Volt Carbon Technologies Announces Subsidiary Solid Ultrabattery as a Successful Applicant of the DAIR Green Fund

Funding Initiative The DAIR Green Fund empowers little and medium-sized business (SMEs) to change the southern Ontario aerospace market through sustainable and green air travel innovations and services. Moneyed by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), this effort fuels DAIR’s objective to change the collective environment by catalyzing development in aerospace and beyond. By enhancing forward-thinking concepts and supplying SMEs with innovation, partnership, collaborations, individuals and services, the DAIR Green Fund drives impactful modification throughout our commercial sectors and much better results for Canada’s sustainable aerospace objectives. Financing Overview DAIR will be supporting 75% of overall task expense, to an optimum of $75,000, and Solid Ultrabattery Inc. will contribute the staying 25% of overall task expense. Process Overview DAIR introduced a require propositions in the fall of 2022. Sent jobs were examined by an evaluation committee to make sure a tenable ways to attain target metrics was developed. The committee evaluated jobs to figure out those that would be supported by the DAIR Green Fund and took a look at problems such as path to commercialization, cooperation, leveraged assistance and effect on the market, as associated to green air travel and sustainability. Task Duration DAIR started accepting applications to the fund in the fall of 2022. Applications were accepted till all 8 (8) offered areas for the program were filled. SMEs will report back and total activities by March 31, 2024. Job Scope The task intends to establish Lithium ion batteries to satisfy the extensive needs of aerospace applications beginning with a little 5Ah cell as a single foundation. The job will be managed by Dr. Zhongwei Chen, University of Waterloo and Solid Ultrabattery’s battery lead, Dr. Hey Woong Park. The single-cell pack is anticipated to be at first trialed on a little drone weighing in at the “under 1 kg weigh class.” “The group at Solid Ultrabattery is really delighted to deal with a possible aerospace application for our battery innovation. The Government of Canada’s assistance through DAIR will assist Solid Ultrabattery continue its drive to advertise its copyright,” stated V-Bond Lee, CEO and President of Volt Carbon. Today, the group at Solid Ultrabattery signed up with DAIR and fellow DAIR Green Fund receivers at an occasion to commemorate being among the 8 ingenious tasks getting Green Fund assistance. They were signed up with by the Honourable Filomena Tassi, Minister accountable for FedDev Ontario, in addition to Ya’ara Saks, Member of Parliament, York– Centre. The occasion was held at the Landing Gear Innovation Lab, Centennial College at the Downsview Campus (North York) and part of the DAIR center. “To satisfy our objective of ending up being a net-zero economy, we should make sure that we are supplying the brand-new abilities and innovation for markets to quickly make the shift. The DAIR Green Fund supplies supports to services who are leading the charge in producing sustainable developments that will assist grow Canada’s aerospace market. The 8 organizations in southern Ontario that we are commemorating today have actually developed eco-friendly jobs that will keep this market competitive internationally and develop more tasks nationally. Our federal government is dedicated to discovering brand-new methods to approach a greener economy that works for everybody.”– Hon. Filomena Tassi, Minister accountable for the Federal Economic Development Agency for Southern Ontario About Volt Carbon Technologies Volt Carbon is an openly traded carbon science business, with particular interests in energy storage and green energy development, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the current info on Volt Carbon’s homes and news please describe the website www.voltcarbontech.com. About DAIR Downsview Aerospace Innovation & Research (DAIR) is a not-for-profit whose objective is to transform the cooperation environment by catalyzing development in aerospace and beyond. DAIR supports its members by providing acc
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