MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: US$52M Term Sheet Signed for New York Battery Plant, page-92

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  1. 328 Posts.
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    I 100% think they do all there analysis and research at the multi-million dollar facility at Binghamton Universities centre of excellence. It's great that they're able to utilise all this equipment without having to purchase or lease it themselves. Very smart of them. They have also utilised the Kodak Cell Assembly Centre and best test and commercialisation centre at the Eastman Business Park. Plenty of work has been going on for a number of years.

    I do not think however that iM3 will be producing 1GWh capacity of batteries from this facility. I'm confused, are you expecting iM3 to move the Alevo equipment from Endicott to Binghamton and set up the factory at the centre of excellence?
 
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