Magnis’ iM3NY batteries now certified for US and international transportation

Magnis’ safety credentials have been boosted after lithium-ion batteries produced at its iM3NY battery plant received UN38.3 certification, which allows them to be transported within the US and internationally.

UN38.3 certification is an internationally recognised standard established by the United Nations for the transportation of lithium-ion cells and requires cells to successfully complete all seven tests, which the company’s iM3NY batteries achieved handily.

This is because lithium-ion cells are classified as dangerous goods and can pose a safety risk if not tested and packaged in accordance with the transport regulations.

Achieving the certification is a significant milestone for Magnis Energy Technologies (ASX:MNS) if for no other reason than allowing for the batteries to be transported to customers.

“Today’s news is significant as our batteries have met the strict safety requirements developed by the United Nations for transportation,” managing director (USA) Hoshi Daruwalla said.

Battery manufacturer

Magnis has a majority stake of about 61% in Imperium3 New York Inc. (iM3NY), which operates the iM3NY plant in Endicott, New York.

Commercial production of lithium-ion batteries started in August 2022 and several binding offtake agreements have been secured.

Customers include Sukh Energy, which has agreed to take delivery of batteries from the second half of 2023.

A small number of cells have also been sold to existing and potential new customers, to enable their internal qualification processes to be undertaken.

This article was developed in collaboration with Magnis Energy Technologies, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.