noco-noco Takes Significant Step in Re-start efforts with Acquisition of Revolutionary X-SEPA Technology Production Equipment
noco-noco has made a significant advancement in its restart plan by acquiring manufacturing equipment featuring the revolutionary X-SEPA™ technology from 3DOM Alliance and noco-tech. This cutting-edge technology promises to extend battery lifespans by up to five times, particularly in high-temperature conditions. The acquisition, valued at approximately $9 million, will be paid for with about 90 million new shares of noco-noco Inc., at a reference price of 10 cents per share.
The equipment will enable noco-noco to produce up to 35MWh worth of separators, expediting sample deliveries and accelerating energy storage system (ESS) projects. The company expects this production to contribute an annual revenue of up to $3 million USD. This move is expected to improve noco-noco's operational capabilities, commercial prospects, and shareholders' equity position.
noco-noco ha fatto un significativo progresso nel suo piano di rilancio acquisendo attrezzature di produzione dotate della rivoluzionaria tecnologia X-SEPA™ di 3DOM Alliance e noco-tech. Questa tecnologia all'avanguardia promette di estendere la durata delle batterie fino a cinque volte, in particolare in condizioni di alta temperatura. L'acquisizione, valutata circa $9 milioni, sarà pagata con circa 90 milioni di nuove azioni di noco-noco Inc., a un prezzo di riferimento di 10 centesimi per azione.
Le attrezzature permetteranno a noco-noco di produrre separatori per un totale di 35MWh, accelerando le consegne dei campioni e velocizzando i progetti per i sistemi di stoccaggio energetico (ESS). L'azienda si aspetta che questa produzione contribuisca a un fatturato annuale di up to $3 milioni USD. Questa mossa dovrebbe migliorare le capacità operative di noco-noco, le prospettive commerciali e la posizione patrimoniale degli azionisti.
noco-noco ha realizado un avance significativo en su plan de reinicio al adquirir equipos de fabricación con la revolucionaria tecnología X-SEPA™ de 3DOM Alliance y noco-tech. Esta tecnología de vanguardia promete extender la vida útil de las baterías hasta cinco veces, especialmente en condiciones de alta temperatura. La adquisición, valorada en aproximadamente $9 millones, se pagará con alrededor de 90 millones de nuevas acciones de noco-noco Inc., a un precio de referencia de 10 centavos por acción.
El equipo permitirá a noco-noco producir separadores por un total de 35MWh, agilizando las entregas de muestras y acelerando los proyectos de sistemas de almacenamiento de energía (ESS). Se espera que esta producción contribuya a un ingreso anual de hasta $3 millones USD. Este movimiento debería mejorar las capacidades operativas de noco-noco, las perspectivas comerciales y la posición del patrimonio de los accionistas.
noco-noco는 3DOM Alliance와 noco-tech의 혁신적인 X-SEPA™ 기술을 갖춘 제조 장비를 인수하여 재시작 계획에서 중요한 진전을 이뤘습니다. 이 최첨단 기술은 특히 고온 조건에서 배터리 수명을 최대 5배 연장할 것을 약속합니다. 이 인수는 약 $9백만의 가치를 지니며, noco-noco Inc.의 약 9천만 주의 신주로 지불될 예정이고, 주당 기준가는 10센트입니다.
이 장비는 noco-noco가 35MWh의 분리막을 생산할 수 있게 하고, 샘플 배송을 가속화하며 에너지 저장 시스템(ESS) 프로젝트를 신속하게 진행할 수 있도록 합니다. 회사는 이 생산이 연간 최대 $3백만 USD의 수익에 기여할 것으로 기대하고 있습니다. 이러한 조치는 noco-noco의 운영 능력, 상업적 전망, 그리고 주주의 지분 위치를 개선할 것으로 예상됩니다.
noco-noco a réalisé un avancement significatif dans son plan de redémarrage en acquérant des équipements de fabrication dotés de la technologie révolutionnaire X-SEPA™ de 3DOM Alliance et noco-tech. Cette technologie de pointe promet d'étendre la durée de vie des batteries jusqu'à cinq fois, en particulier dans des conditions de haute température. L'acquisition, d'une valeur d'environ $9 millions, sera réglée par environ 90 millions de nouvelles actions de noco-noco Inc., à un prix de référence de 10 cents par action.
Les équipements permettront à noco-noco de produire jusqu'à 35MWh de séparateurs, accélérant les livraisons d'échantillons et accélérant les projets de systèmes de stockage d'énergie (ESS). L'entreprise s'attend à ce que cette production contribue à un chiffre d'affaires annuel pouvant atteindre 3 millions de dollars USD. Ce mouvement devrait améliorer les capacités opérationnelles de noco-noco, ses perspectives commerciales et la position des capitaux propres de ses actionnaires.
noco-noco hat einen bedeutenden Fortschritt in seinem Restart-Plan gemacht, indem es Fertigungsanlagen mit der revolutionären X-SEPA™-Technologie von 3DOM Alliance und noco-tech erworben hat. Diese zukunftsweisende Technologie verspricht, die Lebensdauer von Batterien um bis zu fünfmal zu verlängern, insbesondere unter Hochtemperaturbedingungen. Der Erwerb, der auf etwa $9 Millionen geschätzt wird, wird mit etwa 90 Millionen neuen Aktien von noco-noco Inc. zu einem Referenzpreis von 10 Cent pro Aktie bezahlt.
Die Ausrüstung wird noco-noco in die Lage versetzen, bis zu 35MWh an Separatoren zu produzieren, was die Musterlieferungen beschleunigt und die Projekte für Energiespeichersysteme (ESS) vorantreibt. Das Unternehmen erwartet, dass diese Produktion zu einem Jahresumsatz von bis zu $3 Millionen USD beiträgt. Dieser Schritt wird voraussichtlich die betrieblichen Fähigkeiten, die Geschäftsaussichten und die Eigenkapitalposition der Aktionäre von noco-noco verbessern.
- Acquisition of X-SEPA™ technology production equipment, potentially extending battery lifespans by up to 5 times
- Expected annual revenue contribution of up to $3 million USD from the new production equipment
- Capability to produce up to 35MWh worth of separators, accelerating sample deliveries and ESS projects
- Improvement in shareholders' equity position through the asset transfer
- Potential to gain market share in the growing APAC separator market, expected to reach ~30B USD in 10 years
- Issuance of approximately 90 million new shares, potentially diluting existing shareholders
- Significant upfront investment of $9 million in manufacturing equipment
Insights
This acquisition marks a significant strategic move for noco-noco, potentially transforming its market position in the lithium-ion battery industry. The
Financially, the deal structure is intriguing. By issuing shares at
The long-term outlook is particularly compelling. With the APAC separator market expected to grow from
The acquisition of X-SEPA™ technology production equipment represents a significant technological leap for noco-noco. This separator technology addresses several critical challenges in lithium-ion battery performance:
- Dendrite prevention: By using high-viscosity electrolytes, it tackles a major cause of battery degradation.
- Uniform current distribution: The three-layer membrane structure enhances reliability and longevity.
- Adaptability: The ability to modify thickness, porosity and strength allows for customization to different battery cell types.
- Performance in extreme conditions: Superior functionality under rapid charging/discharging cycles and extreme temperatures broadens potential applications.
The initial
Singapore, Oct. 16, 2024 (GLOBE NEWSWIRE) -- In line with the “restart plan” announced on September 19, noco-noco has made a major advancement by securing a contract to acquire manufacturing equipment featuring the revolutionary X-SEPA™ technology from 3DOM Alliance and noco-tech.
As an industry leader in high-performance lithium-ion battery (LIB) development, noco-noco’s adoption of X-SEPA™ technology promises to extend battery lifespans by up to five times. This cutting-edge technology significantly boosts durability in high-temperature conditions by preventing dendrite formation—one of the key factors in battery degradation—using high-viscosity electrolytes.
The X-SEPA™ technology enables uniform current distribution through its three-layer membrane structure, dramatically enhancing both reliability and longevity. It can also adjust to different types of battery cells by modifying thickness, porosity, and strength. Furthermore, it delivers superior performance under rapid charging / discharging cycles and extreme temperatures.
Under the terms of the contract signed on October 11, manufacturing equipment for the X-SEPA™ separator valued at roughly
Noco-noco expects the production from the manufacturing equipment to contribute profit with an annual revenue of up to
Finally, In addition to bolstering operational and commercial capabilities, this asset transfer will be a significant step in improving noco-noco’s shareholders' equity position, placing the company well for future financing pipelines.
About noco-noco:
noco-noco Inc. (Nasdaq NCNC) is a technology solutions provider working to accelerate the global transformation to a decarbonized economy. Building its business on X-SEPA™ — the revolutionary battery separator technology developed in Japan and designed for long-lasting and high heat-resistant performance— noco-noco addresses the need for clean, affordable, and sustainable energy storage solutions.
Read more about noco-noco:
https://noco-noco.com/
Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and information currently available to noco-noco. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections, or other characterizations of future events or circumstances, the markets in which noco-noco operates as well as any information concerning possible or assumed future results of operations of noco-noco, are also forward-looking statements. These statements involve risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although noco-noco believes that it has a reasonable basis for each forward-looking statement contained in this communication, noco-noco cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. noco-noco cannot assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the impact of the global pandemic like COVID-19, the outcome of any potential litigation, government or regulatory proceedings, and other risks and uncertainties. There may be additional risks that noco-noco presently does not know or that noco-noco currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by noco-noco and its respective directors, officers or employees or any other person that noco-noco will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of noco-noco as of the date of this communication. Subsequent events and developments may cause those views to change. However, while noco-noco may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of noco-noco as of any date subsequent to the date of this communication.
FAQ
What is the value of the X-SEPA™ technology manufacturing equipment acquired by noco-noco (NCNC)?
How many new shares will noco-noco (NCNC) issue for the X-SEPA™ technology acquisition?
What is the expected annual revenue contribution from the new X-SEPA™ production equipment for noco-noco (NCNC)?
How much separator production capacity will noco-noco (NCNC) gain from the new X-SEPA™ equipment?
