Half Year Report
Half Year Report
Brisbane, Mar 15, 2019 AEST (ABN Newswire) - Your directors present their report on NOVONIX Limited (ASX:NVX) (referred to hereafter as the 'consolidated entity') for the half-year ended 31 December 2018.

HALF-YEAR HIGHLIGHTS

- PUREgraphite due diligence undertaken ahead of ownership increase to 75% in January 2019.

- Completed manufacturing for first suite of commercial furnaces (acceptance January 2019)

- Received first group of commercial milling equipment, and ordered balance of initial plant

- Planned product trials with multiple global battery makers (trials commenced January 2019)

- Continued product trials in Tennessee facility with US-based beachhead customers

- Evaluated and short-listed industrial properties suitable for scaling the business above 1,000tpa

- Commissioned the NOVONIX pilot battery cell manufacturing facility in Halifax, Canada

- Commenced NOVONIX's internal electrolyte materials R&D program in Halifax

- Continued growth in forward sales for BTS equipment and services, aiming for 30%+ YOY

- R&D partnership signed with Dalhousie University and filed first patent application in December 2018

- Filed US provisional patent for Silicon Infused Graphite for anode material (publication pending)

- Awarded C$487,693 R&D support grant from Government of Canada (NRC IRAP)

- Andrew Liveris AO formally appointed to the NVX Board in July 2018

- A$5.5m raised through the issue of convertible loan notes in July 2018 to fund working capital as the business transitions into production

- A$10.9m funding arranged for exercise of PUREgraphite call option (completed January 2019)

To view the full report, please visit:
http://abnnewswire.net/lnk/S8R7EQ7I


About NOVONIX Ltd

Graphitecorp Ltd ASX GRANOVONIX Ltd (ASX:NVX) (FRA:GC3) is an integrated 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 14 countries.

NOVONIX is majority-owner of the PUREgraphite battery anode material Joint Venture, headquartered in Chattanooga, Tennessee, USA.

NOVONIX's mission is to accelerate the adoption of batteries for a cleaner energy future.

 


Contact

Greg Baynton
Executive Director
Phone: +61-414-970-566
Email: greg@novonixgroup.com

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



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