Highlights:
» AVL and subsidiary VSUN sign dealership agreement with leading German vanadium battery manufacturer GILDEMEISTER Energy Storage GmbH for sales of CellCubes in Australia
» AVL signs MOU with C-tech Innovation Limited UK and orders pilot electrolyte plant in first for WA
» AVL and VSUN complete first GILDEMEISTER CellCube sale of FB10-100 for rural WA property
» WA’s first commercial vanadium battery ships from Europe
» Successful completion of non-renounceable Rights Issue raises $3.0 million to fund vanadium battery market development, vanadium electrolyte plant and ongoing **anintha Project evaluation
» **anintha engineering concept study expanded for additional mining and processing scenarios including concentrate-only and co-production of vanadium battery electrolyte opportunities. Initial outcomes highly encouraging for project advancement
» The Company receives R&D rebate of $410,000 for the 2015 Tax Year.
» Appointment of AVL MD to Chair new Vanitec Energy Storage Committee.
Ann: Quarterly Activities Report-AVL.AX, page-2
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