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Stock impact report

SES AI Signs Term Sheet to Establish Joint Venture to Commercially Supply Materials Discovered by Molecular Universe

SES AI Corporation Class A (SES) 
US:NASDAQ Investor Relations: ir.synthesisenergy.com
Company Research Source: Business Wire
New milestone reached for commercial validation of material discoveries made by Molecular Universe covering energy storage (ESS), data center, drones, robotics, EV, and eVTOL applications WOBURN, Mass.--(BUSINESS WIRE)--SES AI Corporation (“SES AI”, the “Company,” “we” or “us”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced that it has signed a term sheet to establish a joint venture with Hisun New Energy Materials Ltd. Co. (“Hisun”), a Texas-based electrolyte contract manufacturer, to commercially supply electrolyte materials discovered by SES AI’s Molecular Universe. The joint venture, which will be 90% owned by SES AI, is subject to the execution of a binding definitive agreement, which is expected to be executed by the end of this month.In just six months after the original launch of Molecular Universe, SES AI and its enterprise customers have used Molecular Universe to discover se Show less Read more
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