The University of Queensland (UQ) holds the patent and GMG has a worldwide exclusive commercialisation license.
GMG has signed a collaborative research agreement with UQ – Australian Institute for Bioengineering and Nanotechnology (AIBN) to continue its collaboration on the battery.
The University of Queensland is also a recipient of $880,000 of Australian Government grant funding to further develop the Graphene Aluminium Ion Battery.
GMG and UQ started working on an Australian Research Council (ARC) Linkage Project in 2021 to co-develop the Graphene Aluminium Ion Battery and this will now continue under this new collaborative agreement.
The agreement sets out, among other things, the way in which pre-agreed GMG and UQ personnel can work at each other party’s premises and the intellectual property rights and obligations for each party.
It also provides that GMG has the exclusive first right to negotiate an exclusive license to use any of the work UQ develops under this Agreement.
GMG in March entered into a service contract with the Battery Innovation Center (BIC) of Indiana in the USto support the next phase of development of the Graphene Aluminium Ion Battery.
The company says it is no longer focused on a project to construct an Automated Battery Pilot Plant at its Richlands Australia headquarters at this time.
GMG and the State of Queensland have mutually agreed to an early termination of the Queensland Critical Minerals and Battery Technology Fund Agreement between the parties.
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