22nd Apr 2025 13:08
(Alliance News) - Gelion PLC on Tuesday said it has executed a materials testing deal with an unnamed tier-one battery manufacturer, following its agreement to the terms on Thursday last week.
The London-based battery energy storage systems firm said it will supply materials to the manufacturer for independent testing and validation of performance characteristics.
Gelion said the agreement includes provisions to protect its intellectual property and confidentiality.
The company said the collaboration "represents a key step in fostering mutual understanding and technical alignment between the parties, with the objective of supporting potential commercial collaboration in the future".
"This agreement is consistent with the opportunity our world-class technology opens to work with leader from the existing supply chain," said Chief Executive Officer John Wood.
"The commencement of evaluation and testing of our materials and technology by a tier one cell manufacturer is a significant progression in our commercial roadmap and reflects emerging industry recognition of our sulfur battery platform. We are entering this phase with confidence, momentum, and the strategic focus to establish leadership for Gelion in next-generation energy storage."
Shares in Gelion were up 9.5% to 11.77 pence in London on Tuesday afternoon.
By Michael Hennessey, Alliance News reporter
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