I can access it fine. The company behind a planned battery plant...

I can access it fine.

The company behind a planned battery plant in Townsville is working with a Formula 1 team on a high performance car.

Magnis Resources signed a four party joint development agreement with Dendrobium Automotive Limited, Dendrobium Advanced Technologies Limited and Charge CCCV LLC (C4V).

The agreement is to produce the next generation of high performance batteries, including semisolid state batteries.

An ASX announcement from Magnis said under the agreement a working group was started to develop and produce the batteries using technology developed by Magnis and C4V.
The technology is being developed for Dendrobium Advanced Technologies.
This company is an electric vehicle and plug-in vehicle hybrid development and production company with an “all-electrical hypercar”.

The ASX statement said the car was engineered to an advanced concept stage by Williams Advanced Engineering, which is part of the famous Williams F1 Group, to determine its “advanced technologies through dynamic performance”.
Magnis chairman Frank Poullas said the announcement was exciting for Magnis and was testament to its technology.

“To work with groups like Dendrobium, who have been developing their hypercar with Williams Advanced Engineering and who are at the cutting edge of EV performance engineering, is something that is thrilling for Magnis, its partners and shareholders alike,” he said.