BEST Battery Development Agreement Finalised. Page 1 of 3 First Graphite (ASX: FGR) is pleased to advise all agreements for the development of the BEST battery have now been finalised and executed. Highlights • Affirmation of the advanced status of research being undertaken on the Best Battery by Swinburne University of Technology. • Confirmation of the impressive performance compared with existing supercapacitors, based on patent pending technology developed by Swinburne • Increase in the level of equity that can be earned in the global licence from 60per cent, to 70 per cent • Immediately focusing on the development of a prototype AA battery for test marketing FGR has undertaken extensive due diligence on the BEST Battery Project, engaging highly experienced personnel, Dr Christine Scala, to provide an independent scientific assessment. The key points from the due diligence report were; • the science behind the supercapacitor is well developed with Swinburne University of Technology being at the leading edge of the development of advanced supercapacitor technology. • the performance of Swinburne’s capacitor is impressive, being significantly greater in energy density than the nearest other superconductor, Swinburne reported. This provides evidence that the Swinburne invention is significant Swinburne University of Technology Supercapacitor Patent-pending technology developed by Swinburne overcomes the energy density limitations with existing supercapacitors, achieving the following potential advantages; • 10x better energy density than competing devices due to use of nanopores and graphene based technology • 10,000x faster charge/discharge rates than for chemical storage devices, such as lithium-ion batteries • 10,000 charge/discharge cycles due to no degradation of electrodes • Ultra-thin and ultra-light in weight • highly flexible and integratable • environmentally friendly due to the absence of chemicals These efficiencies are achieved through the use of laser printing technology and graphene oxide to create an ultra-efficient energy storage medium in a greatly simplified process. An innovative inter-digital design also provides for a much shorter ionic path to maximise energy and power density
FGR Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
