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Li-S Energy Ltd ( (AU:LIS) ) has shared an update.
Li-S Energy Limited has made significant progress in two key initiatives: the Pegasus I Drone Program and the establishment of Australia’s first lithium foil production line. The Pegasus I Drone Program, supported by the Australian government, aims to develop a drone capable of extended flight durations using Li-S Energy’s lithium-sulfur batteries and advanced solar cells, with potential applications in various industries. Concurrently, the company is advancing its lithium foil production line, supported by a $1.7 million grant, to enhance its battery manufacturing capabilities and generate early revenue through global supply.
More about Li-S Energy Ltd
Li-S Energy Limited operates in the energy sector, focusing on the development and commercialization of advanced lithium-sulfur battery technology. The company is involved in creating innovative energy solutions, with a particular emphasis on applications in aviation, defense, and other sectors requiring sustainable and efficient power sources.
Average Trading Volume: 142,199
Technical Sentiment Signal: Sell
Current Market Cap: A$70.42M
See more insights into LIS stock on TipRanks’ Stock Analysis page.