UltraCharge Enters into partnership with Sinochem for Electrolyte Production
As previously announced, UltraCharge has acquired a high performing, low cost electrolyte solution from Coorstek Specialty Chemicals, a US based company. The Company’s Electrolyte IP will enable the production of a superior electrolyte salt (LiFSI salt) which can increase battery lifespan and performance. Sinochem Lantian is one of the few companies in the world which has the capacity to produce LiFSI salt.
UltraCharge to acquire evolutionary new LIB Cathode IP
ETV Energy has developed a lithium ion battery which contains a high voltage LiMnNO cathode that is half the cost of commercial cathodes. Its battery solution offers advantages in terms of the voltage, energy capacity and power capacity. UltraCharge anticipates greater market opportunities through the ability to license out the cathode IP, the full battery solution and/or combine the high voltage cathode with UTR’s fast charging, longer life span anode to produce a new and improved battery. Immediate markets for the high voltage cathode include aviation, power bikes and defence, each valued between US$100 – 500 million. The Company anticipates revenues within 18 – 24 months.
UTR Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
