Battery X Metals Announces Commercial Revenue Share Agreement for Next-Generation Lithium-Ion Battery Rebalancing Machine Following Estimated Driving Range Increase of ~255 km of Light-Duty Electric Vehicle Model with Severe Cell Imbalance, Restoring Battery Range to ~295 km in Preliminary Trial
Battery X Metals (OTCQB:BATXF) has announced its first commercial Revenue Share Agreement for its second-generation lithium-ion battery rebalancing technology (Prototype 2.0). The agreement, made through subsidiary Battery X Rebalancing Technologies, is with a Vancouver-based automotive service center specializing in out-of-warranty Tesla vehicles.
The company will receive 20% of gross service revenue per rebalancing procedure with no direct operating costs. In preliminary trials, Prototype 2.0 demonstrated remarkable results, increasing a severely imbalanced electric truck's driving range from 40 km to 295 km, representing a 637.5% improvement. The technology has been validated on multiple platforms, including Nissan Leaf, with plans to expand to Tesla models.
The agreement operates alongside an existing Scope of Services Agreement focused on technical validation and development of standardized operating procedures across multiple EV brands.
Battery X Metals (OTCQB:BATXF) ha annunciato il suo primo accordo commerciale di condivisione dei ricavi per la sua tecnologia di riequilibrio delle batterie agli ioni di litio di seconda generazione (Prototype 2.0). L'accordo, stipulato tramite la controllata Battery X Rebalancing Technologies, è con un centro assistenza automobilistica di Vancouver specializzato in veicoli Tesla fuori garanzia.
L'azienda riceverà il 20% dei ricavi lordi per ogni procedura di riequilibrio senza costi operativi diretti. Nei test preliminari, il Prototype 2.0 ha mostrato risultati straordinari, aumentando l'autonomia di un camion elettrico fortemente sbilanciato da 40 km a 295 km, con un miglioramento del 637,5%. La tecnologia è stata validata su più piattaforme, incluso Nissan Leaf, con piani di espansione ai modelli Tesla.
L'accordo si affianca a un precedente Contratto di Servizi focalizzato sulla validazione tecnica e lo sviluppo di procedure operative standardizzate per diversi marchi di veicoli elettrici.
Battery X Metals (OTCQB:BATXF) ha anunciado su primer acuerdo comercial de participación en ingresos para su tecnología de reequilibrio de baterías de iones de litio de segunda generación (Prototype 2.0). El acuerdo, realizado a través de su subsidiaria Battery X Rebalancing Technologies, es con un centro de servicio automotriz en Vancouver especializado en vehículos Tesla fuera de garantía.
La compañía recibirá el 20% de los ingresos brutos por cada procedimiento de reequilibrio sin costos operativos directos. En pruebas preliminares, Prototype 2.0 mostró resultados notables, aumentando la autonomía de un camión eléctrico gravemente desequilibrado de 40 km a 295 km, lo que representa una mejora del 637.5%. La tecnología ha sido validada en múltiples plataformas, incluyendo Nissan Leaf, con planes de expansión a modelos Tesla.
El acuerdo opera junto con un Acuerdo de Alcance de Servicios existente enfocado en la validación técnica y el desarrollo de procedimientos operativos estandarizados para varias marcas de vehículos eléctricos.
Battery X Metals (OTCQB:BATXF)는 2세대 리튬이온 배터리 리밸런싱 기술(Prototype 2.0)에 대한 첫 상업적 수익 공유 계약을 발표했습니다. 이 계약은 자회사 Battery X Rebalancing Technologies를 통해 이루어졌으며, 보증이 만료된 테슬라 차량을 전문으로 하는 밴쿠버 소재 자동차 서비스 센터와 체결되었습니다.
회사는 직접 운영 비용 없이 리밸런싱 절차당 총 서비스 수익의 20%를 받게 됩니다. 초기 시험에서 Prototype 2.0은 심각하게 불균형한 전기 트럭의 주행 거리를 40km에서 295km로 대폭 향상시켜 637.5%의 개선 효과를 보였습니다. 이 기술은 닛산 리프를 포함한 여러 플랫폼에서 검증되었으며, 테슬라 모델로 확장할 계획입니다.
이 계약은 여러 전기차 브랜드에 걸쳐 표준화된 운영 절차 개발 및 기술 검증에 중점을 둔 기존 서비스 범위 계약과 함께 운영됩니다.
Battery X Metals (OTCQB:BATXF) a annoncé son premier accord commercial de partage des revenus pour sa technologie de rééquilibrage des batteries lithium-ion de deuxième génération (Prototype 2.0). Cet accord, conclu via sa filiale Battery X Rebalancing Technologies, est avec un centre de service automobile basé à Vancouver, spécialisé dans les véhicules Tesla hors garantie.
L'entreprise recevra 20 % des revenus bruts de service par procédure de rééquilibrage, sans coûts d'exploitation directs. Lors des essais préliminaires, le Prototype 2.0 a montré des résultats remarquables, augmentant l'autonomie d'un camion électrique fortement déséquilibré de 40 km à 295 km, soit une amélioration de 637,5 %. La technologie a été validée sur plusieurs plateformes, dont la Nissan Leaf, avec des plans d'expansion aux modèles Tesla.
L'accord fonctionne parallèlement à un accord de périmètre de services existant, axé sur la validation technique et le développement de procédures opérationnelles standardisées pour plusieurs marques de véhicules électriques.
Battery X Metals (OTCQB:BATXF) hat seine erste kommerzielle Umsatzbeteiligungsvereinbarung für seine Lithium-Ionen-Batterie-Ausgleichstechnologie der zweiten Generation (Prototype 2.0) bekannt gegeben. Die Vereinbarung wurde über die Tochtergesellschaft Battery X Rebalancing Technologies mit einem in Vancouver ansässigen Kfz-Servicezentrum geschlossen, das sich auf Tesla-Fahrzeuge außerhalb der Garantie spezialisiert hat.
Das Unternehmen erhält 20 % des Bruttoumsatzes pro Ausgleichsverfahren ohne direkte Betriebskosten. In vorläufigen Tests zeigte Prototype 2.0 bemerkenswerte Ergebnisse und steigerte die Reichweite eines stark unausgeglichenen Elektro-LKW von 40 km auf 295 km, was einer Verbesserung von 637,5 % entspricht. Die Technologie wurde auf mehreren Plattformen validiert, darunter Nissan Leaf, mit Plänen zur Erweiterung auf Tesla-Modelle.
Die Vereinbarung läuft parallel zu einem bestehenden Leistungsumfangsvertrag, der sich auf technische Validierung und die Entwicklung standardisierter Betriebsverfahren für verschiedene E-Fahrzeugmarken konzentriert.
- Successful restoration of EV battery range from 40km to 295km, demonstrating 637.5% improvement
- Revenue share model with 20% of gross revenue and zero direct operating costs
- Technology validated on multiple EV platforms including Nissan Leaf
- No direct labor, overhead, or operating costs under the agreement
- Initial R&D investment of $200,000 with expected lower future manufacturing costs
- Technology still in product development and validation phase
- Limited to specific vehicle models currently validated
- Agreement can be terminated by either party with 30 days notice
- Results based on no-load conditions, actual performance may vary with payload
News Release Highlights:
Battery X Metals Inc.'s wholly-owned subsidiary, Battery X Rebalancing Technologies Inc., has entered into a Commercial Revenue Share Agreement with an arm's length, independent Vancouver-based automotive service center specializing in out-of-warranty Tesla vehicles. The agreement marks the first commercial deployment of its patent-pending, second-generation lithium-ion battery rebalancing machine ("Prototype 2.0") in a live customer-facing environment.
Under the terms of the Agreement, Battery X Rebalancing Technologies will receive
20% of gross service revenue per rebalancing procedure, plus applicable taxes, with no direct costs incurred for labor, overhead, or shop operations-establishing a potential early-stage revenue stream with no direct operating expenses.The Revenue Share Agreement follows a successful real-world performance trial in which Prototype 2.0 restored a severely imbalanced light-duty electric truck's estimated driving range from approximately 40 kilometers to 295 kilometers-a 255-kilometer increase representing a
637.5% improvement-validating the commercial potential of the platform.
VANCOUVER, BC / ACCESS Newswire / July 18, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W)("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that, further to its news release dated July 4, 2025, in which the Company reported a significant driving range increase in a Class 3 light-duty electric vehicle (the "Electric Truck") following a real-world trial using its patent-pending second-generation lithium-ion battery rebalancing hardware and software platform ("Prototype 2.0"), its wholly owned subsidiary, Battery X Rebalancing Technologies Inc. ("Battery X Rebalancing Technologies"), has entered into a Commercial Revenue Share Agreement (the "Revenue Share Agreement") with an arm's length, independent automobile service center (the "Automotive Service Center") based in Vancouver, BC, specializing in servicing out-of-warranty Tesla vehicles.
This collaboration marks the first commercial deployment of Battery X Rebalancing Technologies' patent-pending second-generation lithium-ion battery rebalancing hardware and software platform, Prototype 2.0, in a real-world customer environment. Further to the Company's July 4, 2025 news release, the Agreement builds on the success of a preliminary real-world performance trial, in which Prototype 2.0 restored a Class 3 Electric Truck with severe battery cell imbalance from an estimated driving range of approximately 40 kilometers to approximately 295 kilometers-representing a 255-kilometer increase and a
This Revenue Share Agreement represents a critical step in Battery X Rebalancing Technologies' ongoing product development and commercialization roadmap. While Prototype 2.0 remains in its product development and validation phase, the successful rebalancing of the Electric Truck revealed an immediate market opportunity to service similar vehicles experiencing cell imbalance and range degradation. The validation phase includes continued field testing, refinement of the software architecture, implementation of data retention and analysis features, and the development of vehicle-specific adapters to expand compatibility across a wider range of EV platforms, including Tesla Model 3 and Model X (as disclosed in the Company's news release dated May 9, 2025 , and other electric vehicles.
Through the Revenue Share Agreement with the Automotive Service Center, Battery X Rebalancing Technologies is now positioned to generate near-term revenue by deploying Prototype 2.0 in a live commercial setting, without incurring any direct operating, labor, or overhead costs. This cost-efficient arrangement allows Battery X Rebalancing Technologies to pursue technical and product development validation while meeting emerging market demand. Insights gained through this collaboration are expected to inform the design and capabilities of future-generation rebalancing machines and support Battery X Rebalancing Technologies' longer-term commercialization strategy.
"This Revenue Share Agreement marks a meaningful milestone in our product development and validation roadmap," said Massimo Bellini Bressi, CEO of Battery X Metals. "It enables us to deploy Prototype 2.0 in a real-world commercial setting while continuing to refine the platform's architecture, expand multi-vehicle compatibility, and collect operational insights that will inform future product iterations. Although we remain in the product development and validation phase, this collaboration provides strong early proof-of-concept and allows us to assess market demand and customer adoption without incurring direct operational costs."
The initial focus of the Revenue Share Agreement is on servicing Electric Trucks, where Prototype 2.0 has demonstrated successful outcomes in preliminary trials. The Revenue Share Agreement may also extend to other electric vehicle platforms, including the Nissan Leaf, which has already been successfully validated, and potentially Tesla models, subject to further compatibility validation. This phased approach enables Battery X Rebalancing Technologies to meet immediate demand for electric vehicles that have already been validated, while continuing to developing compatibility with additional electric vehicle platforms prior to expanding the scope of its rebalancing services.
As previously disclosed in the Company's news release dated September 27, 2024, Battery X Rebalancing Technologies paid
The Revenue Share Agreement will operate in parallel with the parties' existing Scope of Services Agreement (the "Scope of Services Agreement"), as disclosed in the Company's news release dated May 9, 2025. The Scope of Services Agreement is focused on validating Battery X Rebalancing Technologies' proprietary rebalancing processes and Prototype 2.0. Under this agreement, the Automotive Service Center supports pre- and post-rebalancing diagnostics-initially centered on Tesla battery packs, while also extending validation efforts to additional EV platforms, including the Nissan Leaf, the second most common out-of-warranty electric vehicle in the United States, which was successfully validated as disclosed in the Company's news release dated May 30, 2025, and the Electric Truck.
These activities are intended to inform the development of standardized operating procedures (SOPs) and further demonstrate and enable the platform's compatibility across multiple EV brands. The parties are also collaborating on battery connector port integration, with Battery X Rebalancing Technologies granted facility access for equipment storage and controlled testing. The Scope of Services Agreement carries no financial obligation and is structured to enable dedicated technical validation in support of future commercial scale-up.
The Revenue Share Agreement is anticipated to complement ongoing technical initiatives while enabling Battery X Rebalancing Technologies to assess market demand and validate proof-of-concept in a live, revenue-generating environment. This early-stage collaboration provides valuable insights into service delivery, operator training, baseline pricing, and customer adoption dynamics-helping inform Battery X Rebalancing Technologies' broader commercialization strategy and potentially contributing to the development of a scalable business model over time.
Terms of the Agreement
Under the terms of the Revenue Share Agreement, Battery X Rebalancing Technologies will provide the Automotive Service Center with access to Prototype 2.0 at its primary service location for the purpose of offering lithium-ion battery rebalancing services to customers. Battery X Rebalancing Technologies will receive a fee equal to twenty percent (
For purposes of the Revenue Share Agreement, the "Gross Rebalancing Service Price" is defined as the total amount billed by the Automotive Service Center to the customer for the rebalancing service, excluding taxes and excluding any Shop-Supplied Fee (defined herein). For purposes of the Revenue Share Agreement, the "Shop-Supplied Fee" refers to a separate charge of up to five percent (
Prototype 2.0 remains the exclusive property of Battery X Rebalancing Technologies and is classified as a working prototype that supports the Battery X Rebalancing Technologies' broader research, development, validation, and commercialization roadmap. Battery X Rebalancing Technologies retains all rights, title, and interest in and to any data, diagnostic results, or performance outputs generated through its use. The Revenue Share Agreement provides Battery X Rebalancing Technologies with the right to reclaim Prototype 2.0 at any time upon not less than 24 hours' written notice.
The Automotive Service Center is required to provide monthly statements detailing all completed rebalancing procedures by the third business day of each calendar month. Based on this statement, Battery X Rebalancing Technologies will issue an invoice for the applicable BATX Fees plus taxes. Payment is due no later than the fifth business day of the same month. Any undisputed amount remaining unpaid after that time will accrue interest at a rate of
The Revenue Share Agreement will remain in effect until terminated by either party upon thirty days' written notice. Upon termination, the Automotive Service Center will be required to return Prototype 2.0 in good working condition and remit any outstanding BATX Fees, if applicable.
Electric Truck Real World Rebalancing Trial Results
Further to the Company's news release dated July 4, 2025, Battery X Rebalancing successfully completed a real-world driving trial demonstrating a significant increase in estimated driving range for a fully electric, Class 3 commercial electric vehicle, or light-duty electric vehicle (the "Electric Truck"), following a full battery rebalancing process using Prototype 2.0.
As part of its ongoing performance validation program for Prototype 2.0, Battery X Rebalancing Technologies recently conducted a series of real-world road tests on a rebalanced Electric Truck to evaluate post-rebalancing driving range and battery efficiency. The Electric Truck was supplied by an authorized Canadian distributor of the Electric Truck (the "Electric Truck Authorized Distributor") and, as represented by the Electric Truck Authorized Distributor, had previously demonstrated a significantly degraded driving range of approximately 40 kilometers per full charge caused by significant natural cell imbalance caused by real-world conditions.
In response to this battery capacity performance deficiency, Battery X Rebalancing Technologies performed a battery rebalancing procedure on the Electric Truck utilizing Prototype 2.0, as initially disclosed in the Company's news release dated June 6, 2025. During the associated rebalancing trial (the "Rebalancing Trial"), Battery X Rebalancing Technologies successfully completed a full rebalancing process on a 144-cell lithium-ion battery pack composed of lithium nickel manganese cobalt oxide (NMC) chemistry, which had exhibited substantial imbalance attributable to real-world operating conditions. The Rebalancing Trial demonstrated complete (
The Results
Following completion of the rebalancing procedure, Battery X Rebalancing Technologies conducted a series of controlled real-world performance evaluations (each, a "Trial" and collectively, the "Battery Range Performance Trials") on the Electric Truck for the purpose of assessing post-rebalancing improvements in battery range and overall energy efficiency under actual operating conditions. In the first Trial, the Electric Truck traveled a total distance of 41 kilometers, utilizing approximately
The Results demonstrate a material improvement in the estimated driving range and effective battery capacity of the Electric Truck. Specifically, post-rebalancing performance testing indicates an estimated driving range of approximately 295 kilometers per full charge under no-load conditions. These figures represent an increase of up to 255 kilometers in driving range under no-load conditions, corresponding to an approximately
The Electric Truck parent company has represented that the Electric Truck's expected driving range under maximum payload conditions is approximately 290 kilometers. Battery X Rebalancing Technologies' Battery Range Performance Trials yielded an estimated range of approximately 295 kilometers under no-load conditions following rebalancing. Although these figures were obtained under different load scenarios, the close alignment between the Electric Truck Authorized Distributor's reported range and the post-rebalancing estimate supports the reliability of Battery X Rebalancing Technologies' testing methodology. Furthermore, the Results underscore the potential of Battery X Rebalancing Technologies' rebalancing process to restore battery performance to levels consistent with the high end of manufacturer-reported specifications.
The Battery Range Performance Trials were performed under no-load conditions; it is relevant to note that payload can have an effect on energy consumption and overall driving range. This consideration is consistent with widely recognized industry dynamics and is disclosed to provide a complete and transparent understanding of factors that may influence real-world vehicle performance. Range may vary based on payload, terrain, driving behavior, and other operational conditions.
These performance outcomes further validate the effectiveness and market relevance of Battery X Rebalancing Technologies' proprietary rebalancing solution in restoring degraded battery capacity and materially extending the remaining useful life of commercial electric vehicle batteries. The Company believes these results provide compelling technical validation in support of Prototype 2.0's broader commercial deployment, particularly in fleet environments where range reliability, battery lifespan longevity, and total cost of ownership are mission-critical considerations.
Significance of Results & Market Opportunity for the Electric Truck
The Results of the Rebalancing Trial and the Battery Range Performance Trials collectively demonstrate that Prototype 2.0 is capable of effectively rebalancing lithium-ion battery packs exhibiting significant, naturally occurring cell imbalance. This successful outcome builds upon previously disclosed validation milestones achieved by Battery X Rebalancing Technologies, including third-party technical validation conducted by the National Research Council of Canada (as referenced below), as well as the Company's news release dated May 30, 2025, announcing the successful rebalancing of a naturally imbalanced Nissan Leaf battery pack-the second most common out-of-warranty electric vehicle platform in the United States.
Importantly, the Results not only validate the technical efficacy of Prototype 2.0 in an Electric Truck application, but also demonstrate its potential to recover substantial lost battery capacity resulting from cell imbalance. This performance reinforces the relevance of the Company's patent-pending technology in practical, real-world scenarios and highlights the broader need for scalable, cost-effective battery recovery solutions. The Battery Range Performance Trials further substantiates the commercial viability of Prototype 2.0 as a solution to extend the remaining useful life of aging battery packs in commercial electric vehicle fleets.
The Electric Truck and associated Electric Truck battery pack were supplied to Battery X Rebalancing Technologies at no cost for testing and evaluation by the Electric Truck Authorized Distributor, who advised that it owns and operates a fleet of approximately 20 Electric Trucks (the "Electric Truck Fleet"). According to the Electric Truck Authorized Distributor, multiple vehicles within the Electric Truck Fleet have exhibited material battery degradation and capacity loss attributable to cell imbalance. The Rebalancing Trial and the Battery Range Performance Trials were undertaken in response to the Electric Truck Authorized Distributor's request for a viable alternative to full battery replacement, which it advised may be financially prohibitive on a fleet-wide basis.
The objective of the Rebalancing Trial and the Battery Range Performance Trials was to determine whether Prototype 2.0 could effectively restore functional battery performance in a degraded battery unit sourced from the Electric Truck Fleet. Upon successful rebalancing, the Battery Range Performance Trials further aimed to quantify the extent of recovered battery capacity in terms of estimated driving range. The positive Results are expected to inform and support ongoing discussions with the Electric Truck Authorized Distributor regarding the potential deployment of the rebalancing solution across its broader fleet, with the goal of extending battery life and mitigating the operational and financial impact of premature battery replacements.
Battery X Rebalancing Technologies has been informed by the Electric Truck Authorized Distributor that a substantial number of similar electric trucks are currently in operation across various markets, including those held by the Electric Truck's parent company, authorized distributors, commercial fleet operators, and private owners. Many of these vehicles are reportedly experiencing battery degradation symptoms consistent with cell imbalance. This feedback underscores a broader market opportunity for Battery X Rebalancing Technologies to provide a scalable, cost-effective rebalancing solution aimed at extending battery life and reducing total cost of ownership for commercial EV stakeholders.
In conjunction with the Rebalancing Trial and the Battery Range Performance Trials, Battery X Rebalancing Technologies is currently advancing the development of standardized operating procedures ("SOPs") tailored to the Electric Truck Battery Pack, in addition to refining user interface and workflow enhancements within Prototype 2.0. The Company is also actively pursuing a commercial manufacturing agreement to support scalable production and deployment of its rebalancing platform. These activities are intended to further the Company's broader commercialization strategy, which is not limited to any single third-party opportunity. The Electric Truck-specific SOPs, however, are being developed in direct response to the successful Battery Range Performance Trials and the interest expressed by the Electric Truck Authorized Distributor.
While the execution of the Revenue Share Agreement with the Automotive Service Center represents the first potential revenue-generating arrangement for Battery X Rebalancing Technologies, there can be no assurance that additional commercial agreements with the Electric Truck Authorized Distributor or other third parties will be entered into at this time. Although the Company remains encouraged by the results of the Rebalancing Trial and Battery Range Performance Trials, any future commercial arrangements will be subject to further technical validation, the negotiation of mutually acceptable terms, and completion of operational readiness milestones.
The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges
In 2024, global EV sales reached approximately 17.1 million units, representing a
By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall outside of their original warranty coverage3,4. This projection is based on current EV adoption figures and standard industry warranty terms, and underscores a growing risk for EV owners facing battery degradation, reduced capacity, and costly replacement requirements5. As the global EV fleet continues to expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and support a sustainable transition to electric mobility is increasing.
The Solution: Next-Generation Technologies to Support Lithium-Ion Battery Longevity
Battery X Rebalancing Technologies' proprietary software and hardware technology aims to address this challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-effective, environmentally friendly ownership experience by reducing the need for costly battery replacements.
Battery X Rebalancing Technologies' rebalancing technology, validated by the National Research Council of Canada ("NRC"), focuses on battery cell rebalancing. The NRC validation demonstrated the technology's ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then artificially imbalanced-one cell was charged to a
These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X Rebalancing Technologies aims to support the energy transition and promote a more sustainable future.
1 Rho Motion - Global EV Sales 2024, 2 IEA Global EV Outlook 2024, 3 IEA, 4 U.S. News, 5 Recurrent Auto
About Battery X Metals Inc.
Battery X Metals (CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) is an energy transition resource exploration and technology company committed to advancing domestic and critical battery metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360° approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: mbellini@batteryxmetals.com
Tel: (604) 741-0444
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements in this release relate to, among other things: the commercial deployment and performance of Prototype 2.0; the terms and benefits of the Commercial Revenue Share Agreement with the Automotive Service Center; the expected generation of revenue without direct operating costs; the implications of the real-world Electric Truck rebalancing trial and its reported driving range improvements; the broader technical capabilities and commercial potential of Prototype 2.0; ongoing software, workflow, and compatibility validation across additional EV platforms including Nissan Leaf and Tesla models; the potential to expand deployment across the Electric Truck Authorized Distributor's fleet; anticipated market demand for the Company's battery rebalancing services; the continued development and implementation of standardized operating procedures (SOPs); the pursuit and execution of a commercial manufacturing agreement; and the Company's ability to offer scalable, cost-effective rebalancing solutions for aging EV batteries and out-of-warranty vehicles globally. These forward-looking statements reflect management's current beliefs, expectations, and assumptions as of the date of this news release, and are based on a number of factors and assumptions believed to be reasonable at the time such statements are made, including but not limited to: assumptions regarding lithium-ion battery performance and chemistry; the repeatability of Prototype 2.0 results across different EV platforms and use cases; the operational readiness of partners and service providers; the Company's ongoing contractual relationships with partners and service providers; the availability of vehicles requiring rebalancing services; and the Company's ability to refine and scale its rebalancing platform for commercial production and deployment. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: delays in product validation or commercialization; variability in real-world vehicle performance; inability to replicate initial results; failure to secure additional commercial agreements or customers; market adoption risk; evolving regulatory conditions; manufacturing or supply chain limitations; intellectual property challenges; and general business, economic, competitive, political, or social uncertainties. There can be no assurance that the Company will achieve commercial adoption of Prototype 2.0, secure additional deployments or fleet partnerships, or generate revenue as anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, Battery X Metals Inc. undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances. Additional risk factors may be found in the Company's continuous disclosure filings available under its profile at www.sedarplus.ca.
SOURCE: Battery X Metals
View the original press release on ACCESS Newswire
FAQ
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