Magnis Energy Technologies Ltd (ASX:MNS, OTCQX:MNSEF) has advanced the planned Active Anode Manufacturing (AAM) demonstration plant in the US with the order of key equipment and the appointment of a commercial real estate advisor.
The company tapped Jones Lang Lasalle, Americas Inc (JLL) to assist in identifying and securing a real estate solution for Magnis’ proposed AAM facility in the US that meets long-term operational requirements.
JLL will also assist MNS in selecting, negotiating and documenting the transaction for the planned facility.
“Experience, technology and resources”
“We are very pleased to have engaged Jones Lang Lasalle to assist with the site selection process for our US active anode materials facility,” Magnis Energy Technologies CEO David Taylor said.
“There are multiple factors that need to be considered when identifying and securing a suitable site, and Jones Lang Lasalle demonstrated that they have the experience, technology and resources to meet our needs.
Magnis has also placed an order for key long-lead items with leading supplier Hosokawa Alpine Aktiengesellschaft for its AAM Demonstration Plant.
In collaboration with battery technology partner C4V LLC, Magnis will produce battery-grade materials at the AAM facility to provide prospective customers with samples as part of their qualification process.
“The placement of key equipment orders for our demonstration plant is a major step forward and we are now looking forward to working in collaboration with our technology partner C4V to advance the project into the delivery phase,” Taylor said.