NOVONIX Limited announced the opening of its new pilot production facility aimed to position NOVONIX as an industry leader in cathode technology. The program will be housed in a newly opened, 35,000-square-foot facility and leverage NOVONIX's all-dry cathode synthesis technology to pilot its patent-pending technology for material production with the target of servicing the rapidly expanding electric vehicle (EV) and energy storage sectors. This pilot scale facility will allow the Company to demonstrate the feasibility of large-scale production, with the production target of up to 10 tonnes per annum. The development of the Simmonds Drive Facility was supported by funding of CAD 1 million from the Government of Canada through the Atlantic Canada Opportunities Agency (ACOA) and CAD 1.675 million from Next Generation Manufacturing Canada.

As part of the facility opening, NOVONIX will expand its internal cathode development team and on-site analytical capabilities.  In addition to piloting new cathode material development, the facility will also house NOVONIX's engineering and production lines for Ultra-High Precision Coulometry Cyclers.