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Stock impact report

Panasonic Energy and NOVONIX Sign Binding Off-Take Agreement

NOVONIX Limited (NVX) 
Company Research Source: GlobeNewswire
- Off-take for NOVONIX’s high-performance synthetic graphite to be supplied to Panasonic Energy’s North American facilities - - Agreement for 10,000 tonnes of synthetic graphite from 2025-2028 - BRISBANE, Australia, Feb. 09, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, and Panasonic Energy Co., Ltd. (“Panasonic Energy”), a leading manufacturer of electric vehicle (“EV”) batteries in North America, today announced the signing of a binding off-take agreement for high-performance synthetic graphite anode material to be supplied to Panasonic Energy’s North American operations from NOVONIX’s Riverside facility in Chattanooga, Tennessee. Under the off-take agreement, Panasonic Energy has agreed to purchase at least 10,000 tonnes of anode material for use in their U.S. plants over the term of 2025-2028. During the term, if additional volumes are requested by Panasonic Energy, NOVONIX sh Show less Read more
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