- PPK Group’s (PPK) has flagged the expansion of Deakin University’s manufacturing hub as a potential benefit for one of its companies
- PPK’s exposure to the upgrade comes via its majority ownership of unlisted company Li-S Energy, which is named as one of the first confirmed tenants at the expanded facilities
- The $20 million upgrade will double the size of the ManuFutures advanced manufacturing hub at Deakin Unversity
- According to PPK, Li-S Energy plans to build a testing plant to broaden the application of its battery technology which is currently in development
- PPK Group shares are up a solid 7.48 per cent following the announcement, trading at $5.75
PPK Group’s (PPK) has flagged the expansion of Deakin University’s manufacturing hub as a potential benefit for one of its companies.
The mining service’s interest lies through its 51.9 per cent ownership of Li-S Energy, which has been named as one of the first confirmed tenants at the expanded facility at Deakin.
The $20 million government-funded upgrade will double the size of the ManuFutures advanced manufacturing hub in a bid to expand the range of services to support product design and engineering in regional Victoria.
It is also where Li-S Energy plans to build a battery testing plant to broaden the application of the battery technology it is currently developing.
More specifically, the unlisted company is looking to incorporate boron nitride nanotubes as a Nano-insulator to protect battery components and enable superior energy storage and re-charging functionality.
PPK Group shares are up a solid 7.48 per cent following the announcement, trading at $5.75 at 1:10 pm AEDT.