FinTechFunding

Strategic Elements: Advances $1M govt. backed project for self-charging batteries

  • Strategic Elements (SOR) subsidiary, Australian Advanced Materials, is accelerating the development of the self-charging flexible battery technology
  • This $1 million project is being partially funded by the Australian Research Council
  • The expected outcomes are new electronic materials for a wide range of uses in flexible electronics
  • Then the Internet of Things industry is expected to be worth US$15.9 billion (roughly A$22.5 billion) by 2025
  • Battery cells also have a competitive advantage over lithium batteries as they are thin and light, self-charging, flexible, and environmentally friendly
  • Company shares have dropped 7.14 percent and are trading for 13 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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