Developing Processes For The Low-Cost Manufacturing Of High Purity Silicon Metals For Next-Generation Lithium-ion Batteries

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Message: Re: EBH2 : Bernard, can you give us a some explanation how things go with the EBH2jointventure?

Seriously Janneman,

Renaissance did a very good job of answering your first question, so allow me to answer the second part of your question.

We did not renew the Apollon contract because the President and CEO of Apollon became obsessed with the idea of transforming Apollon from an R&D-driven company to a manufacturing one.  He decided to focus the Company on the goal of trying to generate revenues from one of the technologies developed to the detriment of all the others, including Silicon and Hydrogen. 

The transformation did not succeed because they took some shortcuts in the development, so the end result is that Apollon closed its door in May of this year.

Could not really talk about this until Apollon no longer existed as a Company.

Regards

Bernard Tourillon

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