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surfkast

11/28/22 10:49 PM

#3258 RE: gaardo #3255

May 5, 2022 CALGARY — Volt Carbon Technologies Inc. announces that it recently opened a lithium-ion battery Research and Development Facility in Guelph, Ontario and its Solid Ultrabattery Inc. division built the first batch of 8 layer lithium-ion pouch cells using NMC811 cathode chemistry paired with a graphite anode.

The Company will continue cycle testing of the Pouch Cells until overall performance can be quantified over a substantially higher number of cycles and charge/discharge rates. At this time, the test results of the Pouch Cells have not been independently verified.

The facility at 590 Hanlon Creek Blvd in Guelph has been fully operational since December 2021. Since then, the company has began to ramp up its engineering resources and capabilities in battery research, development and engineering as it attempt to validated its solid electrolyte battery technology for commercialization. The Company plans to continue to build and optimize its battery designs with a goal of developing high energy dense solid electrolyte battery that exceeds current industry norms.

https://www.canadianmanufacturing.com/manufacturing/volt-carbon-technologies-announces-first-batch-builds-of-their-lithium-ion-batteries-and-test-data-281399/