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Strategic Elements: Advances $1M govt. backed project for self-charging batteries | Fintech InShorts: Latest fintech news, analysis by experts

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Strategic Elements: Advances $1M govt. backed project for self-charging batteries

By Steve Sam

October 30, 2020

Strategic Elements (SOR) subsidiary, Australian Advanced Materials, is accelerating the development of the self-charging flexible battery technology
This $1 million project is being partially funded by the Australian Research Council
The expected outcomes are new electronic materials for a wide range of uses in flexible electronics
Then the Internet of Things industry is expected to be worth US$15.9 billion (roughly A$22.5 billion) by 2025
Battery cells also have a competitive advantage over lithium batteries as they are thin and light, self-charging, flexible, and environmentally friendly
Company shares have dropped 7.14 percent and are trading for 13 cents

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