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Li-S Energy Ltd ( (AU:LIS) ) has provided an update.
Li-S Energy Limited has entered into a Collaboration Agreement with Praetorian Aeronautics to integrate its advanced lithium-sulfur battery technology into Praetorian’s unmanned aerial systems, including the Dagger counter-UAV interceptor drones. This partnership aims to enhance Australia’s defense capabilities by improving the operational performance of autonomous defense systems, potentially leading to significant sales opportunities for Li-S Energy as Praetorian plans to manufacture up to 10,000 drones annually.
More about Li-S Energy Ltd
Li-S Energy Limited is an Australian company specializing in the development of lithium-sulfur and lithium-metal battery technologies. Their products are particularly suited for aerospace, defense, and drone applications where energy density and weight are crucial factors.
Average Trading Volume: 353,217
Technical Sentiment Signal: Buy
Current Market Cap: A$102.4M
See more insights into LIS stock on TipRanks’ Stock Analysis page.