Brisbane, Sep 28, 2017 AEST (ABN Newswire) - NOVONIX Ltd's (ASX:NVX) Board and management are excited by the opportunities for NOVONIX in the delivering new high-performance battery materials (anode materials and electrolytes) and the world's highest performance battery testing equipment in the year ahead.

HIGHLIGHTS

- downstream integration into high value, high growth battery materials market

- production JV with leading USA-based anode materials development group

- acquisition of leading battery testing equipment and services company

- completion of $16.3 million capital raising to fund strategic transactions

- successful implementation of all transactions

- Mount Dromedary Graphite Project mining lease application lodged

FY2017 saw the company expand and diversify strategically via downstream integration into the high growth US$20 billion global rechargeable lithium-ion battery (LIB) market.

These transactions and subsequent business development undertaken during the year have transformed the company from a developer of a natural graphite deposit into a developer and supplier of high performance battery equipment, services and materials.

Today NOVONIX Limited (ASX:NVX) has operations in the USA and Canada and sales and equipment deployed in over a dozen countries.

The NOVONIX group now includes a Battery Testing Services business headquartered in Canada which produces the most accurate lithium-ion battery cell test equipment in the world now used by leading battery makers and researchers and equipment manufacturers including Apple, TESLA, PANASONIC, CATL, BOSCH, Dyson, 3M, and Alcatel-Lucent. This business was acquired on 1 June 2017, and as such, only one month of operation occurred within FY2017.

NOVONIX, via its PUREgraphite joint venture with Coulometrics, is planning to develop and manufacture ultra-high purity high performance battery anode materials in the USA. PUREgraphite anode materials are aimed at meeting the most demanding applications which include electric vehicles and energy storage. The PUREgraphite joint venture was established 1 April 2017 and as such, included only three months of operations within the NOVONIX group within FY2017.

To view the annual report, please visit:
http://abnnewswire.net/lnk/KS32K3HQ


About NOVONIX Ltd

Graphitecorp Ltd ASX GRANOVONIX Ltd (ASX:NVX) is a leading alternate, competitive, secure and sustainable supplier of ultra-high-purity battery materials, equipment and services suitable for highperformance, mission-critical, and EV-standard Lithium Ion Batteries in the global market.

 


Contact

Suzanne Yeates
Company Secretary
Phone: +61-439-310-818
Email: contact@graphitecorp.com.au
Website: www.graphitecorp.com.au

Philip St Baker
Managing Director
Phone: +61-438-173-330
Email: phil@novonixgroup.com
Website: www.novonixgroup.com



Related Companies

NOVONIX Ltd    

ABN Newswire This Page Viewed:  (Last 7 Days: 70) (Last 30 Days: 154) 
ANALYTICS: LOGIN HERE

NOVONIX Ltd NEWS: RECENT VISITS (3649)