NOVONIX Ltd (ASX:NVX) (FRA:GC3) announces the Government of Canada is investing $500,000 in Novonix Battery Testing Services Inc. to help the company's team further develop and market its innovative battery testing technologies.

HIGHLIGHTS

- 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

NEWS RELEASE

To view the news release issued today August 29, 2017 by the Government of Canada's Atlantic Canada Opportunities Agency (ACOA), please visit:
http://abnnewswire.net/lnk/SDX1QBDJ


About NOVONIX Ltd

NOVONIX Limited (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.

 

Contact

Ann Marie Paquet
Press Secretary
Office of the Minister of Science
Phone: 343-291-2692
E-mail: ann-marie.paquet@canada.ca

Alex Smith
Director, Communications and Outreach
Atlantic Canada Opportunities Agency
Phone: 902-426-9417 / 902-830-3839 (cell)
E-mail: alex.smith@canada.ca

Dr. Chris Burns
President and CEO
NOVONIX Battery Testing Services Inc.
Phone: 902-449-9121
E-mail: chris.burns@novonix.ca

Further information:

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



Link: Govt of Canada invests $500k in NVX Funding Announcement



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