OIL - Lithion Battery awarded contract with Navy | Benzinga
HENDERSON, Nev., May 9, 2024 /PRNewswire/ -- Lithion Battery Inc. ("Lithion" or the "Company") is pleased to announce that the Company has been awarded a $8.0 million firm fixed-price contract with the Naval Sea Systems Command, Washington, D.C. ("Navy") for research and development activities associated with advancement and improvement in current and future shipboard electric power and energy systems. Anovion Technologies, located in Chicago, IL and Halocarbon, located in North Augusta, SC, will be subcontractors on the effort, with Orbia Fluor & Energy Materials, located in Madison, WI, Arkema, located in King of Prussia, PA, IntraMicron, located in Auburn, AL, and the University of Texas at Arlington providing additional support. The research and development activities will primarily be performed by Lithion at its cell manufacturing facility in Henderson, Nevada with an expected completion date by January 2025.
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