24th Apr 2014 11:15
LONDON (Alliance News) - Imperial Innovations PLC said Thursday its portfolio company Nexeon Ltd has completed the construction and commissioning of its process development and manufacturing facility at its headquarters in Oxfordshire.
Nexeon is Innovations' second largest portfolio company by value.
The company is developing silicon anode technology for the next generation of lithium ion batteries.
The new manufacturing plant is capable of producing over 20 tonnes of product a year, and has been built to handle a wide range of materials and reagents, said the firm. In addition to the manufacturing capability, the new facility includes integrated laboratories for Process Development and Material Characterisation.
Shares in Imperial Innovations were trading 6.09% higher at 474.75 pence per share Thursday afternoon.
By Alice Attwood; [email protected]; @AliceAtAlliance
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