It's not my preference but I think we need to take MT at his word. Like I have said before in another place. Otherwise he will be facing some serious jail time
The ASX can report to ASIC
If ASX suspects that a listed entity has committed a significant contravention of Listing Rule 3.1, or that a listed entity or any other person (such as a director, secretary or other officer of a listed entity) has committed a significant contravention of the Corporations Act, it is required under that Act to give a notice to ASIC with details of the contravention.
The purpose of such a notice is so that ASIC can then consider what enforcement action, if any, it may wish to take in relation to the suspected contravention. As mentioned in the introduction, breaching Listing Rule 3.1 also potentially breaches section 674 of the Corporations Act and this has very serious legal consequences.
What Someone Else Said
17/11/2021
Commenting on the MOU, Long Time Technology COO Wayne Yen said:
“LT Tech, with profound experience, plans to start its manufacturing outside Asia while
Talga in Europe is undeniably a trusted friend and partner. This partnership marks a step closer to our goal of producing the greenest anode, reinforces the ambitions to scale our business into international markets, and further strengthen both technological capabilities.”
What TLG Claims
29/03/2022
Results show that Talnode-C containing battery cells
outperform the endurance of market leading commercial cells by up to 36% (Fig 3). Furthermore, the tests confirm the fast charge, high power, and low temperature properties of Talnode-C anodes translate well to the full cell-level. Talga Anode Outperforms Commercial Li-ion Cells In Electric Vehicle Endurance Test Figure 1 The Lacama, developed by IV Electrics Figure 2 The Stelvio Pass, Italy In effect this means that a battery pack manufactured with Talnode-C may need less thermal management and materials, reducing cost and weight, while increasing energy density (and therefore driving range) and safety of the battery pack.
26/03/2019
Development of Talnode-C is accelerating through rigorous commercial validation processes at multiple commercial partner facilities and independent battery institutes in Asia, USA and Europe. In new tests conducted at a leading Japanese battery institute, Li-ion batteries using Talnode-C were subjected to performance tests under a range of temperatures including freezing conditions.
Highlights of the test results include:
• Retention of 100% capacity and 100% cycle efficiency at freezing temperature (0°C)
•
Out-performance of market leading commercial anode products
19/02/2019
Following initial test results (ASX:TLG Oct 2018) further optimisation of Talnode-Si, with up to 15% silicon loading, has been underway at Talga’s battery material facility in the Maxwell Centre of Cambridge University, UK.
Highlights of new half cell cycling test results include:
•
~70% higher reversible capacity (~600mAh/g) than commercial graphite (~350mAh/g)*
•
Coulombic efficiency of 99.5% - 99.9% with first cycle efficiency ~ 91%
• Up to 94% reversible capacity (after >130 cycles in a range of silicon loadings)
So they are very specific claims that MT has made just in the above examples. There are plenty of others.
I think it's very likely that all is OK with all the claims.
It's in the vibe