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Magnis drops a day after inking joint agreement with electric hypercar manufacturer, Dendrobium

  • September 19, 2018 05:49 AM AEST
  • Team Kalkine
Magnis drops a day after inking joint agreement with electric hypercar manufacturer, Dendrobium

Graphite exploration company Magnis Resources Limited yesterday unveiled that it has inked a Joint Development Agreement (JDA) with electric hypercar manufacturer Dendrobium. The company said it is a four party Joint Development Agreement (JDA) with Dendrobium Automotive Limited (DAL), Dendrobium Advanced Technologies Limited (DATL) and Charge CCCV LLC (C4V) to produce the next generation high performing batteries including semi-solid state batteries.

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Magnis Chairman Frank Poullas commented: “Today’s (18 September 2018) announcement is exciting for Magnis and testament to our technology. To work with groups like Dendrobium, who have been developing their e-hypercar with Williams Advanced Engineering and who are at the cutting edge of EV performance engineering, is something that is thrilling for Magnis, its partners and shareholders alike.”

Under this agreement, a working group will develop and produce the next generation high performance batteries using C4V’s Gen2 battery technology along with semi-solid state battery technologies for hypercar manufacturer DAL.  The announcement said that area of co-operation will include battery packaging solutions, battery hybrid systems, battery management software, battery performance testing and battery development materials.

New York based lithium-ion battery producer C4V has been at the forefront of developing and acquiring technologies that are drop-in to existing supply chains as well as manufacturing footprints to improve performance and reduce cost to make them commercially viable. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

Company profile of all the four partners:

Dendrobium Automotive Limited- DAL is an UK-based electric vehicle and plug-in hybrid vehicle development and production company which produces an all-electric hypercar ‘D-1’, engineered to an advanced concept stage by Williams Advanced Engineering Limited part of the Williams Formula1 Group.

Dendrobium Advanced Technologies Limited - DATL is a private advanced engineering company specializing in performance technology and component design and development including battery development and packaging systems for EV’s and PHEV’s. It is located in London, UK.

Charge CCCV LLC- C4V is a New York based lithium-ion battery manufacturer. The company specializes in electrode design and process development to create next-generation lithium-ion batteries. The battery manufacturer works alongside a commercial supply chain to fine-tune the compositions, chemical structures, electrode processing and particle morphologies techniques for customized applications like grid back-up, electric vehicle (EVs), aviation, and portable electronics.

Magnis Resources Limited - MNS is an Australian graphite exploration company. The company primarily operates under metal and mining sector but lately it has been advancing into battery technology to become the world’s largest lithium-ion battery cells manufacturer. Nachu Project near Ruangwa, in Southern Tanzania is a key graphite asset of the company.

Despite announcing four party joint development agreement, MNS was trading at $0.350 on 18 September 2018 and has seen a performance change of -36.36% over the past 12-month period. The stock then slipped by 2.86% on 18 September 2018 (AEST 3 PM).

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