J-Star signs MOU with PSSB to provide resins for batteries

J-Star (YMAT) announced that the Company has signed a memorandum of understanding, or MOU, with Patriot Technology Responsibilities, PSSB, a provider of industrial solutions including a proprietary and patented, next-generation solid-state battery. “This anticipated partnership is intended to enable us to cooperate with leading battery brands, creating lightweight battery packages to create solutions for the bike industry as well as other applications where weight efficiency is at a premium,” said Sam Van, Chief Executive Officer of J-Star. “PSSB is an innovative industry leader, with a large minority ownership from the Industrial Technology Research Institute (ITRI), a representative of research and development institution established with the support from Taiwan government. We are optimistic that this relationship will expand not only our addressable market, moving beyond sports and recreation applications, but also our relationships with industry leaders in Taiwan.”