Total
0
Shares
Novonix (ASX:NVX) - Managing Director, Philip St Baker
Managing Director, Philip St Baker
Sourced: Novonix
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Novonix (NVX) says its research partner, Professor Mark Obrovac and his group, have developed a breakthrough method for making battery materials
  • The method is called dry particle microgranulation, or DPMG, and can be applied when making anode and cathode materials for lithium-ion batteries
  • Industry professionals have already praised the process, and Novonix has filed patent applications to protect it
  • Professor Obrovac believes the method shows great promise in reducing battery costs, increasing battery performance and reducing waste
  • Novonix’s shares have soared 38.5 per cent this morning and are trading for 45 cents each

Novonix (NVX) says its research partner, Professor Mark Obrovac and his group, have developed a breakthrough method for making battery materials.

The method can be applied to manufacture both anode and cathode materials for lithium-ion batteries and is called dry particle microgranulation (DPMG).

DPMG provides a method for synthesising highly engineered particles through the consolidation of fine materials, that may otherwise be waste, into particles that are suitable for use in lithium-ion batteries.

“DPMG provides an incredible opportunity to improve upon graphite manufacturing processes with higher yield, lower cost and improved particle performance and we are excited about deploying this technology to continue to further enhance the competitive advantage of our PUREgraphite manufacturing process,” Novonix Managing Director Phil St Baker said.

“In the Li-ion battery field, I believe this technology shows great promise for reducing battery costs and increasing battery performance; while simultaneously reducing the waste and environmental impact of battery production,” Professor Mark Obrovac said.

The results are already receiving praise from professionals in the industry and Novonix has already filed patent applications protecting the DPMG process.

Novonix’s shares have soared 38.5 per cent this morning and are trading for 45 cents each at 11:06 am AEST.

NVX by the numbers
More From The Market Herald
Poseidon Nickel (ASX:POS) - Managing Director & CEO, Peter Harold

" Poseidon Nickel (ASX:POS) receives Golden Swan MRE

Poseidon Nickel (POS) has unveiled a maiden mineral resource estimate for the Golden Swan deposit at its Black Swan Project in WA.
Cobalt Blue Holdings (ASX:COB) - CEO, Joe Kaderavek

" Cobalt Blue (ASX:COB) ends Q1 cashed up & focused on Broken Hill

Cobalt Blue (COB) closed out the September quarter with additional cash in the bank as it continues to advance its Broken Hill Cobalt

" Macarthur Minerals (ASX:MIO) completes geotechnical drilling at Lake Giles

Macarthur Minerals (MIO) has completed the geotechnical drilling program at its Lake Giles Iron Project in Western Australia.
Ionic Rare Earths (ASX:IXR) - Chairman, Trevor Benson

" Ionic Rare Earths (ASX:IXR) expands Makuutu project with new exploration license

Ionic Rare Earths (IXR) is ramping up its presence in Uganda, having secured a new exploration license to the northwest of its Makuutu