Focus Graphite signs MoU with Australian battery box technology company Vaulta and lithium battery maker Braille Energy Systems Inc.
KINGSTON, ON / ACCESSWIRE / May 10, 2021 / Focus Graphite inc. (TSX-V: FMS) (the “Company” or “Focus Graphite”) announced today that it has signed a Memorandum of Understanding (“MOU”) with Australian battery box technology company Vaulta ( Battery Graphene Corp Pty Ltd) and Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V: BES) to use collective company resources to identify opportunities for collaboration for battery advancement in segments key markets.
Under the MOU, the companies will work together to conduct market analysis to identify new areas of interest and co-develop products. The companies plan to combine resources to assess, design methodologies and use advanced materials suitable for product development in the end market. Specifically, on March 1, 2021, Focus Graphite announced the filing of a provisional patent application entitled: “Advanced anode material comprising improved graphite particles of spheroidal silicon and a process for making it.” The present invention relates to the field of electrode materials and in particular to methods of manufacturing materials for use as a new generation lithium-ion battery anode material.
Executing this MOU creates a framework within which all parties can work collaboratively to establish viable projects and marketing activities to increase market penetration and revenue potential. In addition, the entities will explore profitable domestic (North America) manufacturing.
“We are very pleased to sign this important Memorandum of Understanding with Vaulta as well as Braille to advance battery technologies, which provides an opportunity to leverage the resources, strengths and talent of collective societies,” said said Marc Roy, CEO of Focus Graphite. “We will also remain focused on achieving our development milestones to bring the company’s graphite projects into production. By working with Vaulta and Braille, Focus Graphite reinforces its commitment to a cleaner, low-emission future by using our graphite resources to power the next generation. generation of electric vehicles and other end markets.
“We are delighted to be working with these companies to bring new battery technologies to market. The light weight of our innovative cases, Focus Graphite technology and high quality flake graphite will be a real asset in next generation batteries and other applications in North America and Canada, ”said Vaulta founder, Dominic Spooner.
This press release may contain certain forward-looking information and statements, including, without limitation, bid closing, statements regarding the use of proceeds and the Company’s ability to obtain necessary approvals from the Venture Exchange. TSX. All statements included in this document, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of the assumptions used in developing this forward-looking information and a description of the risk factors that could cause actual results to differ materially from the forward-looking information can be found in Focus Graphite’s disclosure documents on the SEDAR website at address www.sedar.com. The Company does not undertake to update forward-looking information, except in accordance with applicable securities laws.
Vaulta is a battery box technology company based in Brisbane, Australia. Its globally unique design allows battery manufacturers to save money, time, weight and space to use in a range of vehicles, while dramatically increasing the efficiency of safety and deployment of Workforce.
About Braille Energy Systems Inc.
Braille Energy Systems Inc. owns an 89.95% interest in Braille Holdings Inc., which owns a 100% interest in Braille Battery Inc. Braille Battery is an established battery manufacturing and energy storage company that supplies batteries to the professional motorsport industry and the pioneer of a full line of high power lightweight battery systems for the transportation market. Braille Energy Systems (BESI) will expand its market penetration to a wider range of market segments that require lightweight, high performance energy solutions, using the most scientifically advanced materials. For more information on BESI and Braille Battery products, please visit our website at: www.brailleenergysystemsinc.com or www.braillebattery.com.
Contacts for investors of Braille Energy Systems Inc .:
About Focus Graphite
Focus Graphite Inc. is an advanced exploration company whose objective is to produce lamellar graphite concentrate in its wholly owned Lac Knife and Lac Tétépisca lamellar graphite projects located in the Côte-Nord administrative region of Quebec. Secondly, to respond to the interests of Quebec stakeholders in the development of secondary processing industries in the province and to add value for shareholders, Focus assesses the feasibility of producing value-added specialty graphite products. including battery grade spherical graphite.
Focus Graphite is a technology-driven graphite development company with a vision to create sustainable long-term shareholder value. Focus also owns a significant stake in graphene application developer Grafoid Inc. For more information on Focus Graphite, please visit www.focusgraphite.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Focus Graphite inc.