MK Plus, Vanadium Solid-State Battery Company, Achieves Funding Milestone of US$50 Million
MK Plus, a Japanese battery company, has secured US$50 million in funding to build their first pilot plant in Japan for vanadium solid-state batteries. Phenom Resources Corp. (TSXV: PHNM) owns a 5% equity stake in MK Plus. According to MK Plus's presentation, their battery technology offers significant advantages over vanadium redox flow batteries (VRFB), including 100 times faster charging speeds, using one-tenth of vanadium, +100,000 deep cycle life without fire risk, and performance stability at temperatures between 100°C and -40°C.
MK Plus, un'azienda giapponese nel settore delle batterie, ha ottenuto 50 milioni di dollari USA di finanziamenti per costruire il loro primo impianto pilota in Giappone per batterie al vanadio a stato solido. Phenom Resources Corp. (TSXV: PHNM) detiene una partecipazione azionaria del 5% in MK Plus. Secondo la presentazione di MK Plus, la loro tecnologia di batterie offre vantaggi significativi rispetto alle batterie al vanadio a flusso redox (VRFB), tra cui velocità di ricarica 100 volte superiori, utilizzando un decimo di vanadio, +100.000 cicli profondi di vita senza rischio di incendio e stabilità delle prestazioni a temperature comprese tra 100°C e -40°C.
MK Plus, una empresa japonesa de baterías, ha asegurado 50 millones de dólares estadounidenses en financiamiento para construir su primera planta piloto en Japón para baterías de estado sólido de vanadio. Phenom Resources Corp. (TSXV: PHNM) posee una participación del 5% en MK Plus. Según la presentación de MK Plus, su tecnología de baterías ofrece ventajas significativas sobre las baterías de flujo redox de vanadio (VRFB), incluyendo velocidades de carga 100 veces más rápidas, utilizando una décima parte de vanadio, +100.000 ciclos de vida profunda sin riesgo de incendio, y estabilidad de rendimiento a temperaturas entre 100°C y -40°C.
MK Plus는 일본의 배터리 회사로, 바나듐 고체 배터리를 위한 첫 번째 파일럿 플랜트를 일본에 건설하기 위해 5000만 달러의 자금을 확보했습니다. Phenom Resources Corp. (TSXV: PHNM)는 MK Plus의 5% 지분을 보유하고 있습니다. MK Plus의 발표에 따르면, 그들의 배터리 기술은 바나듐 레독스 흐름 배터리(VRFB)보다 상당한 이점을 제공하며, 충전 속도가 100배 빠르고, 바나듐을 10분의 1만 사용하며, 10만 회 이상의 깊은 사이클 수명을 가지며 화재 위험 없이 100°C와 -40°C 사이의 온도에서 성능 안정성을 나타냅니다.
MK Plus, une entreprise japonaise de batteries, a sécurisé 50 millions de dollars américains de financement pour construire sa première usine pilote au Japon pour des batteries solides au vanadium. Phenom Resources Corp. (TSXV: PHNM) détient une participation de 5 % dans MK Plus. Selon la présentation de MK Plus, leur technologie de batterie offre des avantages significatifs par rapport aux batteries à flux redox au vanadium (VRFB), notamment des vitesses de charge 100 fois plus rapides, utilisant un dixième de vanadium, une durée de vie de +100 000 cycles profonds sans risque d'incendie et une stabilité de performance à des températures entre 100 °C et -40 °C.
MK Plus, ein japanisches Batterieunternehmen, hat 50 Millionen US-Dollar an Finanzierungen gesichert, um ihre erste Pilotanlage in Japan für vanadiumbasierte Festkörperbatterien zu bauen. Phenom Resources Corp. (TSXV: PHNM) besitzt einen 5%igen Anteil an MK Plus. Laut der Präsentation von MK Plus bietet ihre Batterietechnologie erhebliche Vorteile gegenüber vanadiumredoxflussbatterien (VRFB), darunter 100-mal schnellere Ladegeschwindigkeiten, die Verwendung eines Zehntels von Vanadium, +100.000 Tiefzykluslebensdauer ohne Brandrisiko sowie Leistungsstabilität bei Temperaturen zwischen 100°C und -40°C.
- MK Plus secured US$50 million funding for pilot plant development
- Phenom Resources owns 5% equity stake in MK Plus
- Battery technology shows superior performance metrics compared to VRFB
- Technology uses 90% less vanadium than traditional VRFB
- None.
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Phenom Resources Corp. (TSXV: PHNM) (OTCQX: PHNMF) (FSE: 1PY0) ("Phenom" or the "Company") is pleased to announce that the private Japanese battery company, MK Plus Co., Ltd. (MK Plus) has achieved a milestone by securing US
Phenom owns a
Paul Cowley, President & CEO of Phenom states, "We congratulate MP Plus in securing this funding which will propel its business. Phenom shareholders will benefit from our equity interest in MK Plus as MK Plus grows and succeeds. It is exciting to have a broader position of the growing battery chain future."
The features of MK Plus's vanadium solid-state battery can be highly disruptive to the stationary battery market and potentially the EV market space. According to MK Plus's corporate presentation, their battery provides higher desired performance at a lower cost over vanadium redox flow batteries (VRFB) in the large capacity battery market, claiming their battery:
- Rapidly charges in minutes (C-rate of between 100 and 300 versus C-rate of 20 in VRFB), achieving massive charging speeds 100 times faster.
- Uses one tenth of the amount of vanadium that VRFB use for an equivalent charge.
- Has +100,000 deep cycle life without heat dissipation (no fire risk) or degradation (resulting long life).
- Has been tested at ambient operating temperatures between 100oC and -40oC without loss of performance.
ON BEHALF OF PHENOM RESOURCES CORP.
per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@phenomresources.com www.phenomresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Phenom, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Phenom, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Phenom does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228440
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