Magnis Resources signs deal with Siemans AG

Company News

by Anna Napoli

Graphite producer Magnis Resources (ASX:MNS) has inked a deal with Siemans AG to enhance its lithium-ion manufacturing technology.

Siemans AG is a global technology company and world leader in lithium-ion battery factory digitization and automation.

The company will play a major role in digitization and automation for the next generation of lithium ion battery plants starting with the Magnis plant in New York.

Magnis says to have a global powerhouse such as Siemans showing its commitment to the project is a huge validation.

Shares in Magnis (ASX:MNS) are trading 2.53 per cent higher to $0.41.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.