Government of Canada Invests $500k in Funding Announcement
Brisbane, Aug 30, 2017 AEST (ABN Newswire) - NOVONIX Ltd (
ASX:NVX) (GC3:FRA) announces the Government of Canada is investing $500,000 in Novonix Battery Testing Services Inc. to help the company's team further develop and market its innovative battery testing technologies.
HIGHLIGHTS
- The Government of Canada invests $500,000 in NOVONIX Battery Testing Services Inc by way of an interest free loan to help further develop and market NOVONIX's innovative battery testing technology
- The funding was announced by The Honourable Kirsty Duncan, Minister of Science, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA). Darren Fisher, Member of Parliament for Dartmouth-Cole Harbour, also took part in the event.
- The federal funding is being allocated through ACOA's Business Development Program which supports small and medium-sized enterprises.
- Over 70 people attended the announcement including NOVONIX founders Dr Chris Burns and Dr David Stevens and Professor Jeff Dahn from Dalhousie University where NOVONIX Battery Testing Services Inc was spun out from
NEWS RELEASE
To view the news release issued today August 29, 2017 by the Government of Canada's Atlantic Canada Opportunities Agency (ACOA), please visit:
http://abnnewswire.net/lnk/SDX1QBDJ
About NOVONIX Limited
NOVONIX Limited (ASX:NVX) (FRA:GC3) (OTCMKTS:NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries. NOVONIX's mission is to support the global deployment of lithium-ion battery technologies for a cleaner energy future.
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