Volt Carbon Technologies Reaches 1,100 Cycles with Its High Energy Density Lithium Iron Phosphate / Li-Metal Battery

Volt Carbon Technologies Inc. (TSXV: VCT) (OTCQB: TORVF) ("Volt Carbon" or the "Company") is pleased to announce that, further to its last update on May 8, 2024, the Company has now reached 1,100 cycles in the testing of its proprietary Lithium Iron Phosphate / Li-metal (LFP) battery using its internally developed electrolyte.

Highlights
These batteries, manufactured at Volt Carbon's subsidiary, Solid Ultra Battery's ("SUB") facility in Guelph, Ontario, continue to show excellent performance, retaining 80% of their capacity after 1,100 cycles as show in Figure 1 below.
These results represent significant progress from the 800 cycles reported earlier this year and demonstrates the ongoing advancement of Solid Ultra Battery's high-energy LFP technology, positioning Volt Carbon to commercialize its innovative energy storage solutions.

Volt Carbon's high-energy LFP / Li-metal battery technology continues to address the industry-wide challenge of balancing cost-effectiveness with high performance. The breakthrough in cycle life further enhances the competitiveness of LFP / Li-metal chemistries for use in electric vehicles, aerospace, and battery-powered devices by eliminating the need for expensive nickel and cobalt materials.

Fig. 1: Li-Metal LFP Coin Cell, Charge/Discharge data, 2.5-4.0V, C/3, 25 °C

Volt Carbon's CEO, V-Bond Lee, commented, "Our latest results mark a major milestone in our journey to revolutionize energy storage. Reaching 1,100 cycles reflects our team's commitment to pushing the boundaries of LFP / Li-metal battery technology. Our specially developed electrolyte has played a crucial role in ensuring the success of these results, and we look forward to advancing our technology even further in the coming months."

Next Steps
Volt Carbon will continue to enhance its LFP / Li-metal technology, with a goal of achieving 80% capacity retention and even higher cycle life in the next phase of development. Additionally, the Company is focused on scaling its battery production at the Guelph facility to meet increasing demand for its advanced energy storage solutions.

Volt Carbon Technologies I http://voltcarbontech.com/