Graphene Manufacturing Group (GMG) has provided an update on the ongoing investment in its Battery Development Centre (BDC), saying its board of directors has approved an additional A$600,000 (around USD$405,000) in capital expenditure to accelerate the progress of semi-automatic pouch cell prototype production for customer trials and Graphene Aluminium Ion (G+AI) Battery cell development.
GMG noted that it has also successfully increased its organizational capacity by attracting new staff experienced in pouch cell manufacturing, thereby enabling the acceleration of its battery performance optimization program.
”This investment adds to our existing pouch cell manufacturing capabilities and together with GMG's internal expertise the company is now focused on progressing collaborative partnerships with several potential battery customers to further accelerate commercial development work in 2023,” GMG CEO Craig Nicol said in a statement.
GMG said it believes its pouch cells could be used in a wide range of potential applications, including personal communication devices; Internet of Things (IOT) sensors; personal mobility devices; energy storage; high power industrial applications; electric aviation; electric vehicles and; personal electronics.
The company also noted that the additional CAPEX expenditure will assist with future optimization, prototype development and production, and assembly times in the BDC.
It said the additional equipment is expected to be operational in the second quarter of 2023.
In addition, GMG noted that it will continue to work with various scientific and engineering methods to optimize capacity, energy and power density, and overall design of coin cell and/or pouch cell products.