Nanothings Letter of Intent and IDTechEx Presentation
Ionic Industries and US-based IoT technology company, *Nanothings Inc, have signed a Letter of Intent for development of graphene supercapacitors for IoT applications and Ionic MD, Simon Savage presented to the IDTechEx Show! conference.
Dear Ionic shareholders and friends,
We're excited to announce that we have signed an LOI with US-based company Nanothings Inc. This is a significant step along the road to commercialising our Origami Supercapacitor technology; it demonstrates clearly who is likely to be our first customer and the extraordinary size of IoT markets we are targeting. The size and Nanothings own network of backers and affiliates also indicates the potential value that this LOI can bring to Ionic.
You can read more about Nanothings Inc, their technologies and partners on their website here: https://www.nanothingsinc.com/
The terms of the LOI cover a range of details about how the technology will be developed and how it might be commercialised jointly. The salient points are extracted below:
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COOPERATION IN THE DEVELOPMENT AND IMPLEMENTATION OF SUPERCAPACITOR ENERGY STORAGE TECHNOLOGY FOR USE IN IoT APPLICATIONS
BACKGROUND
Nanothings has proprietary technology for printed circuitry and sensor tags, firmware, and software that enable disposable, long range, low cost applications in numerous industries.
To progress this technology, Nanothings requires an energy storage solution that is not currently available in the open market.
Nanothings also has significant market access for its technologies through relationships with major IoT companies including Semtech, Sigfox, Senet, M2Comm and MachineQ.
Ionic has proprietary technology in the field of graphene supercapacitors that we are confident has the potential to meet the performance requirements of Nanothings’ devices. Some further development work is required to produce a prototype device that specifically meets Nanothings requirements.
OBJECTIVES OF THE COLLABORATION
There is a rapidly growing global demand for IoT technologies. Nanothings and Ionic have valuable intellectual property, relationships and manufacturing capabilities relevant to IoT technologies and the objectives of the collaboration are to develop an energy storage solution that will enable a new generation of IoT tracking technologies based on Nanothings’ proprietary NanoTag devices.
SCOPE OF COOPERATION
We have identified areas of common interest for cooperation including:The agreement sets out a path toward a commercial arrangement that will ensure seamless integration of Ionic technologies into Nanothings devices to deliver maximum value for Nanothings and Ionic.
- Exchanges of information about IoT applications, specifically Nanothings NanoTag devices;
- Exchanges of information about methods of manufacturing, handling and applying graphene-based supercapacitors;
- Identification of commercialization opportunities, including markets, customers and commercial partnerships;
- Development and protection of intellectual property in the field of graphene-based supercapacitors and IoT applications;
- Opportunities for manufacturing devices to improve overall efficiency in the delivery of NanoTags devices to market
- Identifying further areas for collaboration around the scientific and engineering disciplines associated with graphene-based supercapacitors in IoT applications; and
- Planning for future commercial arrangements relating to incorporation of Ionic energy storage technologies into Nanothings NanoTag products.
The next step involves delivery of prototype devices to Nanothings in January, followed by commercial negotiations and further development of the manufacturing strategy.
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We're really excited about this development and look forward to seeing our devices deployed in a novel application that can only be serviced with our technology, addressing enormous markets and with the potential to deliver enormous value to our shareholders in the relatively near term.
ID TECHEX PRESENTATION
On 15 November, Ionic Industries Managing Director, Simon Savage joined Ionic Research Leader, Prof Mainak Majumder to address the IDTechEx Show! conference in Santa Clara, CALIFORNIA. The conference focused on a range of technologies and markets including 3D printing, electric vehicles, energy storage innovations, graphene and 2D materials, IoT applications, printed electronics, sensors and wearables.
Our presentation on graphene micro planar supercapacitors (MICRENs), delivered in the showcase Exhibition Theatre, was well received and we've developed a number of leads to follow up on, particularly in regard to collaborations on developing our MICRENs technology. You can see the presentation here: http://www.ionicindustries.com.au/idtechex-presentation/
All the best,
The Ionic Team
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