Business
NexTech Batteries Partnership Progresses
NexTech Batteries Partnership Progresses.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9531A\n Directa Plus PLC\n 07 June 2021\n \n \n \n \n This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.\n \n \n \n \n 7 June 2021\n \n Directa Plus plc\n (\"Directa Plus\" or the \"Company\")\n \n Partnership with NexTech Batteries Progresses\n NexTech forms Italian subsidiary to evaluate production in Europe\n \n Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that its customer NexTech Batteries Inc. (\"NexTech\") has formed a wholly owned Italian subsidiary, NexTech Italia SpA (\"NexTech Italia\"). NexTech Italia has been established with the initial objective being to evaluate the feasibility of producing cathode active materials in Italy, using Directa Plus's G+® graphene nanoplatelets, for the manufacture of Lithium-Sulphur (Li-S) batteries throughout Europe, in order to accelerate the technology's commercialisation.\n \n The formation of the Italian subsidiary follows an MOU between Directa Plus and NexTech, agreed in October 2020, to test G+® products in the synthesis of cathode active materials for NexTech's first generation of Li-S batteries. In February 2021, the two companies entered into a three year exclusive Supply Agreement and opened a joint laboratory to conduct R&D for the development of next-generation battery cathode active material and to support the growth of current and future applications.\n \n \n \n NexTech Italia SpA is temporarily located within Directa Plus's facilities in Lomazzo, northern Italy. The Company's experience in Italy and throughout Europe means that it is well placed to help NexTech find the right permanent location where technology and expertise converge to support NexTech's establishment and growth in...