SYDNEY, AUSTRALIA: Magnis Energy Technologies announced today that its CEO, David Taylor, has tendered his resignation from the company. The notice period for his departure will commence immediately and conclude on December 1, 2023.

The board of directors, representing the shareholders, expressed their gratitude for David Taylor’s significant contributions during a critical stage in the company’s development. Under his leadership, Magnis made substantial progress as a vertically integrated lithium-ion battery technology and materials company operating in the Lithium-ion battery supply chain.

Magnis Energy Technologies, with its US-based subsidiary Imperium3 New York, Inc (“iM3NY”), operates a Gigawatt scale Lithium-ion battery manufacturing plant located in Endicott, New York. Together with their technology partner, C4V LLC, Magnis has successfully developed high-performance active anode materials for lithium-ion batteries using their high purity graphite feedstock from the Nachu Graphite project in Tanzania.

The company’s primary objective is to facilitate, support, and accelerate the widespread adoption of electric mobility and renewable energy storage, which are essential for the transition to green energy.

David Taylor’s departure from Magnis marks a significant transition for the company, and the board will now begin the process of identifying a suitable replacement to lead the organization into its next phase of growth and development.

Magnis Energy Technologies remains committed to its vision of playing a crucial role in the global shift towards sustainable energy solutions. The company will continue to leverage its expertise in lithium-ion battery technology and materials to contribute to the mass adoption of electric vehicles and renewable energy storage systems.

As the search for a new CEO commences, Magnis will remain focused on executing its strategic initiatives and further advancing its position as a key player in the evolving battery industry.

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