Sign up USA
Proactive Investors - Run By Investors For Investors

UltraCharge teams with Arotech Corporation to develop battery technology

UltraCharge’s research focus remains on the production of nanotube anode.
A AA sized battery
The company’s share price increased by 11% on Thursday

UltraCharge (ASX:UTR) has entered into a licence agreement with Epsilor, a subsidiary of the US-based Arotech Corporation (NASDAQ:ARTX) for a new battery intellectual property (IP).

The company’s share price increased by 11% on Thursday, closing at A$0.03.

This exclusive license agreement with Epsilor will boost research capacity and assist in accelerating UltraCharge’s current research programmes to develop a nanotube anode using titanium dioxide.

This is being developed as a replacement for graphite in lithium batteries.

UltraCharge’s research focus remains on the efficient production of nanotube material and increasing the density capacity of the materials, which determines the battery size.

The company will take up the sub-lease of Epsilor’s facilities at the Beit Shemesh Facility in Israel for a 12-month period, with two 12-month extension options, at a cost of US$113,000 per annum.

This cost includes the resourcing of the facility, including specialised equipment and a highly-experienced research team in the field of energy storage and commercialisation of such technologies.

Should UltraCharge decide not to acquire the IP technology outright, it will be required to pay Epsilor a future royalty of 2.5% on gross sales of the products based on this technology.

UltraCharge’s acquisition of this license agreement is expected to enable the company to take advantage of the growing global market for fast, reliable and safe energy storage options.

View full UTR profile View Profile

UltraCharge Ltd Timeline

April 15 2013
February 10 2013

Related Articles

An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.
Empty meeting room
March 06 2018
The company's eponymous flagship product is not the only remote meetings enabler out there, but judging by the company's rapid growth, it is one of the best
picture of trading screens
With an optimistic outlook on future earnings, the company expects to recommend its first dividend in the second half of the current financial year.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright ©, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use