Volt Carbon Technologies Inc (TORVF)

[Zardiw]

370 Cycles with 100% capacity. LithiumTech: $TORVF

Volt Carbon Technologies Releases Mid Year Test Results for its Lithium-ion Battery and Provides Operational Update
Press Release | 07/24/2023

Calgary, Alberta, Canada, July 24, 2023 (GLOBE NEWSWIRE) -- Volt Carbon Technologies Inc. (“Volt Carbon” or the “Company”) (TSX-V: VCT) (OTCQB: TORVF) is pleased to announce the release of its mid-year test results for its proprietary lithium-ion battery. Alongside these results, the Company is pleased to provide a comprehensive operational update. The lithium-ion batteries were manufactured at Volt Carbon's subsidiary, Solid Ultrabattery’s facility located in Guelph, Ontario. These latest results represent the achievements of Solid Ultrabattery's facility during the first six months of 2023 and build upon the previous results released on January 17, 2023.

Highlights

The battery pouch cells were manufactured using the Company's proprietary technology, which incorporates composite electrolytes to enhance cycle life and battery stability. These cells were assembled with the Company's custom electrolytes and membranes, combined with the high-energy cathode NMC811 and lithium metal, resulting in fabrication of the advanced battery cells.

In summary, the lithium metal pouch cells have demonstrated substantially improved performance with 370 cycles at nearly 100% capacity (see Figure 1). These results significantly surpass the previous findings from coin cell data, which showed 400 cycles at 81.8% capacity and were reported earlier this year.

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