Reference is made to the stock exchange announcements 28 October 2021 where
Bergen Carbon Solutions announced a letter of intent with major Japanese
corporation to develop an additive solution that can be used in the
anode-graphite for lithium-ion based batteries globally. The solution aimed to
increase conductivity and reduce resistance in battery anode materials utilizing
green carbon nanofiber (CNF) from BCS.
On 9 December 2021 Bergen Carbon Solutions announced that based on the initial
results, which showed good potential for our green carbon nanofibers, the
parties continued to the next step and in the first quarter 2022 performed real
life battery cell tests with our carbon nanofibers. As announced in our first
quarter report, the results from these tests, which we cannot publish due to
confidentiality and commercial reasons, were very positive. We are happy to
announce that the major Japanese corporation has now acquired additional CNF
from us which will be shipped imminently.
Some of the major clients the company aim to serve in the future, in particular
within the battery and industrial segments, will require reliable supply and
large volumes of CNF. The Norwegian Government has also included utilization of
CO2 as a key element of the carbon capture, utilization and storage (CCUS)
strategy. Several battery factories will be established in Norway in the coming
years and huge investments has also been announced within production of key
materials for batteries, for example in anode-graphite. Bergen Carbon Solutions
is ideally positioned to become an integrated part of this industry.
Globally, it becomes more and more clear that the use of CNF is increasingly a
part of batteries in the future. Bergen Carbon Solutions is honoured that the
major Japanese corporation acknowledges the quality of our product and the
recent development provides a good basis for expanding our business
relationship.
ENDS
About Bergen Carbon Solutions | www.bergencarbonsolutions.com | Bergen Carbon
Solutions uses innovative technology to produce carbon nanofibers, using CO₂ and
Norwegian hydropower. This makes the production unique and environmentally
friendly. Bergen Carbon Solutions is listed on Euronext Growth under the ticker
BCS.
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