Business
Lithium Sulfur IP Acq + Innovation Challenge
Lithium Sulfur IP Acq + Innovation Challenge.
About this update from Gelion Plc
[{"type":"text","content":"\n \n 13 March 2023\n \n \n Gelion plc\n \n \n (\"Gelion\", \"the Group\" or the \"Company\")\n \n \n \n Lithium sulfur IP acquired from University of Sydney and\n \n \n \n \n selected for Supercharge Australia Innovation Challenge\n \n \n \n \n \n Gelion (AIM: GELN), the Anglo-Australian battery storage innovator, is pleased to provide the following update:\n \n \n \n \n Lithium Silicon Sulfur\n \n (\"LiSiS\")\n \n \n \n \n \n Acquisition of intellectual property assets from the University of Sydney\n \n \n \n \n \n \n ·\n \n \n \n Following the recent acquisition of the IP portfolio from Johnson Matthey announced on 9 March 2023, Gelion announces the acquisition of intellectual property assets (\"IP\") in relation to sulfur cathodes, electrolytes and additives from the University of Sydney (\"University\"). The IP was previously exclusively licenced to Gelion under a grant made by the University in 2021 which provided Gelion with an option to acquire the IP for A$130,000. Post the Johnson Matthey acquisition, Gelion decided to use the option as we assess the strategic importance, and the value of this IP is significantly higher given the technological progression made by Gelion in the sulfur cathode space creating a pathway of accelerated commercialisation. This acquisition also includes future cooperation from the University including all right, title and improvement made by the University to the IP in the future.\n \n \n \n \n \n ·\n \n \n \n This acquisition along with the Johnson Matthey IP portfolio (\"Combined IP\") provides Gelion with greater flexibility in its Lithium Sulfur and Lithium Silicon Sulfur offerings, and our objectives toward supporting graphitic and high silicon as well as lithium metal anodes, improving overall lithium-ion battery safety, increasing gravimetric energy density and achieving lower costs. This acquisition reflects Gelion's commitment to accelerated technology development along this path.\n \n \n \n \n \n ·\n \n \n \n Concurrently Gelion, in partnership with other major industry participants, is exploring the potential to establish a pilot scale manufacturing capability in the LiSiS space.\n \n \n \n \n \n \n \n \n Selected in the Supercharge Australia Innovation Challenge\n \n \n \n \n \n \n ·\n \n \n \n Selected by Supercharge Australia to take part in the \"S...