Exciting! Complete terms are not disclosed, and obviously 10k Tonnes is not a lot, especially when spread over 4 years...
However, Panasonic has been working with Novonix for years now and the fact that they had not yet signed a binding offtake was making me a little nervous. WIth LGES investing last year and now this binding offtake, this is quite signal that the product is meeting specifications.
Execution is now the biggest question mark. If NVX can deliver quality at scale, with the expected margins... Good times ahead for bulls...
Ann: Panasonic Energy and NOVONIX Sign Binding Off-Take Agreement, page-24
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