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Solidion Technology, Inc. (STI) is at the forefront of the energy solutions sector, dedicated to advancing battery materials and next-generation battery technologies. Headquartered in Dallas, Texas, with pilot production facilities in Dayton, Ohio, Solidion specializes in the research, development, and manufacturing of high-capacity anode materials and high-energy solid-state batteries. The company is a recognized global leader in intellectual property for solid-state battery technology.
Solidion’s core business includes the development and production of innovative batteries for energy storage systems and electric vehicles across ground, air, and sea transportation sectors. Their product lineup is divided into two key categories: advanced anode materials ready for production expansion, and three classes of solid-state batteries. These batteries include Silicon-rich all-solid-state lithium-ion cells (Gen 1), anodeless lithium metal cells (Gen 2), and lithium-sulfur cells (Gen 3). All batteries feature an advanced polymer- or polymer/inorganic composite-based solid electrolyte, which enables manufacturing using current lithium-ion cell production facilities, ensuring a rapid market introduction.
Solidion is currently working on a significant project to build a graphite production facility in the Southeast United States. This facility aims to produce 10,000 metric tons per annum (MTA) by 2026, with plans to expand to approximately 180,000 MTA by 2030. This initiative will address the growing domestic demand for battery-grade graphite, using biomass as a sustainable feedstock material.
The company's Fireshield™ electrolyte technology facilitates the conversion of existing Li-ion battery facilities to produce solid-state lithium batteries with minimal modifications. This revolutionary platform technology allows for the production of safe, quasi-solid, and solid-state batteries, which can be used in various applications, including electric vehicles (EVs) and electric vertical takeoff and landing (eVTOL) aircraft.
Solidion’s solid-state batteries promise to revolutionize the EV industry by offering extended ranges, improved safety, and lower costs per kWh. The company actively engages in strategic partnerships across various industries to accelerate the commercialization of its advanced battery technologies.
For further information, investors can reach out to ir@solidiontech.com and media inquiries can be directed to press@solidiontech.com. For technical questions, contact Dr. Bor Jang, Chief Science Officer, at Bor.Jang@solidiontech.com.
Solidion Technology, Inc., an advanced battery technology solutions provider, has announced a $4 million private placement with institutional investors. The company will issue approximately 12,217,468 units and pre-funded units, each consisting of one share of common stock (or pre-funded warrant) and three common warrants. The common warrants will be exercisable for 5.5 years from the stockholder approval date.
The closing is expected on September 3, 2024, subject to customary conditions. Solidion plans to use the net proceeds for general working capital and administrative purposes. EF Hutton is acting as the exclusive placement agent. The securities offered have not been registered under the Securities Act of 1933 and are only available to accredited investors.
Solidion Technology, Inc. (NASDAQ: STI) is seeking strategic partnerships to accelerate the commercialization of lithium-sulfur (Li-S) batteries for global transportation electrification. These advanced batteries aim to double EV driving range without increasing battery weight. Li-S batteries offer several advantages:
1. Potential for 800-mile range on a single charge
2. Theoretical energy density exceeding 600 Wh/kg
3. Use of abundant, low-cost sulfur as cathode material
4. Absence of rare metal elements like cobalt and nickel
Solidion has developed solutions to overcome key technical challenges, including lithium metal dendrite formation, low sulfur conductivity, and undesired chemical migration. The company's innovations include graphene/elastomer-protected anodes, 3D graphene-protected cathodes, and quasi-solid state electrolytes, all protected by a strong IP portfolio.
Solidion Technology, Inc. (NASDAQ: STI) has achieved a significant milestone in advanced battery technology. Their silicon-rich anode material has been validated by third-party testing, showing performance comparable to the best silicon anode materials in the industry. Unlike competitors who use toxic silane gas and expensive chemical vapor deposition (CVD) processes, Solidion's innovative approach uses alternative methods, making it safer and more cost-effective.
The company's silicon anode materials demonstrate easy incorporation into battery cells and superior first cycle efficiency compared to non-silane, non-CVD alternatives. This breakthrough positions Solidion as a leading North American supplier of Si-based battery anode materials, with potential to extend EV driving range by 20-40%. Solidion's predecessor, G3, is already recognized as a global leader in silicon anode patent landscape, ranking No. 1 in the USA.
Solidion Technology, Inc. (NASDAQ: STI) has been granted 20 new US patents in the first 8 months of 2024, expanding its intellectual property portfolio to over 570 patents globally. This strengthens Solidion's position in advanced battery technologies, particularly for electric vehicles (EV) and energy storage systems (ESS).
Solidion offers a wide range of advanced anode materials, from sustainable graphite to silicon and lithium metal anodes, with capacities up to 3,500+ mAh/g. The company is recognized as a leader in solid-state electrolytes and silicon anode technology, and ranks first globally in sodium-ion battery IP value.
Solidion aims to provide scalable solid-state batteries compatible with current lithium-ion production facilities, potentially transforming the EV battery industry with improved range, safety, and cost-effectiveness.
Solidion Technology Inc. (Nasdaq: STI), an advanced battery technology solutions provider, has released its Q2 2024 financial results. The company reported net income of $22 million and earnings per share (EPS) of $0.23, primarily due to a $24.97 million change in the fair value of derivative liabilities. However, Solidion also reported a $2.9 million loss from continuing operations.
CEO Jaymes Winters emphasized the company's progress towards commercialization and focus on cost reduction. Solidion has achieved significant technological milestones in graphite and silicon anode battery materials technologies. Additionally, the company was added to the Russell 3000® Index on June 28th, 2024.
Solidion Technology (Nasdaq: STI), a leader in advanced battery solutions, announced its inclusion in the Russell 3000® Index, effective from market open on July 1, 2024. This addition is part of the annual reconstitution of the Russell US Indexes, which ranks the 4,000 largest U.S. stocks by market capitalization as of April 30, 2024.
Inclusion in the Russell 3000® Index guarantees Solidion's membership in either the large-cap Russell 1000 or small-cap Russell 2000 Index, as well as relevant growth and value style indexes. This milestone reflects Solidion's progress and potential in the battery technology sector and is expected to enhance its visibility among investors.
The inclusion is significant as Russell indexes are widely used by investment managers and institutional investors, with approximately $10.5 trillion in assets benchmarked against them as of December 2023. FTSE Russell, a global index provider, determines membership based on market capitalization and style attributes.
Solidion Technology (NASDAQ: STI) announced plans to expand production capacity for silicon-rich graphene composite materials in early 2025. These advanced anode materials can increase the energy density of lithium-ion batteries, potentially extending the driving range of electric vehicles (EVs) by 20-40% without additional weight. Solidion’s Dayton, Ohio facility will handle the manufacturing. Industry leaders confirm the efficiency of Solidion's materials, validated by third-party coating tests. Historically, Solidion and its predecessor G3 are recognized leaders in silicon anode patents. The company aims to partner with other entities to scale production.
Solidion Technology announced a major technical milestone in its battery technology development, focusing on graphite anodes for EV batteries. The company's proprietary graphite anode technology, tested independently, shows one of the highest specific capacities available in the market. It achieves this performance at a cost comparable to imported options, meeting the requirements of the Inflation Reduction Act. A significant portion of the graphite will be sourced from renewable biomass, emphasizing sustainability. This development positions Solidion as a competitive player in the North American EV battery market.
Solidion Technology (Nasdaq: STI) announced its Q1 2024 financial and operating results. The company reported a $3.8 million operating loss and a net loss of $29.7 million. This net loss includes $8.2 million due to changes in the fair value of derivative liabilities and $17.8 million from issuing common stock and warrants related to Private Placement financing. Despite these losses, CEO Jaymes Winters emphasized progress towards the commercialization of their battery materials products, with potential market entry either organically or through partnerships.
On June 6, 2024, Solidion Technology announced it received a delinquency notification from Nasdaq due to a delay in filing its Quarterly Report for the quarter ended March 31, 2024. This delay means the company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely submission of financial reports to the SEC. Solidion has 60 days to submit a plan to regain compliance, and if approved, could receive up to 180 days to meet the requirements. The notification does not impact the immediate trading of Solidion's stock (STI) on the Nasdaq Global Market. The company is working diligently to file the report as soon as possible.
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