- Li-S Energy (LIS) signs a memorandum of understanding with Insitu Pacififc to test and integrate its battery technology into Insitu’s range of uncrewed aircraft systems (UAS)
- The parties will collaborate to manufacture and test batteries to the same metrics and power constraints as the Insitu Pacific UAS
- The companies will then run a joint flight testing program at Insitu’s test range in Queensland to prove the performance gains
- Li-S Energy says it’s looking forward to demonstrating the benefits of Li-S Energy batteries
- Company shares are up 4.2 per cent to trade at $1.86
Li-S Energy (LIS) has signed a deal with Insitu Pacific to test and integrate its battery technology into Insitu’s range of uncrewed aircraft systems (UAS).
Established in 2009, Insitu Pacific serves defence customers across the Asia Pacific region as well as commercial customers globally. Insitu and its parent company are wholly owned by Boeing who’s regarded as a ‘global leader’ in aviation, aerospace and defence technology.
Under the memorandum of agreement (MoA), the parties will collaborate to define and execute a program to manufacture and test LIS’ batteries to the same size, weight, and power constraints as the Insitu Pacific UAS, as well as utilising the same payload space and connectors.
The companies will then run a joint flight testing program at Insitu’s test range in Queensland to prove the performance gains.
Li-S Energy, who only listed on the ASX in September this year, is focused on developing two new technologies for lithium-sulphur batteries. Through testwork, they’ve shown the potential to extend the batteries’ life cycle and create an alternative to lithium-ion battery technology.
LIS CEO Dr Lee Finniear commented on the MoA.
“As the market for UAVs continues to accelerate with new applications and capabilities, battery weight and energy density has become one of the most critical factors for UAV performance,” he said.
“We are looking forward to working with Insitu Pacific to demonstrate the benefits of Li-S Energy batteries in these applications.”
Company shares were up 4.2 per cent to trade at $1.86 at 11:48 am AEDT.