Titanate batteries are not new because Toshiba have been making them for Mitsubishi for years albeit at a lower volts for the Japanese domestic market but UTR has a improved titanate anode ? from the Israel/Singapore collaboration and hence the LTX/UTR IPO that is yet to be patented ? as there's no working battery just yet ? and the higher voltage came about from the exclusive electrolyte deal that also were given shares in UTR ? which combined lead to a battery that lasts a lot longer than current technology lithium ion batteries and have no thermal run away problems which lead to safety issues of over heating and can be fast charged to 80% capacity within 20 minutes from what I have gathered from along the way since following this stock from the ASX LTX RTO.
I've been following UTR because if the above is correct which from what I've followed over a long period of time time now since Lithex resources days then UTR could be a dynamic stock to own. It's just a shame they didn't manufacture a lithium battery after the electrolyte deal but that is now comming with the Blitz electric scooter deal problem being UTR don't have much money.
If it's as good as what it appears to be though as we don't know only the insiders know by now someone's laughing all the way to the bank picking up your cheap shares for cheap accumulating.
A $500 minimum investment could go a long way in the future at the current never been so low share price.
Maybe they should have just sold the intectual property to Toshiba or can get a foot in the door to speed things up but this way everyone can if it's as good as what it may well be under patent but Toshiba is most likely still tarnished from selling secrets to the opposition.
Whoevers sold has lost money and just might be missing out on a once in a lifetime opportunity.
UTR Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
