LIS 3.70% 13.0¢ li-s energy limited

Li-S Energy has signed an agreement with Insitu Pacific to...

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    Li-S Energy has signed an agreement with Insitu Pacific to integrate and test Li-S Energy’s innovative battery technology in Insitu’s range of uncrewed aerial systems (UAS). Located in Brisbane, Insitu Pacific was established in 2009 and serves defence customers across the Asia Pacific region and commercial customers globally. Insitu Pacific and its parent Insitu Inc, are wholly owned subsidiaries of Boeing.

    Under the terms of the agreement, the parties will work together to define and execute a program to manufacture and test batteries to the same size, weight and power constraints as the Insitu Pacific UAS, as well as utilising the same payload space and connectors. The Parties will then run a joint flight testing campaign in Australia at Insitu Pacific’s test range in Queensland to prove the performance gains envisaged under this collaboration.

    Should the advantages be realised, the Insitu Pacific UAS would be well positioned as a key contender for a number of global Small Tactical UAS opportunities that Insitu is pursuing. These opportunities are with a range of Defence forces globally.

    Dr Lee Finniear, CEO of Li-S Energy, said, “We are very pleased to be working with one of most recognised names in the aviation industry. As the market for UAVs continues to accelerate with new applications and capabilities, battery weight and energy density has become one of the most critical factors for UAV performance, We are looking forward to working with Insitu Pacific to demonstrate the benefits of Li-S Energy batteries in these applications.”

    https://asiapacificdefencereporter.com/li-s-energy-signs-deal-with-boeings-insitu-pacific-to-power-uas-vehicles/

    Last edited by Rexryan: 06/12/21
 
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