Dragonfly Energy rises on grant of U.S. patent related to battery production

Dragonfly Energy Holdings

21/12/2022 14:55

** Shares of battery technology company Dragonfly Energy
Holdings Corp  DFLI.O  rise 3.7% at $25.38 in early trading
    ** United States Patent and Trademark Office grants DFLI
patent for "systems and methods for dry powder coating layers of
an electrochemical cell"  urn:newsml:reuters.com:*:nGNXcbMjZZ
    ** Coating metal foil with an active material to create the
electrode is a crucial step in battery manufacturing
    ** "Wet-coating", however, takes 12-24 hours to completely
dry, while dry coating eliminates the conventional drying phase
thus accelerating throughput
    ** Dry powder coating will significantly reduce space and
cost for lithium ion battery manufacturing - DFLI
    ** Stock up 162% so far this year
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))