Magnis Energy Technologies: Signs deal with Omega Seiki

Magnis Energy Technologies Signs deal with Omega Seiki

• Magnis Energy Technologies (MNS) partner Charge CCCV signs an agreement with electric vehicle manufacturer Omega Seiki
• Charge, Magnis and Boston Energy and Innovation all have stakes in the iM3NY Lithium-ion Battery Plant in New York
• The five-year deal beginning will see Charge supply its lithium-ion batteries to the three-wheel producer with initial fulfilment coming from the iM3NY plant
• All up, MNS says the volumes will exceed 1.1GWh over the period of the contract with a dollar value of over US$160 Million
• MNS also advises there may be a delay in its planned OTC Markets listing in the US due to a backlog of applications