- The Government of Canada invests $500,000 in NOVONIX Battery Testing Services Inc by way of an interest free loan to help further develop and market NOVONIX's innovative battery testing technology
- The funding was announced by The Honourable Kirsty Duncan, Minister of Science, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA). Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, also took part in the event.
- The federal funding is being allocated through ACOA's Business Development Program which supports small and medium-sized enterprises.
- Over 70 people attended the announcement including NOVONIX founders Dr Chris Burns and Dr David Stevens and Professor Jeff Dahn from Dalhousie University where NOVONIX Battery Testing Services Inc was spun out from
To view the news release issued today August 29, 2017 by the Government of Canada's Atlantic Canada Opportunities Agency (ACOA), please visit:
About NOVONIX Ltd
NOVONIX Ltd (ASX:NVX) is a developer and supplier of high performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in over a dozen countries.
NOVONIX's mission is to accelerate the global development and adoption of Lithium Ion Battery technologies for a cleaner energy future.
Through both its high-performance battery materials and its highest-accuracy battery testing equipment, the Company aims to enhance the performance and reduce the cost of EV-standard and energy storage batteries.