Technology Minerals' Recyclus Group secures MoD contract for LiBox battery storage solution

Proactive - Interviews for investors

Technology Minerals PLC (LSE:TM1) chairman Robin Brundle joined Proactive's Stephen Gunnion with more details after the company's 48.35%-owned battery recycling business, Recyclus Group, secured a significant contract with the Ministry of Defense (MoD). Recyclus has already delivered the first order for its LiBox, a specialised storage unit designed to contain lithium-ion battery fires and explosions. Brundle emphasised the growing awareness of the dangers posed by lithium-ion batteries and the critical role LiBox plays in preventing these hazards. “People’s understanding of the dangers of lithium-ion battery fires is very much now coming to the fore,” said Brundle, highlighting that the LiBox adheres to the highest UN and ADR safety standards. The boxes are rigorously tested to contain fires, explosions, and molten projectiles, all while maintaining external temperatures below 100 degrees to avoid further risk. This contract with the MoD is a significant endorsement of Technology Minerals' innovation, and the company is now looking to expand both their sales and rental options for the LiBox. Brundle noted. "We are fully utilised on the numbers of boxes we have out to rental clients, and we’re exploring ways to grow the volume." The company continues to focus on expanding opportunities in both government and commercial sectors. For more updates and insights from Technology Minerals and other innovators, visit Proactive’s YouTube channel, and don’t forget to like, subscribe, and enable notifications for future content. #TechnologyMinerals #LithiumIonBatteries #LiBox #BatterySafety #MoD #DefenseTechnology #RenewableEnergy #BatteryStorage #Innovation #RobinBrundle #ProactiveInvestors #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews