15:55:37 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Telescope Innovations Corp
Symbol TELI
Shares Issued 53,665,569
Close 2024-01-23 C$ 0.23
Market Cap C$ 12,343,081
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Telescope files patent for mineral purification

2024-01-23 11:58 ET - News Release

Mr. Jason Hein reports

TELESCOPE INNOVATIONS FILES GAME-CHANGING PROVISIONAL PATENT TO PURIFY BATTERY MATERIALS

Telescope Innovations Corp. has filed a provisional patent application (63/606,069) on a disruptive new technique to purify lithium carbonate, a critical mineral building block for lithium ion battery production and particularly for low-cost lithium-iron-phosphate battery chemistries. This is Telescope's second application related to processing battery raw materials, the first of which provides a low-temperature method for generating lithium sulphide.

The current provisional application describes a single-step process that produces battery-grade, greater than 99.9 per cent lithium carbonate from crude material of 20 to 95 per cent purity. This technology can dramatically reduce the requirement for preprocessing of crude lithium brine feeds, which conventionally accounts for up to 80 per cent of refinement costs.

To discover this new method, Telescope leveraged its rich expertise in pharmaceutical process development and crystallization.

"The requirements for high purity, scalability, batch-to-batch consistency, and continuous operation are the same in the pharma and critical mineral industries," explained Jason Hein, chief executive officer of Telescope. "It's cross-sector innovation. We brought the cutting-edge tools we use to advance pharmaceutical R&D [research and development], like our on-line analytical platforms, automation, and artificial intelligence tools, and applied them to the battery manufacturing space."

The company aims to deploy its intellectual property through partnership and licensing models in the battery materials industry, leveraging its established and productive relationships with Standard Lithium Ltd., Natural Resources Canada and Canada's Mining Innovation Commercialization Accelerator, among others.

"As our network grows, we're strengthening existing partnerships and pursuing new opportunities to deploy and capitalize on our growing IP portfolio," added Mr. Hein.

About Telescope Innovations Corp.

Telescope Innovations is a chemical technology company developing scalable manufacturing processes and tools for the pharmaceutical and chemical industry. The company builds and deploys new enabling technologies including flexible robotic platforms and artificial intelligence software that improve experimental throughput, efficiency, and data quality. Telescope Innovations' aim is to bring modern chemical technology solutions to meet the most serious challenges in health and sustainability.

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