RE: Development?6 Jan 2022 18:43
Taken from AGM statement 17th November
Transition to Volume Production
The development of our Ultra Energy cell (automotive and energy storage) and our Ultra High Power cell (automotive and aerospace), are moving towards UN38.3 certification, expected in December 2021 for the Ultra Energy cell and by March 2022 for the Ultra High Power cell. Both cells have been transferred to the UK Battery Industrialisation Centre ("UKBIC") to scale up production to speeds representative of a Gigafactory, which will demonstrate that the cell designs are capable of mass manufacture. Once certified, and being manufactured at high production rates, these cells will be available for release to potential customers which in some cases will be for extensive trials through inclusion in product development programmes.
The Ultra Storage cell is being designed for manufacture in Australia through our joint venture company, Bardan Cells Ltd, with UN38.3 certification expected by June 2022, and will be available for release to potential customers thereafter.
Client Engagement
We believe we are well placed to transition to volume production with over 79 active engagements in total, the majority of which are for supply of the Ultra Energy and Ultra High Power cells. Target customers include BMW, Arrival, a number of other leading brands in performance and commercial vehicles, energy storage operators and the UK's largest integrator of electric power trains. The negotiation of commercial offtake agreements will take place throughout 2022 with target customers who have acquired our battery cells for testing or who have made one-off orders for batches of cells.
Going by this certification for the Ultra Energy Cell could come any day.
Also as released the company is working with BMW & BP towards faster charging solutions & also looking at BMW vehicle dimensions to accommodate Amte cells.
The company seems to be going in the right direction & rubbing shoulders with big players. Fingers crossed If things go to plan 2022 could be a big year.