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Magnis Energy Technologies hires battery experts to lead production at NY battery plant

The new team brings a wealth of experience in manufacturing, development, sales and marketing along with day-to-day operations in the lithium-ion battery industry.

Magnis Energy Technologies Ltd - Magnis Energy Technologies hires battery experts to lead production at NY battery plant
The plant is on track to begin production later this year.

Magnis Energy Technologies Ltd (ASX:MNS) (OTCMKTS:URNXF) has appointed a new leadership team at Imperium3 New York (iM3NY) as a part of the company’s strategy to start production at the lithium-ion battery plant in New York.

The team assembled brings a wealth of experience in manufacturing, development, sales and marketing along with day-to-day operations in the lithium-ion battery industry.

Magnis also confirmed that the iM3NY Lithium-ion battery plant is on track to begin production in late 2021.

The team

Magnis has appointed Chaitanya Sharma, an engineer with more than 15 years' experience in the lithium-ion battery industry as the new CEO of iM3NY.

He was the first engineer at Tesla's gigafactory in Nevanda.

Magnis has also appointed Bill Shannon, who had earlier worked as former vice president at Duracell USA, as the new chief operating officer.

His experience in the industry totals more than 20 years, made up primarily of his time at H&T Corporation where he contributed to the start-up of four factories around the world.

Similarly, Mike Driscoll, who has more than five decades of experience in the technology industry, will be appointed as the chief financial officer.

The company also appointed Priyadarshi Panda, a chemical engineer with nearly 15 years of experience, as the vice president of engineering.

Panda is an expert in the installation of tools, running them through the commissioning process and optimising their throughput and performance efficiency.

Moreover, the company has appointed Paul Stratton as senior vice president of sales and marketing, and Brandon Jordan-Thaden as senior director of engineering.

Right people to get operations going

Magnis chairman Frank Poullas said: “Lithium-ion cell manufacturing is highly sophisticated and needs a quality team in place to be able to deliver.

“With the handpicked team we have assembled, we have the right people in place to help us get our operations going at iM3NY and accelerate our production schedule towards production in late 2021.

“We look forward to providing constant updates to our shareholders as we progress from development to production.”

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ASX:MNS
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