Novonix Ltd (NVNXF): NOVONIX 4,349 followers 1d • 1 day ago...

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Followers	53
Posts	11271
Boards Moderated	9
Alias Born	06/25/2009

Re: futrcash post# 262

Tuesday, 01/25/2022 9:32:32 PM

Tuesday, January 25, 2022 9:32:32 PM

NOVONIX
4,349 followers
1d • 1 day ago

We are thrilled to announce that today we have signed a letter of intent to enter into supply and investment agreements with KORE Power. Pending board approvals of both companies and the execution of definitive documentation, NOVONIX will acquire an approximately 5% stake in KORE Power and will become the exclusive supplier of graphite anode materials to KORE Power’s large-scale battery cell manufacturing facility in the U.S. “NOVONIX and KORE Power have been actively working together to improve battery technology utilizing NOVONIX’s proprietary cell testing technologies, and these agreements deepen our longstanding collaboration. We are reducing the reliance on foreign materials and furthering the United States’ position as a global energy storage leader by providing high-capacity long-life synthetic graphite anode material to a leading domestic developer.” (NOVONIX CEO Chris Burns, Ph.D)
#NVX #NOVONIX #USA #batterytechnology #sustainability #cleanenergy KORE Power
Full release: https://hubs.li/Q012Ny2M0

https://www.linkedin.com/feed/update/urn:li:activity:6891524727685681152/

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