Leading Edge Materials Corp. ("Leading Edge Materials") or (the "Company") (TSXV:LEM) (OTCQB: LEMIF) is pleased to announce the partnering with Northvolt AB as a part of an innovation project agreement with InnoEnergy for the establishment of a Large Scale Battery Manufacturing Project in Sweden. The aim of the project is that LEM will contribute to the production of battery cells through qualification of sustainably produced natural graphite.
The project is focused on developing the conditions for a local source, very low CO2 impact and leading cost structure for battery cell manufacturing.
Blair Way, President and CEO, stated "This is an exciting time for the lithium ion battery market and we are very pleased to be a part of such an important project in the EU. The demand for lithium ion batteries is forecast to be strong as the world shifts to low emission transport and storage options. It is an excellent opportunity to participate in a program such as this to demonstrate our ability to be an important part of the supply chain for large scale lithium ion battery manufacturing."
On behalf of the Board,
Blair Way, President & CEO
Leading Edge Materials | http://www.leadingedgematerials.com
Northvolt | http://www.northvolt.com
InnoEnergy | http://www.innoenergy.com