- Strategic Elements has declared that it has achieved a significant milestone with its moisture-based battery technology producing more than a milliamp of electrical current from humidity in the air.
- The Company’s objective was to fabricate prototype Battery Ink cells targeted towards this sector producing one milliamp of electrical current.
- Post this announcement, shares of Strategic Elements dropped by over 4% to trade at AU$0.315 on the ASX.
ASX-listed diversified financial Company Strategic Elements Ltd (ASX:SOR) announced that it has achieved an important milestone with its moisture-based battery technology producing more than a milliamp of electrical current from humidity in the air. Prototype Battery Ink cells produced 100mAh of electric charge over 3 days. The milestone of milliamp-range current output is a significant achievement as it increases the potential array of applications that could be powered by the technology.
Post this announcement, shares of Strategic Elements dropped by 4.546% to close today’s trade at AU$0.315 on the ASX.
The electronic skin patch sector is the commercial focus for the technology initially, as it produced US$10 billion in revenue in 2019 and is forecast by IDTechEx to grow to nearly US$40 billion by 2030. It also has lower requirements (e.g. duration, current, voltage) than other electronics sectors.
According to today’s announcement, the Company has successfully fabricated a 6cm x 6cm prototype achieving over 1mA (milliamp) of current output under load over a 35-hour testing period. The prototype Battey Ink cells produced over 100 mAh (milliamp hours) of electric charge over 3 days. Battery Ink cells could either be used to directly power a device such as the above or compliment a battery to extend device life. These different use cases provide alternative commercialisation and partnering options for the Company.
Significant further improvement in performance is expected over the next few months as the prototype ink becomes increasingly optimised for use in screen printing equipment.