LWP Technologies Ltd finalises investment in graphene related battery technology

LWP has undertaken extensive due diligence on the investment and additional investigations to ensure the investment is in the best interests of shareholders.
LWP Technologies Ltd finalises investment in graphene related battery technology

LWP Technologies Ltd (ASX:LWP) has finalised its 50% investment in GraphenEra Pty Ltd, an entity that plans to develop an aluminium-graphene-air battery technology.

LWP has undertaken extensive due diligence on the investment and additional investigations to ensure the investment is in the best interests of shareholders.

The company recently raised $1.6 million through an oversubscribed placement of shares to fund LWP's investment in GraphenEra.

Funds invested will be prioritised by GraphenEra to fast track the development of the patent-pending aluminium-graphene-air battery.


GraphenEra

GraphenEra owns 3 patent applications, for an investment of $1.6 million cash and 30 million LWP shares.

LWP now owns a 50% stake in GraphenEra, which will be the exclusive owner of the patents and technology rights.

The inventor of the technology is an Australian based, Russian born scientist, Victor Volkov.

Patent Application #1

Invention: The invention relates to the sphere of electrical energy storage and notably to metal-air electrochemical cells.

Application: Aluminium-graphene-air battery.

Patent Application #2

Invention: The invention belongs to the field of metallurgy and notably to productive metal-based conductive composite with improved mechanical and chemical properties. Particularly, the invention relates to a method for producing graphene-aluminium composite material.

Application: Aluminium-graphene composite.

Patent Application #3

Invention: The invention relates to the sphere of electrical energy storage and notably to metal-ion electrochemical cells.

Application: Aluminium-graphene-ion ultra fast rechargeable battery.


Patent #1 development program

Development is estimated to take 6 to 12 months and consist of:

- construction of first prototype battery;
- independent testing of prototype; and
- building of up to 5 batteries for evaluation by potential licensees.

Once GraphenEra licenses Patent #1 it intends to commence proto-typing and commercialisation for patents #2 and #3.


Recent capital raising

LWP recently raised $1.6 million through an oversubscribed placement of 320 million shares issued to institutional and sophisticated investors at $0.005 per share.

LWP has also launched a share purchase plan (SPP) following the placement, which is expected to raise an additional $500,000.

The SPP closes at 5.00pm Sydney time on 20 July, 2016.

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