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Battery X Metals Announces Commercial Revenue Share Agreement for Next-Generation Lithium-Ion Battery Rebalancing Machine Following Estimated Driving Range Increase of ~255 km of Light-Duty Electric Vehicle Model with Severe Cell Imbalance, Restoring Batt
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News Release Highlights: Battery X Metals Inc.'s wholly-owned subsidiary, Battery X Rebalancing Technologies Inc., has entered into a Commercial Revenue Share Agreement with an arm's length, independent Vancouver-based automotive service center ...
News Release Highlights: Battery X Metals Inc.'s wholly-owned subsidiary, Battery X Rebalancing Technologies Inc., has entered into a Commercial Revenue Share Agreement with an arm's length, independent Vancouver-based automotive service center specializing in out-of-warranty Tesla vehicles. The agreement marks the first commercial deployment of its patent-pending, second-generation lithium-ion battery rebalancing machine ("Prototype 2.0") in a live customer-facing environment. Under the terms of the Agreement, Battery X Rebalancing Technologies will receive 20% of gross service revenue per rebalancing procedure, plus applicable taxes, with no direct costs incurred for labor, overhead, or shop operations-establishing a potential early-stage revenue stream with no direct operating expenses.