Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES ANNOUNCES IP FUNDING FROM INTELLECTUAL PROPERTY ONTARIO AND SUBMISSION OF TWO PATENT APPLICATIONS FOR BATTERY ELECTROLYTE

Volt Carbon Technologies Inc. has been selected as a client of Intellectual Property Ontario (IPON) and has received funding for its intellectual property development, including the submission of two new patent applications related to its proprietary lithium-ion battery electrolyte technology.

Highlights:

• Strategic support from IPON: IPON is a provincial agency that collaborates with innovators, businesses and researchers, offering access to expert IP education, IP funding and mentorship. IPON helps its clients maximize the value of their intellectual property, enhance growth potential, improve market competitiveness, and boost research and commercialization outcomes.
• Funding: Through this engagement, Volt Carbon has received $60,425 to support 80 per cent of its IP development costs. This funding has enabled the submission of two patent applications for the company's proprietary battery electrolyte technology.
• Expanding intellectual property portfolio: Volt Carbon's intellectual property portfolio now includes five patent applications. Four of these applications focus on the company's state-of-the-art proprietary battery technology, and one focuses on the company's proprietary process for the dry separation of graphite from rock.
• Comprehensive patent landscaping report: The funding from IPON also provided Volt Carbon with a comprehensive patent landscaping report from a leading market research company. This report delivers invaluable market intelligence on the IP landscapes and data sets related to solid-state lithium-ion batteries. It offers essential insights into patent filings, covering specific countries, regions and global trends. The report includes IP filing trends, key and emerging sector players, important jurisdictions, licensing opportunities, and risk/threat analysis.

With strategic support and funding from IPON, Volt Carbon is able to advance its innovative lithium-ion battery technology, aiming to strengthen its position in the energy storage sector.

"We are proud to support the Volt Carbon team in their efforts to advance battery technology in Ontario. IPON strives to enable businesses to cultivate and leverage their intellectual property for greater market impact. Volt Carbon's advancements are a testament to the kind of innovation we aim to foster, driving both economic growth and technological progress in Ontario," said Jarrod Hicks, director, intellectual property, at IPON.

"We are grateful for the financial support from the Ontario government for our IP development. As [...] our comprehensive IP landscape reveals, Canadian innovation in solid-state batteries has been minimal. Our goal is to develop a robust IP portfolio that is strategic to the region and pivotal for the future of safe and high-energy batteries. By leading with innovation, we aim to elevate Volt Carbon's role in this vital industry and contribute to a sustainable, energy-efficient future," said V-Bond Lee, chief executive officer of Volt Carbon Technologies.

About Volt Carbon Technologies Inc.

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada.

We seek Safe Harbor.