Advertisement

PPK and its battery spin-off surge ahead of R&D announcement

PPK and its battery subsidiary Li-S Energy have gone into a trading halt after a big spike in the share price and news of a pending announcement.

Apr 03, 2023, updated Apr 03, 2023
One of the company's battery production labs.

One of the company's battery production labs.

Li-S has been developing a breakthrough lithium-sulphur battery with its joint venture partners at Deakin University. If successful, it would provide a battery that was far lighter and with greater energy density than lithium-ion batteries, which would give them the edge in mobile applications like drones and cars.

PPK’s share jumped almost 30 per cent today before a trading halt was called for.

That spike in the share price followed an announcement this morning by Li-S Energy that it was preparing to announce the results of research and development on the battery.

Li-S’s shares went for a 15 per cent jump last week. Its trading halt was to last until Wednesday or until it made its announcement.

Late last year the company signed a memorandum of agreements with US company magniX, which specialises in electric aviation propulsion. It is one of only two companies chosen by MASA to demonstrate electric propulsion.

InQueensland in your inbox. The best local news every workday at lunch time.
By signing up, you agree to our User Agreement andPrivacy Policy & Cookie Statement. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Li-S has also been working to scale up its lithium-sulphur batteries as well as its lithium-metal batteries to create suitable cell sizes for its collaboration partners Janus Electric (trucks) and Boeing’s InSitu Pacific which is a preferred supplier to Army for uncrewed aerial systems.

It has also signed non-disclosure agreements with other advanced e-aviation, drone and electric vehicle companies.

 

 

 

Local News Matters
Advertisement
Copyright © 2024 InQueensland.
All rights reserved.
Privacy Policy