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Magnis, Siemens to collaborate on automating Imperium3 battery plants

Magnis Resources Ltd. will team up with automation company Siemens AG to enhance its lithium-ion manufacturing technology through digitization and automation.

The letter of intent covers all Imperium3 battery plants, starting with New York, according to a March 5 release.

Siemens will identify resources to develop a clearly defined functional specification for the use of its industry software and automation technology for in-line integration at the plant.

Magnis boosted its ownership stake in battery startup Imperium3 New York, Inc to 41% in February.