Magnis Energy Technologies Limited recently announced that Imperium3 New York (iM3NY) has acquired state-of-the-art machinery from lithium-ion cell manufacturer A123 Systems to reduce overall capex requirements while bringing forward production. Magnis has a direct and indirect holding of approximately 58% of iM3NY. (Logo quoted from Magnis's official website)

The new equipment includes formation lines, slurry making, coating, stacking machines, solvent recovery and refining. The machinery will form part of a full assembly line enabling the company to further advance its technology while also expanding its production capabilities.

The purchase will enable iM3NY to further evolve its position as one of the new major player lithium-ion battery industry in the United States and internationally, as the industry continues growing exponentially and demand for products powered by lithium-ion batteries skyrockets.

The equipment was purchased from A123 Systems of Romulus, Michigan, and once installed at iM3NY’s Endicott facility, will function as its own production line. This line will allow for

further cell development as well as the capacity to create samples and prototypes for existing and prospective customers.

Once fully operational, the new line will also support small-volume production for customers and gives the New York battery plant the ability to produce 20 and 50amp hour cells. This allows iM3NY to produce lithium-ion batteries for all major markets including Electric Vehicles, buses, trucks and bikes along with Energy Stationary Storage.

(IRuniverse)