Addtime:2022-06-23 10:52:31Publisher:SIDUS ENERGYQuote from:

JUNE 23, 2022 - FREMONT, CALIFORNIA – Sidus Energy, a leading battery technology company, has announced that it has signed a Sample Transfer Agreement with PSA Automobiles S.A., which is part of the Stellantis Group. This agreement will support the collaboration of the Cobalt-free technology developed by IBM for use in the electric vehicle automobile market.  

Sidus and PSA reviewed the advanced technology and benefits of the Cobalt-free technology. After a detailed technical review of the performance of the battery cells, Sidus and PSA agreed to formalize the sample transfer agreement. The signing of the agreement and shipment of prototype battery cells represents an important milestone toward the commercialization of this technology. With these battery cells, PSA can begin the testing process at their facilities and provide feedback on the performance of the cells.  

“Sidus Energy is excited to begin formal testing of its batteries with PSA and its Evaluation Test Protocols, and have PSA validate the measurement of key performance metrics,” said Shelly Deng, CEO of Sidus Energy. “The results of the testing will be shared with Sidus in written reports and will provide important feedback about the battery technology. This is an important step in the commercialization of NEO technology.” 

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About Sidus Energy

Sidus Energy Limited is a technology company commercializing the revolutionary cobalt-free battery technology from IBM. The breakthrough technology uses novel proprietary materials that totally eliminate the use of any heavy metals. It is not only more environmentally friendly and cost effective, but also has excellent performance in charging time, extended temperature operation, high energy and power density, and cycle life. Our vision is a greener world powered by Sidus batteries. We are expanding globally and are building a diverse and collaborative team of talents to create a better greener world.