From the last IM3NY update, Tier 1 OEM’s have paid for batteries...

From the last IM3NY update, Tier 1 OEM’s have paid for batteries and received for internal testing, This is bloody massive news. Magnis can still sell the batteries but only post 8cells in a box hence the safety certificate. To put this in context the plant should be at 10,000 cells a day by the end of 2023 so posting 8 in one box while possible not the smartest thing.

while we wait for the re cert they will be applying for DOE grants and moving with the pilot plant property, lots to come here!

TAKEN FROM ANNOUNCEMENT
A small number of cells have been sold to existing and potential new customers, to enable their internal qualification processes to be undertaken. The range of customers includes major and Tier 1 OEM’s from both the electric vehicle and stationery energy storage sectors, which is an important step in securing larger sales contracts with these parties in the future.

Purchase Orders
Orders from Sukh Energy, an existing iM3NY contracted customer, have been placed for delivery in calendar 2023. Delivery of cells will commence once the external certification to Standard UN38.3 as referred to above is completed. Production of cells continues with those cells being stockpiled on site to ensure delivery can occur in a timely manner upon receipt of independent certification and confirmation orders once the internal qualification processes of the customers have been completed.