Li-Metal advanced anode development facility becomes operational
Markham-based Lithium Anode Materials Lab to Increase Development Capacity for Next-Generation Battery Manufacturers in North America
TORONTO, ON / ACCESSWIRE / November 25, 2021 / Li-Metal Corp. (CSE: LIM) (FSE: 5ZO) (“Li-Metal“or the”Society“), a leading developer of lithium metal and lithium metal anode technologies critical for next-generation batteries, today announced that its advanced anode materials development facility (the”Establishment“) in Markham, Ontario, has reached initial operational capability.
The facility houses small-scale deposition equipment that can rapidly produce anode materials for evaluation and testing, which is a key part of the highly scalable, cost-effective and sustainable lithium anode technology development strategy. by Li-Metal. These advanced anode materials will be produced at the facility for evaluation and optimization, followed by initial industrialization at the roll-to-roll anode facility in Rochester, New York.
“Our advanced anode material development facility will dramatically improve our ability to develop our second and third generation products and customize them for each of our customers’ specific and unique needs,” said Maciej Jastrzebski, co-founder and CEO of Li-Metal. . “This facility increases our ability to meet our product roadmap and grow our product and intellectual property portfolio.”
To meet the rapidly growing demand and need for premium lithium anode materials, Li-Metal hopes to reach commercial scale by 2025. As electrification continues to gain momentum, the adoption of next-generation batteries will accelerate and electric vehicle manufacturers will seek high performance. -generation of batteries to power more economical, longer range and safer electric vehicles. The need for high-performance anodes is expected to increase as total demand for lithium-ion batteries is expected to exceed 2.6 TWh per year, according to BloombergNEF, and total annual production of electric vehicles is expected to exceed 30 million vehicles per year. The world’s leading manufacturers of electric vehicles, including BMW, GM and Volkswagen, are expected to advance next-generation batteries towards product qualification for future electric vehicles in the coming years – sufficient production of lithium metal anodes will be essential to overcome this obstacle.
On behalf of the Council
“Maciej Jastrzebski”
Maciej Jastrzebski
CEO and director
About Li-Metal Corp.
Li-Metal is a Canadian company that develops lithium metal anodes and lithium metal production technologies for use in next generation batteries. Our production methods are significantly more sustainable than existing products and deliver lighter, more energy dense and safer batteries that are essential for the electric vehicles of tomorrow. For more information, visit www.li-metal.com.
Forward-looking information
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company. These forward-looking statements may be identified by words such as “expects”, “anticipates”, “believes”, “plans”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements concerning, among other things, the Company’s strategic plans are forward-looking information. These statements should not be interpreted as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those implied by such statements. Although these statements are based on reasonable assumptions of management, there can be no assurance that the development of the Company’s activities will be completed as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances, except as required by applicable law.
Investor contact
For more information on Li-Metal or to be added to the Company’s email distribution list, please contact:
Salisha Ilyas
ir@li-metal.com
647-795-1653
Media contact
Harry nicholas
Li-MetalPR@icrinc.com
THE SOURCE: Li-Metal Corp.
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https://www.accesswire.com/674684/Li-Metal-Advanced-Anode-Development-Facility-Becomes-Operational
