Core Insights - noco-noco has secured a contract to acquire manufacturing equipment featuring X-SEPA™ technology, marking a significant advancement in its "restart plan" [1][4] - The X-SEPA™ technology is expected to extend battery lifespans by up to five times and enhance durability in high-temperature conditions [2][3] - The collaboration with 3DOM Alliance will enable noco-noco to produce up to 35MWh worth of separators, facilitating sample deliveries and accelerating energy storage system (ESS) projects [4][5] Company Developments - The contract signed on October 11 involves the transfer of manufacturing equipment valued at approximately $9 million in exchange for around 90 million new shares issued at a reference price of 10 cents per share [4] - noco-noco anticipates that the production from the new equipment will generate annual revenue of up to $3 million, initially through paid sample provisions requested by 40 companies [5] - This asset transfer is expected to improve noco-noco's shareholders' equity position, positioning the company favorably for future financing [6] Industry Context - The APAC separator market is projected to grow from approximately $6 billion to around $30 billion over the next 10 years, indicating significant growth potential for noco-noco [5]
noco-noco Takes Significant Step in Re-start efforts with Acquisition of Revolutionary X-SEPA Technology Production Equipment