Gelion Plc to acquire OXLiD for an aggregate consideration of £4.2 million

LONDON, UK: Gelion Plc (AIM: GELN), the Anglo-Australian battery innovator, has conditionally agreed to acquire the entire issued share capital of OXLiD for an aggregate consideration of up to approximately £4.2 million. OXLiD is a UK based lithium-sulfur (LiS) battery technology developer, dedicated to the development and commercialisation of LiS batteries for electrified transportation and…