Quarterly Activities Report
Quarterly Activities Report
Brisbane, Oct 31, 2019 AEST (ABN Newswire) - NOVONIX Ltd (ASX:NVX)(FRA:GC3) provide the Quarterly Activities Report for the period ending September 2019.

PUREgraphite activities and outlook

July - September activities

- PUREgraphite anode product now qualified for use by two global battery makers with volume and price discussions underway

- Positive feedback from product evaluations by other global battery makers and second stage product evaluation programs agreed

- Construction of the Phase 1 commercial plant continued

- Unplanned delays in delivery and installation of some critical pieces of equipment (previous notified to the market)

- Now forecasting first commercial production to occur in November

- Expecting it will take three to six months to get operations running steady at an optimal level with the current technology being adopted

- Further expansion of capacity beyond 500 tpa will be based on customer demand

- PUREgraphite now integrated/supported by NOVONIX's expanded battery technology services team in Halifax

October - December 2019 outlook

- Material evaluation ongoing with potential customers

- Ongoing product customization for customers

- Customer volume and price negotiations

- Preparation for engagement with more customers

- Commissioning of Phase 1 Commercial Plant

- First commercial production milestone

- Optimisation of new processing technologies

- Ongoing planning for scaling the business in 2020

- Ongoing process technology development

- Ongoing product development

BTS activities and outlook

July - September activities

- Patent application filed for particle aggregation technology for making high performance materials

- Completion and delivery of large customized battery test system for global brand client incorporating concurrent high precision measurement of voltage, current, impedance, swelling and temperature while cycling the cell - possibly a world first

- Commenced multiple cell testing projects with several new customers including global brand names

- Commenced multiple battery materials and cell design programs with several new customers

- Expanded the battery technology and testing services team to meet the rapidly growing customer demand for NOVONIX services

October - December 2019 outlook

- Continued steady growth of our battery technology and testing services business

- Publishing and presentation of white papers on NOVONIX's flagship DTA and HPC technologies as part of refreshed marketing program

- Expansion planning for the technology services side of the business for 2020

- Further R&D on recent materials and manufacturing method inventions associated with silicon infused graphite materials, dry processes of dry process for modifying and coating cathode particles

- Ongoing support of the PUREgraphite business in terms of slurry making, electrode making, battery making, battery testing and materials customization and improvement

Corporate activities and outlook

July - September activities

- Ongoing high-level support for PUREgraphite business development including a composite board and management working group and customer visits

- Increased top-level engagements and activations with prospective global customers including leverage of extensive personal networks

- Strategic review of the group with a focus on promising growth opportunities and geographies for PUREgraphite and BTS

- Completion of FY2019 financial audit and accounts

- Ongoing statutory and other reporting activities

- Ongoing investor meetings and communications

- No activity or changes to exploration tenements

October - December 2019 outlook

- Corporate support with development of off-take agreements / sales contracts and expansion of business development activity in general

- Corporate guidance and oversight to the establishment of commercial scale production at PUREgraphite in expanded premises

- Detailed planning and preparation for 2020

To view the Quarterly Report, please visit:
https://abnnewswire.net/lnk/14RGTYYX


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



Related Companies

NOVONIX Ltd    

ABN Newswire This Page Viewed:  (Last 7 Days: 29) (Last 30 Days: 78) (Since Published: 1223)