First and without going into to too much detail (look it up), Stanley Whittingham was first to utilise Lithium as a cathode and thus invented lithium ion battery. They were however not that great and pretty dangerous. Goodenough utilised the addition of cobalt in the cathode to provide a greater energy density and developments have seen this cathode material perform the best, though with safety issues.
Lithium Iron Phosphate is what I assumed the iM3 batteries to be as they have been discussed as not needing nickel and cobalt and saw this as the only viable option. LiFePo4 is a safer and more stable battery though doesnt have as high a energy density and doesn't perform as well.
The Patented cathode is NOT Lithium-ion Phosphate and appear to be a Boron Metal Lithium Manganese Phosphate (or something along these lines) This can be seen by viewing Shailesh' patent.
The iM3 Batteries also to my knowledge (as included in Shailesh's patent) includes the use of silicon and/or tin to be imbedded into the graphite for the anode material.
Magnis alone is expected to receive approx 3m by February from option conversions. BEI has been dealing with a 12mill capital raising and Imperium 3 has received financial support from Qld government (pending election results)
Resolution granted for Director payments to allow the ability to attract and increase board members. There has been mention of a Senior executive from a South Korean Battery Manufacturer being involed as well as American Auto Manufacturer. IMO it is likely we will see some additions to magnis' board in the coming months that will take care of large scale battery manufacturing experience.
I could go on, but I think I'll just leave it at that for the moment and enjoy my Sat night.
MNS Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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