$BRLL Barrel signed an exclusive agreement with Roshan Energy Technologies www.roshantechnologies.in/ (“Roshan”) that will allow for Barrel to become the majority stakeholder in Roshan and the expansion of its Lithium battery facilities in India. Roshan has developed an impressive line of Lithium Battery products for Electric Vehicles, Medical Equipment, Solar street lighting, the telecom industry as well as home energy storage solutions. Barrel and Roshan first plan to make a sizeable impact on the escalating small vehicle EV market in India, a country that has made ambitious policies towards the change to EVs. Roshan has already signed contracts to supply an assortment of manufacturers of two and three wheeled EVs.
Additionally, the Barrel-Rosha agreement allows for Barrel to establish a U.S. based manufacturing unit for key Roshan battery products and designs. The Barrel and AMLM MOU is designed to allow Barrel to have its first base for entry into U.S. based manufacturing and use new selective recycling technologies developed by Roshan team that offer both crucial waste-management and battery metal supply solutions.
The non-exclusive AMLM agreement calls for Lithium products to be pilot tested, manufactured and even recycled at one or more its industrial complexes. The technology, operations and products will be provided by Barrel through its agreement with Roshan Energy, as well as any technology sourced by AMLM.
The proposed first location by AMLM is within the heartland of U.S. manufacturing with nearby high population density, sufficient power, square footage and accessibility by rail, road, and water.
Additionally, the Barrel-Rosha agreement allows for Barrel to establish a U.S. based manufacturing unit for key Roshan battery products and designs. The Barrel and AMLM MOU is designed to allow Barrel to have its first base for entry into U.S. based manufacturing and use new selective recycling technologies developed by Roshan team that offer both crucial waste-management and battery metal supply solutions.
The non-exclusive AMLM agreement calls for Lithium products to be pilot tested, manufactured and even recycled at one or more its industrial complexes. The technology, operations and products will be provided by Barrel through its agreement with Roshan Energy, as well as any technology sourced by AMLM.
The proposed first location by AMLM is within the heartland of U.S. manufacturing with nearby high population density, sufficient power, square footage and accessibility by rail, road, and water.
