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An announcement from Gelion PLC ( (GB:GELN) ) is now available.
Gelion PLC reported a strong financial year ending 30 June 2024, achieving significant milestones in technology development and strategic partnerships while managing costs effectively. Notable achievements include the acquisition of OXLiD Ltd, strengthening its position in lithium-sulfur technology, and securing joint development agreements with Glencore and Ionblox to advance next-generation battery technologies. The company also launched a new Integration Solutions division, received a substantial grant for its Advanced Commercial Prototyping Centre, and achieved a breakthrough in energy density with its GEN 3 Li-S technology. These advancements, along with a successful capital raise, position Gelion well for future growth and market expansion.
More about Gelion PLC
Gelion PLC is a global energy storage innovator focused on advancing sustainable technologies with primary products in Lithium-Sulfur (Li-S) and Zinc-based hybrid cells. The company targets electrifying mobile and stationary applications and is listed on the London Stock Exchange’s Alternative Investment Market. Gelion owns Australia-based Gelion Technologies Pty Ltd and UK-based OXLiD Ltd, specializing in innovative battery technologies and integrated systems solutions.
YTD Price Performance: -28.13%
Average Trading Volume: 15,397
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £23.8M
For an in-depth examination of GELN stock, go to TipRanks’ Stock Analysis page.
