Project Status and Recent Milestones
- Overall project completion rate is at 51%.
- Facility customisation work continues to gain momentum with the completion of the epoxy coating in the main dry room along with the flooring and walls in the mixing rooms.
- The iM3NY team has collaborated with
- During the month mechanical, civil and electrical works were completed with progress was made on internal and exterior works, the cathode and anode mixing rooms, cell assembly dry room, high bay dry room and the electrical sub-station.
- There were zero safety incidents in December.
Semi-Automated Production
Semi-Automated production started at the end of December with a batch of full-sized cells were produced.
This is an important phase where batches of cells are being produced for both marketing and due diligence purposes. A batch of over 1,000 cells being produced in the next fortnight and volumes will continue to increase all the way up to fully automated production in 1H 2022.
iM3NY CEO
"Starting this month, some major items will be completed and it is expected that the overall completion number will jump significantly and we look forward to providing updates to all our stakeholders."
Magnis Chairman
"We would like to thank the iM3NY team with the dedication displayed I have no doubts the final milestone will be achieved on schedule."
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About
Contact:
Executive Chairman
Ph: +61 2 8397 9888
www.magnis.com.au
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