Novonix spent the last 12 months qualifying the Puregraphite anode at volume with the two global EV battery makers after validating its performance at the pilot plant in 2H 2018.
While they are doing this with the Puregraphite anode material, they are already at the Pilot Scale validation for the new Cathode material. When you hear about NMC and NCA lithium batteries, they are referring to the Cathode material.
Ann: Proposed issue of Securities - NVX, page-32
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