New York, USA

IM3 (Imperium3) Lithium-ion Battery Plant

The first of the battery plants that Magnis has ownership in.

• 15 GWh (at full capacity) Lithium-ion Battery (LIB) Plant to be located in Huron Campus the birthplace of IBM in Upper State New York.

• Supported by New York State Government and leading global consortium of LIB specialists.

• Initial Grants and Funding to US$13.25M from New York State Government and announced by Governor Cuomo.

• Magnis has increased its ownership stake to a level of 50.86% via its direct and indirect shareholding in the iM3NY company and New York battery project.

• Acquired plant assets consist of high quality equipment from major USA and European suppliers. Equipment to support slurry making, coating, cell assembly, formation, testing with modules for assembly and packing.  

• Minor plant engineering will be required incorporating Imperium3’s leading materials & IP processing technologies also introducing cylindrical LIB cells to the prismatic currently manufactured.

• The speed to production key – Initially Stage 1 production was going to be 3GWh. The recent strategic acquisition allows production to commence earlier aimed at 1GWh, then advancing to the full 15GWh capacity.

• Fast Tracking production will accelerate the following :

Marketing and qualification of our battery products to major OEM’s Original Equipment Manufacturers; qualification of our performance leading, low cost & sustainable materials technologies; and demonstration of supply chain viability & validation of high yield battery production.

• Binding Sales Agreements signed for 40% of 2019/20 planned production to be used in Electric Vehicle’s and Electronic Storage Systems.

Huron Campus site, New York

Cathode Welding machine, example of assets purchased in February 2018

Electrode Stacking Equipment, example of assets purchased in February 2018