Novonix Ltd (NVNXF)

[Tesla Fandom]

Spinning off new ASX companies with Breakthroughs & Patents

Great find USgirls!

After reading the interview with Dr Chris Burns that you posted on Metals News, this answer from Dr Chris Burns below seems to insinuate that they are planning on spinning off new companies from these breakthrough EV and Grid Storage patents like the one Single Crystal Cathode + DPMG patent announced this week.

In recent announcements, we've showed that we are developing new technologies that can be applied outside of anode, including cathode, the manufacturing of NMC or NCA type materials. And we're looking at those as new opportunities for us to build new companies, to continue to support the need for a battery materials supply chain outside of China.

Dr. Allen Alper: Well, that sounds great. Could you tell our readers/investors your goals? What is your vision for the Company?

Dr. Chris Burns:Novonix strives to be a materials provider in the battery supply chain. Our goals now are focused on scaling our PUREGraphite business, supplying synthetic graphite anode product to Samsung SDI. And we've been working with Sanyo and have an MOU in place to further our testing program, in an effort to move toward a supply contract, and a number of other manufacturers. So our short term goals are to continue to grow the production capability and sales and revenue within PUREGraphite over the coming years, as well as through our research and development.

In recent announcements, we've showed that we are developing new technologies that can be applied outside of anode, including cathode, the manufacturing of NMC or NCA type materials. And we're looking at those as new opportunities for us to build new companies, to continue to support the need for a battery materials supply chain outside of China. That is really our goal, to build a supply chain for battery materials outside of Asia, to support the growth of battery manufacturing that's now in the United States and Europe.