Volt Resources Limited advised it has entered into a joint development agreement with 24M Technologies, Inc. ("24M"). Based in Cambridge, Massachusetts, USA, 24M is solving the grand challenge of energy storage with the invention of the SemiSolidTM manufacturing platform, that revolutionises the cell product and process. By upending the design of and the process to manufacture lithium-ion battery cells, 24M solves the critical challenges associated with the world's preferred form of energy storage: reducing costs while improving performance. 24M has a renowned customer base including license agreements with Kyocera Corporation, FREYR AS, Lucas TVS Ltd., Volkswagen Group and Fujifilm Corporation. The ongoing testwork is being undertaken by Volt's technology partner in the United States, American Energy Technologies Co. ("AETC"), an established commercial graphite producer and
processor which is headquartered in Illinois, USA.