THE BOURSE WHISPERER: Neometals (ASX: NMT) announced the lodgement of an Australian provisional patent application associated with the company’s technology to produce lithium titanate oxide for use in lithium-ion batteries.
Neometals explained the company has a dedicated subsidiary, Neomaterials Pty Ltd, to hold its interest in the intellectual property and patent applications for this advanced battery material process.
Neomentals said the Freedom to Operate (FTO) search and opinion was exhaustive with more than 440 published patents reviewed.
The company claimed its test work results indicate performance of the material in the larger scale pouch-cell to be superior to the commercially available lithium titanate, and re-confirmed in multiple coin-cell tests.
All tests had NCM cathode and LTO anode.
Neometals is now undertaking optimisation testwork at the CSIRO to accelerate the commercialisation of this advanced battery material technology.
The company expects the program to be completed by the end of the December quarter and to be producing product for evaluation by battery producers.
“The lodgement of this patent application is consistent with Neometals’ IP strategy to protect its competitive advantage once the commercial viability emerges,” Neometals managing director Chris Reed said in the company’s announcement to the Australian Securities Exchange.
“Our goal is to justify the addition of a LTO circuit to the Lithium Hydroxide project to further multiply the value of our lithium units.”