understanding (“MOU”) with Rabigh Refinery & Petrochemical Company (“Petro Rabigh”). Petro Rabigh intends to supply TAQAT Decant Oil and TAQAT intends to build a petroleum needle coking facility, using Chevron Lummus Global proprietary Needle Coke technology. This will allow for the JV to access high quality local precursor material within Saudi Arabia while also being able to leverage NOVONIX’s existing suppliers of key feedstocks from North America and globally.
Chris Burns, CEO of NOVONIX commented, “I am very excited as to the possibilities that the joint venture presents to both of our companies. The joint venture will leverage NOVONIX’s existing work in North America and will allow us to more quickly scale our operations to extend our geographical reach to the global market. We believe the joint venture will enhance our financial strength and profitability by both driving revenues and accessing cost competitive, quality feedstock for projects outside of North America. NOVONIX’s battery anode manufacturing expertise coupled with TAQAT’s anticipated strong financial support will help bring the first anode materials facility to Saudi Arabia.”
Jamal Al-Bassam CEO of TAQAT said, “We are pleased to partner with NOVONIX, a leading battery technology and battery materials company. Together, this provides a platform that benefits both companies, not just for the development of battery materials, but also to create a world-class graphite vertical in Saudi Arabia and support the Kingdom’s diversification efforts.”
Other Deal Terms:
NOVONIX will appoint the JV's CEO and COO and TAQAT will appoint the JV's CFO. The JV will have a 5-person Board of Directors. TAQAT has the right to appoint 3 directors to the Board and NOVONIX has the right to appoint 2 directors to the Board, reflecting the parties’ respective equity interests in the JV.
Certain decisions of the Board such as major disposals, major acquisitions, joint ventures, indebtedness, capital expenditures, litigation, or other significant matters of a corporate nature will require the approval of at least one NOVONIX appointed Director and one TAQAT appointed Director.
The parties must incorporate the JV vehicle, provide initial funding for a front-end engineering and design ("FEED") study and obtain merger control clearance (if required) from the Kingdom of Saudi Arabia's General Authority for Competition by 31 March 2024 in each case or the JV will terminate.
https://ir.novonixgroup.com/news-releases/news-release-details/novonix-enters-joint-venture-agreement-taqat-development-company
I am surprised how quick it droped after March.
Looks like it is trying to come back to life.
I have not held a position in a long time.
I need to do a little DD to see what was happening.
NOVONIX
We're excited to publish our quarterly results and highlight our company's progress this past quarter. Here's just a few standouts:
- equipment installation continues at Riverside as NOVONIX's proprietary Generation 3 graphitization furnaces are being optimized ahead of the start of production to support KORE's required volume
- advanced site selection process for Greenfield facility to produce up to 75,000 tpa of high-performance battery grade synthetic graphite
- submitted application to DOE Loan Programs Office (LPO) for technical eligibility and financial viability review.
Click the link to see more details: https://hubs.li/Q01zLZry0
https://www.linkedin.com/feed/update/urn:li:activity:7026210015778607104/
NOVONIX Announces Appointment of Daniel Akerson and Ron Edmonds to Board of Directors
Novonix Ltd.
26 October 2022
Daniel Akerson
Mr. Akerson has served as an executive and director for multiple Fortune 100 companies, including as the former Chairman and Chief Executive Officer of General Motors from 2010 to 2014. Under his leadership, the company completed a successful IPO in November 2010, reported a record 15 consecutive quarters of profitability, reinvested nearly $9 billion, and created or retained more than 25,000 jobs at its U.S. plants. In 2002, he joined The Carlyle Group as a Global Partner and Co-Head of U.S. Buyout, and then became head of the firm’s Global Buyout operations. During his tenure, Carlyle’s assets under management rose from $30 to $100 billion. In addition to his executive positions, Mr. Akerson currently serves as lead director on the Lockheed Martin Board of Directors and was previously Chairman of the United States Naval Academy Foundation.
Ron Edmonds
Mr. Edmonds is a highly accomplished finance executive, currently serving as Chief Accounting Officer at Dow, a $55 billion global materials science company. In that role, he spearheaded all financial activity supporting Dow’s historic $86-billion merger with DuPont unlocking new sources of value, and creating three independent, publicly traded companies in materials science, agriculture, and specialty products sectors. Prior to Dow, he served in finance and accounting roles at Chiquita Brands International, The Upjohn Company, and Arthur Andersen & Company.
This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
https://sg.style.yahoo.com/novonix-announces-appointment-daniel-akerson-130800246.html
NVX:AU Emera and Novonix Partner on Innovative Battery
February 18, 2021 at 5:13 PM CST
(I wish I knew how to explain what is in my brain. There a couple of battery cabal's being formed)
Emera Technologies launched its microgrid power and battery business,
BlockEnergy (https://blockenergy.com/), in 2020 as the first utility-owned
community microgrid platform. Emera Technologies is a subsidiary of Emera Inc.
(TSE: EMA), a multinational energy holding company based in Nova Scotia with
more than CA$32 billion in assets in 2019.
NOVONIX Provides Update on Scaling U.S. Production of Synthetic Graphite Anode Materials
DECEMBER 20, 2022
Are you up late or up early 
?
We are both looking for a graphite play or two.
Novonix, is closer than I thought. ASX down tonight. Maybe I will take a small position again. https://www2.asx.com.au/markets/company/nvx
On January 31, 2022, NOVONIX signed an agreement to be the exclusive supplier of graphite anode material to KORE as part of a strategic partnership to advance the lithium-ion battery supply chain in North America. On November 30, 2022, KORE announced it closed the initial US$75 million of strategic financing from Siemens Financial Services and other strategic investors to support the construction of its KOREPlex facility in Phoenix, Arizona, which will begin commercial production in the fourth quarter of 2024. NOVONIX is expanding production of the Company’s Riverside facility in Chattanooga, TN to a target of 10,000 tpa output at full operation to support KORE’s requirement. This will begin at a rate of approximately 3,000 tpa in 2024 and ramp to approximately 12,000 tpa in 2028, to match KORE’s required volume.
On October 19, 2022, NOVONIX announced that it was selected for a US$150 million grant from the U.S. Department of Energy (DOE), through the Bipartisan Infrastructure Law funding, to expand its production of synthetic graphite anode materials. The Company plans to begin construction of a new production facility in 2023, while continuing to expand the production output of Riverside. NOVONIX plans to adjust the previous production output targets of Riverside from 10,000 tpa in 2023 to now match the KORE supply agreement volumes and any subsequent volumes from supply agreements the Company may enter. Equipment installation continues at Riverside as NOVONIX’s proprietary Generation 3 graphitization furnaces are being optimized ahead of the start of production to support KORE’s required volume.
NOVONIX Provides Update on Scaling U.S. Production of Synthetic Graphite Anode Materials
DECEMBER 20, 2022 AT 5:34 PM EST
BRISBANE, Australia, Dec. 20, 2022 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX, OTCQX: NVNXF) (“NOVONIX” or “the Company”), a leading battery materials and technology company, today announced an update on its plans to scale its U.S. production of high-performance synthetic graphite anode materials following the recent announcement that KORE Power, Inc. (“KORE”) closed its initial US$75 million of an anticipated total US$150 million in funding.
On January 31, 2022, NOVONIX signed an agreement to be the exclusive supplier of graphite anode material to KORE as part of a strategic partnership to advance the lithium-ion battery supply chain in North America. On November 30, 2022, KORE announced it closed the initial US$75 million of strategic financing from Siemens Financial Services and other strategic investors to support the construction of its KOREPlex facility in Phoenix, Arizona, which will begin commercial production in the fourth quarter of 2024. NOVONIX is expanding production of the Company’s Riverside facility in Chattanooga, TN to a target of 10,000 tpa output at full operation to support KORE’s requirement. This will begin at a rate of approximately 3,000 tpa in 2024 and ramp to approximately 12,000 tpa in 2028, to match KORE’s required volume.
NOVONIX
10,871 followers
1d • 1 day ago
NOVONIX is a leading domestic supplier of battery-grade synthetic graphite focused on large scale and sustainable production to advance the North American battery supply chain. With proprietary synthetic graphite process technology, R&D capabilities, and strategic partnerships, NOVONIX is providing revolutionary clean energy solutions to the battery industry.
https://hubs.li/Q01vh3hJ0
#EV #NOVONIX #batterymaterials #cleanenergy #sustainability #electricvehicles #NVX #batterysupplychain
https://www.linkedin.com/feed/update/urn:li:activity:7006330477871562752/
Zen Electric Bikes
721 followers
1d • 1 day ago
Follow
We had the pleasure of hosting Dr. Chris Burns, CEO-NOVONIX, and Mr. Nick Liveris, CFO-NOVONIX, at our E-bike production facility in Dartmouth. Dr. Burns and Mr. Liveris have transformed Novonix into a pioneering battery materials company globally, and we are previleged to be working with them. They were one of the earliest investors in Zen! and their immense knowledge and business experience will be critical as we develop long-lifetime batteries to advance E-mobility.
#lithiumionbatteries #electricalvehicles #novonix #innovation
#madeincanada
https://www.linkedin.com/feed/update/urn:li:activity:7004655165190369280/?origin=SHARED_BY_YOUR_NETWORK
No views Nov 29, 2022
NOVONIX Limited (ASX:NVX) CEO Dr Chris Burns discusses the company's positioning while Corporate Connect Research analyst Di Brookman discusses her new $5.76 price target.
NOVONIX to Participate in OTC Markets’ Small Cap Growth Virtual Investor Conference
NOVEMBER 29, 2022
https://novonixgroup.gcs-web.com/news-releases/news-release-details/novonix-participate-otc-markets-small-cap-growth-virtual
Novonix BTS
“The single crystal cathode development complements Novonix’s PUREgraphite anode product, both addressing the ultra-long-life battery performance requirements critical to the achieving the million-mile battery life being sought by leading electric vehicle automakers,” he said.
The single crystal manufacturing methods were developed through research funded by Novonix BTS, led by Professor Mark Obrovac at Dalhousie University.
Novonix owns all intellectual property rights over the techniques on an exclusive and royalty-free basis.
https://themarketherald.com.au/novonix-asxnvx-patents-single-crystal-cathode-tech-2020-06-09/
NOVONIX is comprised of 2 businesses: NOVONIX Battery Technology Solutions (BTS) based in Halifax and NOVONIX Anode Materials based in Chattanooga.
NOVONIX BTS, spun out of Dr. Jeff Dahn’s lab at Dalhousie University, provides the most accurate battery cell testing in the world. NOVONIX BTS’ equipment and cell testing services are used by leading battery makers, researchers and equipment manufacturers NOVONIX BTS offers an array of services including materials development, cell design, cell testing, and electrolyte analysis.
NOVONIX Anode Materials manufactures the world's best graphite anode material for lithium-ion batteries. Based in Chattanooga, TN, NAM is the only US supplier of graphite anode. Committed to developing the US battery supply chain, all of NAM's precursor materials and equipment are sourced in the USA.
https://www.youtube.com/@novonix434/about
NOVONIX Battery Technology Solutions (BTS) based in Halifax
Patents Assigned to NOVONIX BATTERY TESTING SERVICES INC.
Type: Grant
Filed: March 14, 2016
Date of Patent: August 20, 2019
Assignee: NOVONIX BATTERY TESTING SERVICES INC.
Inventors: Ryan Day, Jeff Dahn
https://patents.justia.com/assignee/novonix-battery-testing-services-inc
Patents Assigned to Novonix Corporation
https://patents.justia.com/assignee/novonix-corporation
NOVONIX
9,691 followers (Up 3000 followers) in 5-months
6h • 6 hours ago
Important announcement: Annual General Meeting – NOVONIX is inviting our shareholders to attend our AGM on October 26, 2022. Just click the link to view the webcast: https://hubs.li/Q01qtP9s0
#EV #ESG #NOVONIX #batterymaterials #cleanenergy #sustainability #electricvehicles #NVX #batterysupplychain
https://www.linkedin.com/feed/update/urn:li:activity:6990312573128601601/
I saw last night on the ASX it was up, I hung my head low 
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