Partnership Focused on Advanced Battery Development

Through this partnership, J-Star will leverage its expertise in resin systems and carbon reinforcement to create next-generation batteries tailored for various applications, particularly in the drone and electric bike sectors. This initiative represents a strategic move for J-Star as it positions itself to capture emerging markets in electric mobility.

“This anticipated partnership is intended to enable us to cooperate with leading battery brands, creating lightweight battery packages to generate solutions for the bike industry as well as other applications where weight efficiency is at a premium,” said Sam Van, Chief Executive Officer of J-Star. This partnership looks to not only enhance product offerings but also expand J-Star's reach beyond traditional sports and recreation applications.

About the Companies Involved

J-Star Holding Co., Ltd. (NASDAQ: YMAT) has a rich history of over 50 years in the material composites industry. The company, which operates through subsidiaries in Taiwan, Hong Kong, and Samoa, excels in the development and commercialization of carbon reinforcement and resin systems. J-Star’s diverse product line includes lightweight, high-performance carbon composite products tailored for electric bicycles, sports equipment, automotive parts, and healthcare products.

PSSB, known for its proprietary solid-state battery technology, is a key player in the industrial solutions space. With substantial backing from the Industrial Technology Research Institute (ITRI) in Taiwan, PSSB stands as an innovative leader in battery solutions.

Future Outlook

J-Star's collaboration with PSSB positions the company to explore new frontiers in battery technology, particularly in the electric bike and automotive markets. This partnership not only enhances J-Star's technological capabilities but also facilitates connections with industry leaders in Taiwan, reinforcing its market position.

Forward-Looking Statements

Statements in this release may include “forward-looking statements” regarding J-Star’s future expectations, plans, and prospects. These statements are subject to uncertainties and risks that could lead actual results to differ materially. Key factors include market conditions and other considerations detailed in the “Risk Factors” section of the final prospectus filed with the SEC. Investors are advised to exercise caution and not to place undue reliance on any forward-looking statements made.