Magnis Energy Technologies Limited Major Battery Advancements

- February 3rd, 2020

Magnis is pleased to announce that partner, Charge CCCV (“C4V”), has recently fulfilled another commercial agreement with MARTAC.

Magnis Energy Technologies Limited (“Magnis”, or the “Company”) (ASX:MNS) is pleased to announce that Magnis partner, US lithium-ion battery technology group, Charge CCCV (“C4V”), has recently fulfilled another commercial agreement with MARTAC to be deployed in its high- tech, mission critical applications along with new lithium-ion cell data. Magnis owns 10% of C4V, and between the two groups own over 90% of iM3NY.

Highlights:

  • C4V completes another significant commercial order for MARTAC’s mission critical applications.
  • The United Kingdom Government will soon take delivery of a new craft utilising C4V batteries.
  • Batteries created using BMLMP cathode technology data projecting a battery life of 11,000 cycles, equivalent to 30 years with daily charge discharge.

Click here to read the full ASX Announcement

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