Gelion opens new battery R&D facility

(Sharecast News) - Battery technology specialist Gelion opened a new research and development facility in Sydney, Australia, on Wednesday.

The AIM-traded firm said the facility, Strategically positioned adjacent to its existing research and corporate office, would be a significant step towards accelerating the development and market readiness of advanced cell prototypes.

It said the establishment was underscored by its technical progress in sulphur cathode chemistry and would be pivotal in advancing the prototyping towards cell development.

Notably, the company would integrate the intellectual property packages acquired from Johnson Matthey in March, fostering an amalgamation of innovative technologies to pave the way for pioneering advancements in battery technology.

Moreover, the new R&D hub would focus on building multilayer pouch cells - a prevalent soft battery design encapsulating battery components within a pouch casing akin to those used in mobile phones and laptops.

"The site has the capability to increase Gelion's prototyping toward cell development and the progressive commissioning of the capability commenced in late September," said chief executive officer John Wood.

"The opening of this facility further evidences the steady progress Gelion is making on its path to commercialisation.

"We are incredibly excited to be opening this research and development facility to increase capacity to ensure we optimise development of lithium sulphur for the rapidly expanding market."

Wood described lithium-sulphur as the next generation for electric mobility, potentially powering future transport.

"Gelion has built a large IP moat, and, with its highly skilled team of specialists, we are working towards our goal of delivering commercially viable and scalable, next generation battery chemistries."

At 1308 BST, shares in Gelion were down 2% at 24.01p.

Reporting by Josh White for Sharecast.com.