Business
Braille Energy Systems Inc. Signs MOU with Australian Battery Casing Technology Company Vaulta
OTTAWA, ON / ACCESSWIRE / May 10, 2021 / Braille Energy Systems Inc. (formerly Mincom Capita...
About this update from Braille Energy Systems, Inc.
[{"type":"text","content":"Braille Energy Systems Inc. Signs MOU with Australian Battery Casing Technology Company VaultaOTTAWA, ON / ACCESSWIRE / May 10, 2021 / Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V:BES) (\"BESI\" or the \"Company\"), a global leader in the lithium-ion battery starter market, is pleased to announce that it has signed a Memorandum of Understanding (\"MOU\") with Australian battery casing company Vaulta (Battery Graphene Corp Pty Ltd). Vaulta uses a unique graphene technology in its cases which provides thermal benefits and allows for a more efficient assembly process. Braille plans to utilize this technology as a differentiator while it continues to expand into additional new markets.Under the terms of the MOU, both companies will work together to co-develop new battery products to bring to the market. Heat can be damaging to batteries and by using Vaulta's graphene case solution, heat will spread evenly throughout the pack which will enhance safety and extend cycle life of the battery. Through Braille's extensive network in automotive starter batteries, Vaulta's cases can be put to test immediately in harsh conditions that batteries are regularly exposed to, thus helping expedite bringing the technology to market.The execution of this MOU creates a framework by which both parties can work collaboratively to establish viable projects and marketing activities to achieve increased market penetration and revenue potential. Additionally, both entities will explore and identify cost effective domestic (North America) manufacturing.\"We are very pleased to sign this important MOU with Vaulta related to battery casing technology. Combined with our reputation and commitment to providing our customers with high quality battery solutions, this partnership will continue to set Braille up as a market leader for years to come. Vaulta's battery casing technology will also deliver savings in manufacturing costs, weight and space to utilise in a wide range of applications, while greatly increasing efficiencies in safety and workforce deployment. Spooner saw an opportunity to reinvigorate battery casing design which has languished. The new designs, made to fit customers' requirements, use a unique blend of graphene and polymer. These ingredients, along with other composites, allows for dramatic improvements in weight, strength ...