NOVONIX Limited is a battery technology company that develops and scales advanced materials and equipment for the lithium ion battery supply chain. The company focuses on producing synthetic graphite anode materials and providing battery testing and development services. Its headquarters are in Chattanooga Tennessee and it maintains additional operations in Nova Scotia Canada.

Revenue is currently generated from the Battery Technology Solutions division which sells battery testing equipment provides related consulting services and offers research and development support. The company has not yet recognized revenue from synthetic graphite sales but expects future income from anode materials once commercial production begins. Additional financial support comes from government grants and strategic investments.

The company operates through the following segments.

• NOVONIX Anode Materials focuses on the development and production of synthetic graphite anode materials using proprietary continuous graphitization furnace technology. It operates the Riverside facility in Chattanooga and is preparing a second site at Enterprise South to serve electric vehicle and energy storage markets.

• NOVONIX Battery Technology Solutions provides battery testing systems including Ultra High Precision Coulometry equipment and offers research and development services for cell design prototyping materials characterization and performance testing. The division is based in Nova Scotia and serves customers across North America Asia and Europe.

NOVONIX Limited holds a leading position in the United States as the only qualified supplier of battery grade synthetic graphite anode material. Its competitive advantages stem from proprietary graphitization technology strategic partnerships with firms such as Harper International and support from the United States Department of Energy through grants tax credits and a conditional loan. The company faces competition from established synthetic graphite producers in Asia natural graphite mining companies and emerging domestic entrants attempting to replicate its process.

The company serves a diverse customer base that includes battery manufacturers original equipment manufacturers and research institutions for its testing services. For its anode materials it has supply agreements with Panasonic Energy and PowerCo a joint development agreement with LGES and previously had an offtake agreement with FCA US LLC. It also provides samples to multiple prospective customers in the electric vehicle and energy storage sectors.