CALIX LIMITED — Capital/Financing Update 2019

Sep 8, 2019

September 9, 2019

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ASX Announcement

Calix announces the successful commissioning of its advanced battery materials reactor - BATMn

Highlights:

• Calix’s BATMn Project is a $2.7m new reactor for producing advanced battery materials, part-funded by the Australian Government through the Advanced Manufacturing Growth Fund

• The BATMn reactor, located at Calix’s Bacchus Marsh industrial site, has successfully completed commissioning, on time and under budget

• Work has commenced with BATMn on a development program for safe, recyclable cathode and anode materials for lithium ion batteries, with Calix leading the $9.4m project - “The CRC-P for Advanced Lithium Hybrid Batteries” with $3m in funding from the Department of Industry, Science and Technology

Sydney, Australia | September 9, 2019 – Multi-award-winning Australian technology company Calix Limited (ASX: CXL, ‘Calix’ or ‘the Company’), is pleased to announce it has successfully commissioned its new “BATMn” reactor for manufacturing advanced battery materials, at its industrial site at Bacchus Marsh, Victoria.

BATMn Advanced Battery Materials Reactor Commissioned on Time and Under Budget

Calix has completed the commissioning of the BATMn reactor at Bacchus Marsh, Victoria on time and under budget. The project to build this reactor was funded by Calix from its IPO, and was co-funded by a grant from the Australian Manufacturing Growth Fund. BATMn was designed to make a range of nano-active materials for batteries, where the demand for precision of the production process is critical for performance.

BATMn is Calix’s first all-electric reactor, and the commissioning process has proven Calix’s proprietary technology can be run from electric power, including intermittent power such as might be expected from some renewable energy sources. Quite apart from batteries – this milestone has important implications for application of Calix’s process in other industrial applications, such as lime and cement manufacture, to enable zero emissions via utilisation of wholly renewable energy sources.

The commercialisation roadmap for advanced battery materials is now in play. Over the next 3 years, Calix will be using the BATMn reactor to focus on developing drop-in, safer, cheaper and more recyclable materials for current lithium ion battery technology. This effort was recently boosted with the announcement of the “CRC-P for Advanced Lithium Hybrid Batteries” – a $9.4m program funded $3m by the Department of Industry, Science and Technology, with partners The Institute for Frontier Materials (IFM) and BatTRI-Hub (Deakin University) and Boron Molecular.

At the same time, longer term research and development in alternate battery materials and solid state technology will be conducted as part of Calix’s role in the storEnergy and Polystorage consortiums, involving many of Australia’s, and Europe’s, leading universities, research institutes and industrial partners.

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Mark Sceats, Executive Director and Chief Scientist of Calix, said: “We are very pleased to have successfully commissioned the BATMn Project on time and under budget. We have commenced our exciting R&D program on advanced battery materials, aiming to find safer, more recyclable alternatives to current lithium ion battery materials which largely depend upon expensive, poisonous and hardto-recycle materials such as cobalt. With explosive growth predicted in electric vehicles in the coming decade, this work is vital to improve the sustainability of the transition to electric vehicles.”

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Calix’s BATMn
reactor (Blue)
next to Calix’s
main reactor at
Bacchus Marsh,
Victoria
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For more information:

Darren Charles

Phil Hodgson Managing Director and CEO phodgson@calix.com.au +61 2 8199 7400

Company Secretary and CFO dcharles@calix.com.au +61 2 8199 7400

Simon Hinsley Investor Relations simon@nwrcommunications.com.au +61 401 809 653

Michelle Taylor Media Michelle_Taylor@recognition.com.au +61 2 9252 2266

About Calix

Calix is a team of dedicated people developing a unique, patented technology to provide industrial solutions that address global sustainability challenges.

The core technology is being used to develop more environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater, and carbon reduction.

Calix develops its technology via a global network of research and development collaborations, including governments, research institutes and universities, some of world’s largest companies, and a growing customer base and distributor network for its commercialised products and processes.

Because there’s only one Earth…

…Mars is for Quitters!

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