SINGAPORE and TOKYO, Aug. 19, 2024 (GLOBE NEWSWIRE) — noco-noco Pte Ltd (“noco-noco”), a wholly owned subsidiary of Nasdaq-listed noco-noco Inc. (Nasdaq: NCNC), has signed a Memorandum of Understanding (MOU) with Japan headquartered 3DOM Alliance Inc. (hereinafter “3DOM”) and Tesnology Inc. (hereinafter “Tesnology”) to acquire a non-exclusive license for battery securitization systems and intellectual property (IP) developed by 3DOM and Tesnology. This agreement is a significant milestone in noco-noco’s efforts to establish battery as a societal infrastructure across Asia Pacific.
“We look forward to bringing this battery securitization technology to Asia Pacific, alongside with our partners at B2G Energies, to deploy the energy storage capacity needed to accelerate the region’s clean energy transition to a low-carbon and sustainable future,” commented Masataka Matsumura, CEO & Director noco-noco Inc.noco-noco Inc. (Nasdaq NCNC) is a technology solutions provider working to accelerate the global transformation to a decarbonized economy. Building its business on X-SEPA™ — the revolutionary battery separator technology developed in Japan and designed for long-lasting and high heat-resistant performance— noco-noco addresses the need for clean, affordable, and sustainable energy storage solutions. https://noco-noco.com/
(GlobeNewsWire)