o Revenue down 12% underlying o Cash operating income² down 13% underlying; 11% margin o Adjusted³ operating profit down 19% underlying; 9% margin o Adjusted profit before tax down 20% underlying o Adjusted EPS up 12% · Interim dividend increased +1% to 7.6p · Statutory · Active portfolio management strategy delivering value creation: o Increased investment in Cazoo in October 2020; proposed transaction values stake at c.US$1.35bn
5 vs £117m total investment o Disposal of EdTech (Hobsons) for c.US$410m in March 2021 o Acquisition of New Scientist for £67m in March 2021 · Strong financial position maintained: pro forma net cash £293m
6 and £362m of committed undrawn bank facilities; statutory net cash £199m
Solid Power unveils all-solid-state platform technology, transitions silicon cells to pilot line
Solid Power, a producer of all-solid-state batteries for electric vehicles, provided details on its All-Solid-State Platform technology and the three unique battery designs it enables. Solid Power has also announced the successful transition of its high-content silicon all-solid-state battery to the company’s Colorado-based production line.
Solid Power’s proprietary sulfide solid electrolyte powers the flexible All-Solid-State Platform that can enable both high-content silicon and lithium metal in the anode paired with industry-standard and commercially mature cathodes, including lithium nickel manganese cobalt oxides (NMC).
The platform can also use low-cost and high-specific-energy conversion-type cathodes that are not suitable in lithium-ion or other liquid-based cell architectures. Combined with a lithium metal anode, the conversion-type cathodes could remove cobalt and nicke
Solid Power adds BMW, Ford reps to board – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
BMW and Ford Representatives Join Solid Power Board of Directors
Two automotive veterans - with nearly 50 years of experience - join Board following $130M Series B investment
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LOUISVILLE, Colo., May 13, 2021 /PRNewswire/ Solid Power, an industry-leading producer of all-solid-state batteries for electric vehicles, today announced the appointment of Ted Miller and Rainer Feurer to its Board of Directors. Ted Miller was appointed by Ford Motor Company (NYSE: F), while Rainer Feurer was appointed by the BMW Group (BMW.DE). The BMW Group and Ford were lead investors in Solid Power s recently announced $130 million Series B investment round.