TIDMGELN
RNS Number : 6378A
Gelion PLC
25 May 2023
25 May 2023
Gelion plc
("Gelion" or the "Company")
Strategic progress update on the Johnson Matthey IP
acquisition
for the LiS/LiSiS technologies
IP acquisition positions Gelion as a significant player in the
lithium-sulfur market,
providing a strong foundation for becoming a global leader in
this sector
Gelion (AIM: GELN), the Anglo-Australian battery innovator, is
pleased to provide an update on the strategic evaluation of the
Lithium Sulfur ("LiS") and Silicon Anode ("Si") patent portfolios
(the "IP") acquired from Johnson Matthey in March 2023.
Through the combination of the newly acquired LiS IP and
Gelion's own IP, Gelion has the potential to significantly advance
its efforts to revolutionise the energy storage industry by
developing sustainable, high-performance LiS batteries with
superior energy density (e.g. potential to double EV ranges), high
safety and great cost-effectiveness, providing a compelling
alternative to current lithium-based battery technologies.
Key highlights post-acquisition
-- Gelion has evaluated the 450 patents across 82 patent
families acquired and concluded it is in the Group's best interest
to retain the majority of the IP portfolios, strengthening Gelion's
future development in the LiS battery market and potentially
offering additional commercialisation opportunities, in the areas
of lithium battery recycling and salt-based electrode
technologies.
-- Signed agreement to sell the subset of patents relating to
Silicon Anode IP (73 patents across 17 patent families), which are
non-core to the Company's particular activities, to Sicona
Technologies Pty Ltd ("Sicona"), a silicon anode technology
developer in Australia for US$1.5 million (GBP1.20 million). Gelion
will retain the exclusive license (royalty-free) to the Silicon
Anode IP, when used in combination with lithium silicon sulfur
(LiSiS) or other LiS battery chemistries.
-- Acquisition is assisting in the acceleration of internal
R&D and is expected to significantly enhance the Company's
future partnership prospects.
Commenting on the update, John Wood, CEO said: "It is promising
to see that the acquisition of this highly valuable IP portfolio
from Johnson Matthey is already bearing fruit in just a few months,
providing us with the opportunity to accelerate the development and
consequently commercialisation of our own Sulfur cathode platform
technology at a faster rate. It is an exciting step forward within
the Lithium-based energy storage industry and provides a foundation
for Gelion to become a global leader within the sector."
Background on the IP portfolio
The IP portfolio acquired includes over 450 patents across 82
patent families and includes development programs, technology
transfer packages, market and portfolio analyses, manufacturing
design and cost models for sulfur-based energy storage
technologies.
The overall portfolio also includes IP relating to applications
of solid-state electrolytes, liquid electrolytes, next-generation
cathode materials, processing and manufacture of lithium metal
anodes, protective lithium anode coatings, battery management
systems, and battery recycling. Gelion is assessing how to best
utilise these IP elements to progress its strategic and commercial
goals, develop strong relationships and form important partnerships
that will assist in the rapid development and commercialisation of
our lithium-sulfur battery technology.
The IP portfolio is extensive and covers many key areas that,
individually and as a group, not only help to provide strong
protection against relevant manufacture by competitors in key
markets in Asia, North America and Europe, but also provide
protection against commercialisation activities in these markets,
placing Gelion in a strong competitive IP position with respect to
other lithium-sulfur developers.
Gelion's unique approach is focused on the development of
advanced Sulfur cathode platform solutions that can be paired with
a variety of Lithium anode technologies (i.e. silicon, graphite,
lithium metal). As these latest generations of Lithium anode
technologies become more developed, tested and commercially
available, Gelion's technology will be well placed to provide
exciting Sulfur cathode pairing solutions.
This approach maximises Gelion's capability to provide the
dovetailed solutions required to partner with eventually the most
dominating next generations of lithium anode technologies.
The agreement to sell the subset of patents to Sicona is
expected to be completed (with no condition's precedent) and funds
transferred by June 2023.
CONTACTS
Gelion plc via Alma PR
John Wood, CEO
Amit Gupta, CFO
Thomas Maschmeyer, Founder and Principal
Technology Advisor
finnCap Ltd (Nominated Adviser and Sole
Broker) +44 207 220 0500
Corporate Finance
Christopher Raggett
Seamus Fricker
Fergus Sullivan
ECM
Barney Hayward
Alma PR (Financial PR Adviser) +44 20 3405 0205
Justine James gelion@almapr.co.uk
Hannah Campbell
Will Ellis Hancock
About Gelion plc
Gelion ("gel: ion") is a global renewable-energy storage
innovator who supports the transition to a sustainable economy
while delivering value for its customers and investors by designing
and manufacturing the outstanding zinc-bromide batteries for
stationary energy storage and additives for mobile battery
applications.
Performance Additives - Tomorrow's transport systems will rely
on mobile renewable energy. Gelion is developing performance
additives and cathode solution based on nanotechnology with the aim
of improving the safety, longevity and energy density of
lithium-based batteries for mobile applications. Gelion's IP will
help power the EV and e-aviation markets.
Stationary storage - Gelion Zinc Bromide battery: the
sustainable energy storage solution.
Gelion has developed patented technology for a breakthrough
zinc-bromide battery to support the transition to a carbon neutral
economy by 2050. The technology is being developed with the goal of
establishing Gelion Zinc Bromide as a logical participant in the
ecosystem of suppliers, manufacturers and customers surrounding
lead acid technology.
Gelion's zinc-bromide gel battery uses non-flow technology,
which is scalable, can deliver 100% depth of discharge and has
potential for higher temperature tolerance and much faster
discharge rates, while utilizing all nameplate capacity,
representing significant advantages over lead-acid battery
technology.
Gelion was spun-out from the University of Sydney in 2015 by
Professor Thomas Maschmeyer, Fellow of the Australian Academy of
Science and recipient of the Australian Prime Minister's Prize for
Innovation 2020, that country's highest honour for scientific
entrepreneurship.
The Company's ESG credentials are strongly aligned to six of the
UN's 17 Sustainable Development Goals.
Gelion's shares are listed on the AIM market of the London Stock
Exchange and it received the Green Economy Mark at IPO in November
2021, recognising its commitment to energy transition.
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END
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