Telescope Innovations and Standard Lithium Demonstrate Low-Temperature, High-Purity Production of Lithium Sulfide for Solid-State Batteries

Rhea-AI Summary

Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) and Standard Lithium (TSXV: SLI) (NYSE American: SLI) have successfully developed a new method for producing high-purity lithium sulfide, a important material for next-generation solid-state batteries (SSBs). The innovative low-temperature, high-purity process addresses key challenges in lithium sulfide production:

• Reduced production costs due to lower energy consumption
• Improved product purity for enhanced SSB performance
• Simplified production process for easier management and scalability
• Environmental benefits from reduced energy use and potentially less hazardous reagents

This breakthrough aims to establish a North American-based resource and infrastructure for next-generation battery materials, potentially transforming the solid-state battery industry.

Positive

• Development of a new, low-temperature method for producing high-purity lithium sulfide
• Potential for reduced production costs due to lower energy consumption
• Improved product purity, meeting stringent requirements for advanced SSB technologies
• Filed provisional patents for the novel synthesis process
• Simplified production process allowing for easier management and scalability
• Potential to establish a North American-based resource for next-generation battery materials

Negative

• None.

Chemical Industry Expert

This breakthrough in lithium sulfide production is a significant development for the solid-state battery (SSB) industry. The new low-temperature, high-purity process addresses key challenges in manufacturing this critical material. Lower production costs and improved product purity could accelerate the adoption of SSBs in electric vehicles and other applications.

The simplified production method and potential for scalability are particularly noteworthy. If successfully commercialized, this could help establish a stable, North American supply chain for high-quality lithium sulfide, addressing a critical gap in the market. The environmental benefits of reduced energy consumption align well with the green technology ethos of the EV industry.

However, it's important to note that while promising, this technology is still in its early stages. The path from lab-scale success to commercial production can be challenging and time-consuming. Investors should monitor future updates on scalability and commercial partnerships.

Battery Technology Analyst

This innovation could be a game-changer for solid-state batteries. High-purity lithium sulfide is important for sulfide-based solid electrolytes, which are key to unlocking the potential of SSBs. The advantages of SSBs - enhanced safety, higher energy density and longer cycle life - make them highly desirable for next-generation EVs.

The low-temperature process is particularly intriguing. It not only reduces production costs but potentially allows for simpler manufacturing setups. This could lower the barrier to entry for production and accelerate the scaling of SSB technology. The high purity achieved is also critical, as impurities can significantly impact battery performance and lifespan.

While this development is promising, it's important to remember that SSB technology is still evolving. Other challenges, such as interface stability and cycle life at commercial scales, need to be addressed before widespread adoption. Nevertheless, this breakthrough could position Telescope Innovations and Standard Lithium as key players in the emerging SSB supply chain.

Vancouver, British Columbia--(Newsfile Corp. - August 28, 2024) - Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) ("Telescope Innovations" or the "Company"), a leading developer of advanced technologies and services for the global pharmaceutical and chemical industries, announces the successful outcome of a research collaboration with Standard Lithium Ltd. (TSXV: SLI) (NYSE American: SLI) ("Standard Lithium").

Over the past year, Telescope Innovations and Standard Lithium have worked together to develop a new method for producing high-purity lithium sulfide, a key material needed for the next generation of solid-state batteries ("SSBs"). These advanced batteries are expected to power future electric vehicles ("EVs") and other high-tech devices, offering greater efficiency and safety compared to today's lithium-ion batteries.

WHY IS THIS IMPORTANT?

Lithium sulfide plays a crucial role in next-generation solid-state battery technologies, particularly as a component in sulfide-based solid electrolytes. These solid electrolytes are essential for all-solid-state batteries, which offer significant advantages over traditional lithium-ion batteries, including enhanced safety, higher energy density, and longer cycle life.

However, the production of lithium sulfide has traditionally faced significant challenges:

• High temperatures: Most synthesis methods require high temperatures, leading to increased energy consumption and production costs.
• Purity concerns: Achieving and maintaining high purity is crucial, as impurities can compromise the quality of the final product and the performance of SSBs.
• Scalability: Scaling up production from the laboratory to meet industry demands has been a persistent challenge; as a result, there is no existing stable supply of low-cost, high purity lithium sulfide available to service the developing SSB supply chain.

OUR SOLUTION

Telescope Innovations approached these challenges by applying their expertise in advanced process chemistry, utilizing robotics and artificial intelligence to identify a novel, scalable, and more direct route to produce lithium sulfide. This low-temperature, high-purity process offers several distinct advantages:

• Reduced production costs: Lower temperatures directly reduce energy consumption, making the production process more cost-effective relative to existing lithium sulfide production routes.
• Improved product purity: The high-purity production method significantly minimizes impurities, ensuring a higher quality end product that meets the stringent requirements for advanced SSB technologies.
• IP protected: Provisional patents for this novel and innovative synthesis have been filed.
• Simplified production: The low-temperature process allows for simpler equipment and less complex procedures, facilitating easier management and scalability.
• Environmental benefits: The reduction in energy consumption and the potential use of less hazardous reagents make this process more environmentally friendly, aligning with the growing demand for sustainable technologies.

Professor Jason Hein, CTO of Telescope Innovations, stated, "This collaboration has leveraged our expertise in chemistry alongside Standard Lithium's deep knowledge of battery materials. We've developed a solution with the potential to transform the solid-state battery industry. This project addresses the critical limitation of a constrained supply chain for next-generation battery materials, and aims to establish a pivotal North American-based resource and infrastructure. We are excited to build upon this partnership as we continue to advance innovative technologies."

"Our work in the Smackover Formation remains our primary focus, driving the development of sustainable lithium production. However, as part of our mission to stay at the forefront of industry advancements, we are also positioning ourselves to meet the demands of next generation battery technologies. This collaboration is a continuation of our long-standing commitment to innovation in lithium technology," said Dr. Andy Robinson, President and COO of Standard Lithium. "This project with Telescope Innovations is an important part of that strategy. By working with the brightest minds in the industry and leveraging these learnings, we are not only advancing our technological capabilities but also enhancing our ability to attract strategic partnerships-just as we have successfully done in the past. This approach continues to create value for our shareholders and ensures we are well-prepared for the future of solid-state battery chemistry."

About Standard Lithium Ltd.

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction ("DLE") and purification process. The Company's flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company is advancing the Phase 1A project in partnership with LANXESS Corporation, a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.

Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol "SLI". Please visit the Company's website at https://www.standardlithium.com.

About Telescope Innovations

Telescope Innovations is a chemical technology company developing scalable manufacturing processes and tools for the pharmaceutical and chemical industry. The Company builds and deploys new enabling technologies including flexible robotic platforms and artificial intelligence software that improves experimental throughput, efficiency, and data quality. Our aim is to bring modern chemical technology solutions to meet the most serious challenges in health and sustainability.

On behalf of the Board,

Telescope Innovations Corp.

Jeffrey Sherman, Chief Operating Officer

E: jeff@telescopeinn.com

Forward-Looking Information

Forward-looking information is based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information.

Forward-looking statements in this document include expectations surrounding lithium sulfide as a key material for the next generation of SSBs, the use of SSBs to power future electric vehicles and other high-tech devices, the greater efficiency and safety of SSBs compared to today's lithium-ion batteries, the use and viability of Telescope Innovations' low-temperature, high-purity process for producing lithium sulfide and associated advantages of reduced energy costs, improved product purity, simplified production, and environmental benefits, the potential of Telescope Innovations' solution to transform the solid-state battery industry, the establishment of a pivotal North American-based resource and infrastructure for next-generation battery materials, Telescope Innovations' ability to continue to develop innovative technologies, and all other statements that are not statements of historical fact.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with the global COVID-19 pandemic; general economic conditions; adverse industry events; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221282

FAQ

What is the significance of Telescope Innovations and Standard Lithium's new lithium sulfide production method for TELIF stock?

The new method could potentially transform the solid-state battery industry by providing a more cost-effective, high-purity, and scalable production process for lithium sulfide, a important material in next-generation batteries. This breakthrough could position TELIF as a key player in the evolving electric vehicle and high-tech device battery supply chain.

How does the new lithium sulfide production process developed by Telescope Innovations (TELIF) differ from traditional methods?

The new process operates at lower temperatures, reducing energy consumption and production costs. It also yields higher purity lithium sulfide and uses a simplified production method, making it more scalable and environmentally friendly compared to traditional high-temperature synthesis methods.

What are the potential applications of the high-purity lithium sulfide produced by Telescope Innovations (TELIF)?

The high-purity lithium sulfide is a key component in sulfide-based solid electrolytes used in solid-state batteries. These advanced batteries are expected to power future electric vehicles and high-tech devices, offering greater efficiency and safety compared to current lithium-ion batteries.

Has Telescope Innovations (TELIF) secured any intellectual property rights for their new lithium sulfide production method?

Yes, Telescope Innovations has filed provisional patents for their novel and innovative lithium sulfide synthesis process, protecting their intellectual property in this breakthrough technology.