Superdielectrics Group, the developer of a 'breakthrough' electrical energy storage technology, today announced its intention to seek admission to trade on the London Stock Exchange.
The company hopes to raise £20mln through a sale of its ordinary shares.
Based in the UK, the Superdialectrics' directors, including former ITM Power boss Jim Heathcote, believe that the companies' technology is revolutionary, with a wide-ranging portfolio that includes several intellectual property licenses.
Its high ‘capacitance’ electrolyte materials offers the potential for electrical energy storage technology to "far outpace the energy densities of existing comparable supercapacitors" and one day lead to electric cars being charged in minutes instead of hours.
Part of the proceeds will be used towards the development of the production technology at its new laboratory near Cambridge, and if enough proceeds are raised a 22,000sq ft production facility.
Heathcote said, “We believe our admission will raise our international profile and open up multiple commercial scenarios for the company, whilst enabling us to grow rapidly.”
Admission is expected to take place in early December 2021.