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Soluna Holdings’ MTI Instruments Division Enters Advanced Qualification Stage for Electric Vehicle Battery Measurement Device with Several Major Automotive OEM Manufacturers
NEW YORK, Dec. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision
About this update from Soluna Holdings, Inc.
[{"type":"text","content":"NEW YORK, Dec. 16, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Soluna Holdings, Inc. (Nasdaq: SLNH), MTI Instruments division, a manufacturer of precision tools and testing equipment for electronics, aviation, automotive, power and other industries, today announced that it has entered into the advanced qualification stage for its electric vehicle (EV) battery measurement device with several major automotive OEM manufacturers. Moshe Binyamin, President and CEO of MTI Instruments, commented, “We committed to shareholders that we would communicate with them as we began to get traction in the growing and large EV Battery manufacturing segment. I am pleased to report, we are gaining serious traction.” Binyamin further added, “In fact, one-system integrator working with a major European automotive manufacturer, recently ordered an additional system to accelerate the final testing and adoption of MTI’s thickness monitoring solution into their manufacturing process.” Background and System Details Five systems integrators approach MTI: Beginning in late 2020, MTI was approached by as many as five separate system integrators working on EV battery manufacturing to aid with monitoring the thickness of EV battery elements including the dielectric separator. All constituent elements of the EV battery \"basic element\" involves exacting precision in material thickness and design compliance for both performance and safety resulting in lower unit costs. MTI has established the core measurement approaches required to measure the key element in a high-volume domain. The measurement requirement is to deliver a material thickness measurement system that can repeatedly measure in-situ material thickness with micron level accuracy. MTI has been conducting the qualification trials since early 2021 and despite pandemic challenges, MTI’s OEM partners are reporting positive progress. Link to more information on MTI’s Accumeasure EV System: https://mtiinstruments.com/applications/measure-ev-battery-plate-thickness/ Why the measurement system is important: The EV battery market is experiencing exponential interest and demand and a precise measurement system is essential to optimize battery range, capacity and lower unit costs. If material in the battery is too thin there is a risk of overheating and a possible breach but if the separator is too thick the b...