AI assistant
GREEN360 TECHNOLOGIES LIMITED — Regulatory Filings 2017
Jun 27, 2017
65020_rns_2017-06-27_18a49306-153a-4fcf-a61a-11fc935b509a.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
==> picture [137 x 72] intentionally omitted <==
ASX Release
==> picture [123 x 10] intentionally omitted <==
28 June 2017
ULTRACHARGE LIMITED ACN 140 316 463
Level 6
105 St Georges Terrace, Perth Western Australia 6000 Tel: +61 8 6558 0886 Fax: +61 8 6316 3337 Web: www.ultra-charge.net
==> picture [123 x 10] intentionally omitted <==
Contacts Investors
UltraCharge Mr Kobi Ben-Shabat Chief Executive Officer +972 58 400 7346 [email protected]
Corporate and Investors Armada Capital & Equities Michael Shaw-Taylor M: +61 477 383 390 D: +61 2 9276 1203 [email protected]
==> picture [123 x 10] intentionally omitted <==
Directors
Mr Kobi Ben-Shabat Mr David Wheeler Mr Doron Nevo Mr Yuri Nehushtan Mr John Paitaridis
ASX Code : UTR Shares : 367,456,618 Escrow Shares: 267,436,503 Options (various) : 82,000,000
==> picture [10 x 765] intentionally omitted <==
UltraCharge and NTU receive conditional US $1M Grant Offer from SIIRD
-
Joint Israel-Singapore initiative to fast track the development of the company’s anode technology adding to the unique features of UltraCharge’s Lithium Ion Battery technology.
-
The anode being developed in collaboration with NTU is intended to have extra capacity in terms of power and energy.
-
SIIRD will fund 40% of the total project budget.
-
This grant significantly enhances UltraCharge’s funding position with the anode initiative.
UltraCharge Limited ( ASX: UTR, UltraCharge or the Company ) is pleased to announce it received notification from the Singapore Israel Industrial R&D Foundation (SIIRD) that it has approved a grant of US$1 million for its joint project with Nanyang Technology University (NTU), pending finalisation of collaboration terms. The grant funds 40% of the project costs which will result in increased battery power and energy capacity.
UltraCharge utilises titanium dioxide nanotube technology, which can potentially replace anodes in lithium ion batteries. UltraCharge’s technology provides for a safer, long lasting and fast charging battery. This project will seek to further increase the anode density, while maintaining safety, and fast charging advantages.
Collaboration partner Nanyang Technology University (NTU) in Singapore, is a world class technology university where the Company’s anode technology originates. Terms of the collaboration agreement with NTU are in process of being finalized. Once completed this places UTR in a comfortable funding position for its current programmes.
Kobi Ben-Shabat, CEO said “We are very pleased to be offered another grant, which is recognition by both the Israeli and Singaporean Governments, of our world class position in anode nanofibers for lithium ion batteries. This project with NTU is particularly exciting as it builds on our existing technology and will provide an even greater power and energy density. It is wonderful for our shareholders to benefit from this significant non-dilutive funding.”
Kobi Ben-Shabat Chief Executive Officer About UltraCharge Limited ( www.ultra-charge.net)
UltraCharge is a battery technology company based in Israel, which has acquired exclusive rights to patented technology from the Nanyang Technology University in Singapore (NTU). The technology will replace graphite in anodes (negative pole) with a nanotube gel material made from titanium dioxide, in lithium batteries. This has the potential to revolutionise the market for lithium batteries by producing a battery that is safe, has a longer lifetime and is fast charging. Ultracharge has established a laboratory facility in Israel to conduct nanotube synthesis and fabrication of the nanotube anode, and is discussing supply options with end users in the global battery market
Performance Rights: 45,625,000