Key Appointment to Focus Volt's Global Marketing Efforts
Melbourne, Aug 26, 2016 AEST (ABN Newswire) - Volt Resources Limited (
ASX:VRC) ("Volt" or "the Company") is delighted to announce it has appointed Mr Michael Lew as VP Business Development, North America and Europe. Mr Lew has material applications experience in the energy efficiency sector and interacts with battery manufacturers, especially those affiliated with the transportation and energy storage sectors. With this experience, he is well-suited to support Volt's natural graphite products in the transportation and energy storage sectors.
Highlights:
- In a newly created role, Mr Michael Lew has been appointed Volt's VP Business Development, North America and Europe
- Mr Lew is currently based in New York and is Director of Emerging Opportunities for US-based, National Alliance for Advanced Transportation Batteries (NAATBatt) International
- Mr Lew's appointment will significantly strengthen Volt's ability to secure North American and European off-take agreements with key end-users
INTRODUCTION
Having a North American and European focused specialist improves Volt's marketing leverage. Mr Lew's role will compliment Executive Chairman Stephen Hunt's marketing focus on Asia where he has a strong network and has already secured three MOUs for Volt with Chinese end-users for 100,000tpa (including 60,000tpa with Optimum Nano - the second largest battery manufacturer in China).
From a longer-term strategic perspective, Volt's objective is to secure a balance of end-user customers with the mix ideally split between Chinese and western groups. Management is highly cognisant of the need to ensure a geographic range of various end user groups.
MR MICHAEL LEW
Mr Lew is a 'Director of Emerging Opportunities' for NAATBatt International, an organisation focussed on energy storage technology development. He was previously an equity research analyst covering the 'Energy Storage and Advanced Materials Applications' sector. Notably, Mr Lew was one of the first research analysts to cover Tesla Motors and his coverages also included other companies participating in next-generation emerging technologies such as Johnson Controls (Start-Stop) and Maxwell Technologies (ultracaps). Prior to this, Mr Lew was an engineer at IBM in various roles including product development and global finance. He is highly qualified with an MBA in Finance & Accounting from New York University, a Masters Degree in Materials Science from Columbia University and Bachelors Degree in Chemical Engineering from Carnegie-Mellon University.
Executive Chairman Stephen Hunt commented: "We are delighted to have Michael join our team. Michael is a highly respected and a well sought after expert in emerging technologies, with excellent relationships among battery producers globally. His experience and technical knowledge will be invaluable as we continue to market our high-quality flake graphite to prospective North American and European off-take partners."
On joining Volt, Mr Michael Lew said: "This is a unique opportunity and I look forward to working with the existing Volt team. I believe Volt could be well-positioned through its offerings to benefit from growing demand for large, jumbo and super flake graphite. Moreover, this is not only for the lithium-ion battery market, but for several high tech applications currently being developed which will fundamentally change the world we live in."
About Volt Resources Ltd
Volt Resources Ltd (ASX:VRC) (FRA:RBL) (OTCMKTS:VLTRF) is critical minerals and battery material company listed on the Australian Stock Exchange. We are a graphite producer and an emerging natural graphite anode producer. Volt has a 70% interest in the Zavalievsky Graphite business in Ukraine. The ZG mine and processing facilities have been in operation since 1934 and are near key markets with significant developments in lithium-ion battery production. ZG benefits from an existing customer base and graphite product supply chains based on excellent transport infrastructure covering road, rail, river, and sea freight combined with reliable grid power, ample potable ground water supply and good communications.
Volt acquired three licence applications that are prospective for lithium-borate mineralisation. The licence applications are in respect to a total area of 291km2, located in Serbia and are west and south-west of the Serbian capital, Belgrade.
Volt is progressing the development of its large wholly owned Bunyu Graphite Project in Tanzania. The Bunyu Graphite Project is ideally located near to critical infrastructure with sealed roads running through the project area and ready access to the deep-water port of Mtwara 140km from the Project. In 2018, Volt reported the completion of the Feasibility Study into the Stage 1 development of the Bunyu Graphite Project. The Stage 1 development is based on a mining and processing plant annual throughput rate of 400,000 tonnes of ore to produce on average 23,700tpa of graphite products. A key objective of the Stage 1 development is to establish infrastructure and market position in support of the development of the significantly larger Stage 2 expansion project at Bunyu.
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