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Focus Graphite’s Grafoid to develop next generation rechargeable batteries with Hydro-Quebec’s Resea

Focus Graphite (CVE:FMS)(OTCQX:FCSMF) has said that Grafoid Inc – a privately held joint venture in which it holds a 40 per cent stake – has inked a three-year research and development agreement with Hydro-Quebec’s Research Institute for the development of next generation rechargeable batteries, using graphene and lithium iron phosphate materials.

Two key target markets were highlighted in the agreement – the rechargeable automobile battery sector, and batteries for mobile electronic devices used in smartphones, computing tablets and laptop computers – areas for which demand is projected to grow dramatically.

The parties said they chose to focus their collaboration on LFP-graphene batteries and materials because of their “short-term-to-market potential.”

“This is our first major graphene collaboration with a Quebec and a Canadian global giant in renewable energy research and development,” said president and CEO of both Focus Graphite and Grafoid, Gary Economo. “And the source of our graphene is Focus Graphite’s Lac Knife, Quebec technology graphite deposit.
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