NOVONIX, Panasonic Energy Ink Binding Off-Take Agreement For Synthetic Graphite Anode Material; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
NOVONIX and Panasonic Energy have signed a binding off-take agreement for the supply of at least 10,000 tonnes of synthetic graphite anode material for use in Panasonic's U.S. plants from 2025 to 2028. The agreement also includes provisions for additional volumes upon request.
February 08, 2024 | 10:38 pm
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NOVONIX has entered into a significant off-take agreement with Panasonic Energy for the supply of synthetic graphite anode material, ensuring a steady demand for their product over a four-year period.
The agreement with Panasonic Energy represents a significant and positive development for NOVONIX, ensuring a steady demand for their synthetic graphite anode material. This long-term agreement not only secures revenue for NOVONIX but also strengthens its position in the battery materials market. Given the scale and duration of the agreement, it is likely to have a positive impact on NOVONIX's stock price in the short term.
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