Highlights
The battery cells were fabricated using the company’s proprietary technology which include; 1) a metal organic framework (MOF) membrane which utilizes nanotechnology to achieve high ionic conductivity. 2) composite electrolytes that improve cycle life and battery stability. The Company’s own electrolytes and membranes were assembled with the high energy cathode NMC811 and lithium metal to make the battery cells.
In 2022, the Company successfully developed, tested and implemented a proprietary non-flammable composite electrolyte intended to improve fire safety of lithium metal batteries. The test data presented in this press release include the newly developed non-flammable electrolyte which was used in the battery batch builds. The new non-flammable composite electrolyte is expected to positively impact the safety of the Company’s lithium metal battery by reducing probability of thermal runaway and battery fires.
In summary; Lithium metal coin cell batteries have achieved 400 cycles at 81.6% capacity (see Figure 1). The lithium metal pouch cell batteries have achieved 265 cycles at 81.8% (see Figure 2).
Fig. 1: NMC811 Lithium Metal Coin Cell, Charge/Discharge data, C/3, 25 °C
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Fig. 2: NMC811 Lithium Metal Pouch Cell, Charge/Discharge data, C/3, 25 °C
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Next Steps
The Company’s goal is to exceed 800 cycles and 80% capacity with its safe lithium metal battery technology. The initiatives in progress to reach this goal include:
1) Further development and testing of proprietary MOF nanotechnology;
2) Development and testing of new proprietary composite electrolyte that promote cycle stability; and
3) State of the art upgrades to the battery fabrication equipment at the
In addition to the battery cells fabricated with the high energy NMC811 cathode, the Company successfully fabricated battery cells using the lower energy lithium iron phosphate (“LFP”) cathode. LFP is generally considered safer with higher cycle life but with lower energy density compared to NMC811. The LFP cells are currently in cycle testing and those results will be reported after a substantial number of cycles are completed. The Company will continue to develop both LFP and NMC811 product lines which are interchangeable with its proprietary membrane separator and composite electrolytes.
Dr
About
On behalf of the Board of Directors,
V-Bond Lee,
CEO, President, Chairman of the Board and Director
Information Contact :
Email: info@voltcarbontech.com
Tel: (647-546-7049)
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FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Volt’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, “intends” ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Although Volt believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct. Such statements include statements with respect to: (i) the Company’s expectation that the new non-flammable composite electrolyte will positively impact the safety of the Company’s lithium metal battery by reducing probability of thermal runaway and battery fires; (ii) the Company’s goal to exceed 800 cycles and 80% capacity with its safe lithium metal battery technology; (iii) the Company’s intentions to: (A) further develop and test its proprietary MOF nanotechnology; (B) develop and test its new proprietary composite electrolyte; and (C) upgrade the battery fabrication equipment at the
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Volt assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities legislation.
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