Latest news with #Ionic
India.com
2 days ago
- Automotive
- India.com
Indian EV Industry Likely To Have 2 Lakh Professionals In Workforce By 2030
New Delhi: To help India cut down carbon emissions by a whopping 1 billion tonnes, the EV industry is expected to have 200,000 professionals in the workforce by 2030, industry experts said on Monday. The announcement of the new EV policy is a pivotal move in fast-tracking India's green mobility goals. 'By tying import duty concessions to local manufacturing commitments, the government is sending a clear message to global EV players: India welcomes investment, but with a strong emphasis on 'Make in India',' said Sachin Alug, CEO, NLB Services. This strategic approach not only encourages foreign participation but also reinforces the domestic ecosystem, paving the way for job creation and technological advancement. 'To help India cut down carbon emissions by a whopping 1 billion tonnes, the EV industry is expected to have 200,000 professionals in the workforce by 2030. As the sector expands, we expect a notable rise in demand for roles in EV software management, embedded electronics, UI/UX designers, Ionic developers, etc,' he mentioned. The government on Monday notified guidelines for its forward-looking scheme to enable fresh investments from global manufacturers in the electric cars segment and promote India as a global manufacturing hub for e-vehicles. To encourage global manufacturers such as US tech giant Tesla to invest under the scheme, the approved applicants will be allowed to import completely built-in units (CBUs) of electric four-wheelers with a minimum CIF (cost insurance and freight value) of $35,000 at reduced customs duty of 15 per cent for a period of 5 years from the date that the application is approved. . Approved applicants would be required to make a minimum investment of Rs 4,150 crore in line with the provisions of the scheme. The maximum number of e-4Ws allowed to be imported at the reduced duty rate will be capped at 8,000 units per year. The carryover of unutilised annual import limits would be permitted.
West Australian
27-05-2025
- Business
- West Australian
Viridis, Ionic JV sends recycled metals to Brazilian magnet maker
A 50:50 joint venture between ASX-listed juniors Viridis Mining and Minerals and Ionic Rare Earths Limited - dubbed Viridion - has completed its first delivery of high-purity rare earth oxides to Brazil's only permanent magnet manufacturing facility. The delivery is the latest step in a plan to build a fully integrated mine-to-magnet supply chain. The JV partners say the move could reshape the rare earths game in Latin America. The shipment included critical magnetic elements such as neodymium, praseodymium, dysprosium and terbium, which were extracted from recycled end-of-life magnets sourced in Brazil. The material was processed at Ionic's Belfast facility and shipped back for trial magnet production at Brazilian not-for-profit FIEMG's Innovation and Technology Centre of Minas Gerais (CIT SENAI) in Lagoa Santa city. The centre's Lab Fab facility is the first of its kind in Latin America. Using advanced hydrometallurgical processing, Ionic transformed the old magnets into high-purity oxides of key magnetic metals. Magnets pulled from retired MRI machines and wind turbines could be given a second life as part of Viridium's push into recycled rare earths. The first shipment will support laboratory-scale alloy testing and magnet production. This is a crucial step in proving the recycled materials can meet the rigorous standards needed for electric vehicles, wind turbines and other high-performance technology. CIT SENAI expects to complete all tests with the recycled oxides during the second half of this year. The magnet manufacturer's move to experiment with recycled rare earth oxides is being funded by a broader, collaborative MagBras initiative, which was recently allocated US$13 million by the Brazilian government to finance the development of a low-carbon industrial ecosystem. The joint venture appears to have proved part one of its worth by delivering high-purity neodymium, praseodymium, dysprosium and terbium oxides to CIT SENAI. Management says if the oxides pass muster in the lab as a feedstock for magnet production, it will be a big step to building a regional supply chain and offering a real alternative to a China-dominated market. The timing also appears to be spot on with Brazil's national ambitions. The government recently launched an R$8 billion (US$1.4B) funding pool through two of its public finance outfits to boost domestic processing and manufacturing of strategic minerals. Viridion believes it is well-positioned to tap into this pipeline with its latest delivery milestone. FIEMG president Flávio Roscoe said the recycled material has the potential to meet up to 7 per cent of global magnetic rare earths demand, which would be a strategic breakthrough that could cut the nation's reliance on supply from China. Beyond Viridis' plans for setting up a local recycling facility in Brazil, its flagship Colossus project - also in Brazil - keeps delivering the goods. Recent tests revealed rare earth recoveries as high as 78 per cent have been pulled straight from soft clay using ammonium sulphate and water, without the need for blasting, acids or high temperatures. The simple, clean process also shows the mine could be capable of producing a high-purity product at what might be among the planet's lowest all-in sustaining costs. To get some definitive answers on the hard numbers, Viridis is racing ahead with a pre-feasibility study, due by the end of the second quarter. The company is also applying for a plant construction licence and is in advanced talks with potential offtake companies. If all goes to plan, Viridis could be on track to anchor South America's first fully integrated rare earth supply chain - from mine to magnet and recycling - linking the heart of Brazil to the global EV surge. In a world gripped by geopolitical risk and critical mineral shortfalls, Viridis appears to be quietly crafting a rare earth advantage built on security, sustainability and, potentially, some sound economics. Is your ASX-listed company doing something interesting? Contact:
Fibre2Fashion
27-05-2025
- Business
- Fibre2Fashion
Ionic+ SVP Noble Biomaterials CMO
Ionic+ allows for flexibility in all end use applications As performance and sustainability continue to converge in textile innovation, Noble Biomaterials stands at the forefront—pioneering advanced antimicrobial technologies that go beyond industry standards. Founded in 1997, the company is known for its groundbreaking Ionic+ platform, which includes silver-based and plant-based antimicrobial systems designed to enhance textile functionality while promoting hygiene and durability. Most recently, Noble has partnered with premium hunting gear brand KUIU to launch the first-ever application of its plant-based Ionic+ Botanical technology in performance apparel. This collaboration marks a significant moment in the evolution of functional textiles, where renewable treatments not only improve garment performance but also contribute to more responsible product lifecycles. In an exclusive interaction with Fibre2Fashion, Allon Cohne, Senior Vice President of Ionic+ and Chief Marketing Officer at Noble Biomaterials, discusses the vision behind this partnership, the science of Ionic+ Botanical, and how Noble is redefining the role of antimicrobial solutions—from outdoor performance wear to healthcare and beyond. What motivated Noble Biomaterials to develop Ionic+ antimicrobial technology, and how does it address long-standing hygiene challenges in textiles? Noble was founded in 1997 as an intelligent materials company focused on selling silver fibre technology for its antimicrobial properties. After spending two years developing the technology and conducting clinical testing for use in medical devices, the first commercial success came in the form of a product application everyone uses: no-stink antimicrobial socks. Today, Ionic+ offers the most advanced portfolio of antimicrobial solutions in textiles with topical fabric finishings, extruded yarns, staple fibre, and masterbatch technology. Noble's antimicrobial technology is used by category leaders in athletic wear, healthcare, and medical. How do your different Ionic+ treatment types cater to varying textile applications such as apparel, bedding, or medical fabrics? Ionic+ allows for flexibility in all end use applications. Depending on the performance, durability, and economic requirements, the portfolio of Ionic+ is built for versatility. For the highest performance rating and durability, a silver metalised Ionic+ yarn offers the premium solution. As a more universal high-performance option, Ionic+ extruded yarns are used in socks, apparel, and healthcare. Yarn technology is considered a permanent characteristic of the fabric and Noble markets Ionic+ yarns as Ionic Pro. For a durable fabric finish, Noble offers a revolutionary Ionic+ Botanical that uses renewable citric acid as the antimicrobial active. Topical finishes are less durable than yarn solutions and are more economical. How does the citric acid-based Ionic+ Botanical differ in performance and sustainability from Noble's traditional silver-based technologies? Silver antimicrobial finishes have been around for decades. Noble took a new approach to the category of fabric finishing and we wanted to create something truly revolutionary. Fabric finishes eventually wash out or abrade off, so Noble looked at a renewable plant-based active—citric acid. The R&D team focused on citric as a way to fend off bacteria growth, while the regulatory team took into consideration registering the active as an antimicrobial. The ability to bring new plant-based active with performance equal to silver topical finish was a major achievement in innovating the antimicrobial space. What made the hunting and outdoor performance category the right entry point for introducing Ionic+ Botanical with a brand like KUIU? Ionic+ is a perfect technology for brands looking to elevate and differentiate fabrics in a category. KUIU is taking advantage of this by using Ionic+ as a platform for innovative and unique fabrics. Ionic+ can add value to hunting, outdoor, athletic, and fashion because it offers unique technology solutions. Our technology makes fabrics distinctive because the yarn or botanical finish are very unique. What inspired the collaboration with KUIU, and how did you identify the hunting category as a strategic fit for introducing Ionic+ Botanical technology? The inspiration for KUIU is very similar to what most innovative brands strive for—bring better products to market. This inspiration comes from solving problems mainly in textiles. For us, we wanted to disrupt the antimicrobial space with an EPA-registered, plant-based antimicrobial fabric finish. This goal for fabric innovation and bring something different, new, or better to market fits the KUIU brand very well. The collaboration became inherent. Can you elaborate on the development process of the Velocity tee with KUIU and how Ionic+ Botanical's citric acid-based antimicrobial properties enhance performance in extreme outdoor conditions? The Velocity tee was engineered for high-output hunts where odour and comfort are critical. KUIU tested Ionic+ Botanical in multiple field conditions to ensure consistent performance. The result is a lightweight, breathable shirt with natural antimicrobial protection. Can you share any insight into what future fabric developments are planned with KUIU and how they might further push performance boundaries? At the moment, I can just say that we have additional fabric developments planned with KUIU. What role can Ionic+ technology play in reducing over-washing of garments, and how might that influence sustainability in the textile lifecycle? The role of all antimicrobial fabric technologies is to reduce reliance on important resources required to care for garments and fabrics. Antimicrobial technologies remove bacteria that cause odour, so they require less washing and detergents to care for. Fabrics can be worn longer and washed less, which helps preserve the life of the garment and fabric. Ionic+ offers a full range of antimicrobial solutions. We always recommend yarn solutions because the technology is embedded into the fabric, offering lasting benefits throughout the lifecycle. How do you address recyclability and end-of-life concerns for textiles embedded with advanced technologies such as silver-based antimicrobials? Noble has created an exclusive partnership with waterless dyeing technology to bring full fabric circularity to market. Noble launched Ionic PRISM in 2024. This is an exclusive line of fabrics that uses 80 per cent less water and 90 per cent less chemistry to manufacture, and it incorporates Ionic+ Pro antimicrobial yarn technology. Not only does PRISM reduce the resources required to manufacture and care for the fabric, but it is also 100 per cent recyclable. How are your materials contributing to the growth of the wearable technology market, especially for apparel that tracks health or fitness metrics? We developed Circuitex technology to deliver biometric monitoring applications. Our line of metalised yarn and fabrics provide highly conductive, lightweight textiles that can move electrical energy and data through soft surface materials. Noble continues to work closely with a wide range of customers who are innovating end use applications, and we see tremendous opportunity and growth in this category. How important is cross-industry collaboration—between textile innovators, technology firms, and health experts—in shaping the future of smart and responsive fabrics? We attend and display at over 20+ tradeshows a year in different categories and industries. Collaboration is the key to success. You never know how a development in one category can benefit another. We continue to internalise and socialise our findings wherever possible, so we can cross-pollinate textile applications. With sustainability now a non-negotiable, how is the advanced textile industry balancing high-tech performance with circularity, biodegradability, or responsible material sourcing? We believe we have made significant contributions through our technologies and have risen to the occasion of responsible resourcing. In 2025, we will announce a concept that will significantly reduce the impact of resourcing and manufacturing to our customers. This said, Noble is the supplier of technology. We can make suggestions and recommendations, but ultimately it is up to brands and the end users to make the decisions that can make a positive impact on our planet's resources. As more brands look to integrate sustainable treatments, how does Noble ensure EPA and global regulatory compliance without compromising innovation speed? Noble takes great pride in having regulatory team members on staff. The team is intimately involved in our product developments so when we start a project with R&D, our regulatory team has visibility to advise. This allows early insights into requirements globally. Noble received EPA registration for the Ionic+ Botanical formula in early 2023. As regulatory scrutiny increases around treated textiles and biocidal claims, how is the industry preparing to meet compliance while maintaining innovation speed? Noble follows regulatory processes around the world very closely and provides guidance to our customers for antimicrobial claims on an ongoing basis. Because our regulatory team has visibility and access to our development team, our innovations are vetted along commercialisation process. What are some of the key challenges the functional textile industry faces when it comes to consumer education and transparency around embedded technologies like antimicrobials or conductivity? The greatest challenge for end users is understanding how the supply chain works—how and where things are made. Currently, the entire world is learning more about how the supply chain works via tariffs. This could be a positive byproduct of the chaos we are all experiencing. It is important to know where things are made—and maybe more important is to understand how 'quality' products are made. What future developments or textile partnerships can we expect from Noble Biomaterials that will further shape smart, safe, and sustainable fabric design? Noble has one of the most diverse customer portfolios in textiles. We work with global apparel brands, aerospace, military, defence, healthcare, and medical organisations. Our partners bring to market some of the most advanced textiles in the world, and we encourage everyone to follow Noble to see what our partners develop next. How do you see the role of antimicrobial and intelligent textiles evolving in the next five years, especially with the growing focus on health, wellness, and performance in apparel? Ionic+ is a solution for brands, but it is also an innovative technology for industry partners. Noble is partnering with on Ionic+ PRISM, an exclusive solution-dyed fabric. We are also partnering with Coolcore for Ionic+ CoolPro, a cooling and antimicrobial fabric. We are having conversations with many other industry partners looking to advance and innovate fabrics. All these partnerships serve the broader community of categories and provides brands with leading technologies for end users. DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of
Business Wire
22-05-2025
- Business
- Business Wire
Ionic Digital Issues Statement Following Delaware Chancery Court Ruling
AUSTIN, Texas--(BUSINESS WIRE)--Ionic Digital Inc. ('Ionic' or the 'Company') today issued the following statement in response to the Delaware Court of Chancery's (the 'Court') post-trial decision in Vejseli et al. v. Ionic Digital Inc. et al., concerning the Company's 2025 annual meeting of stockholders (the 'Annual Meeting'). The Company was a defendant in litigation commenced by the plaintiff stockholders (the 'Plaintiff Stockholders') where the Court decided, pending entry of a final order, that: The Plaintiffs' director nomination was invalid, and the Plaintiffs did not comply with the Company's Advance Notice Bylaws; and The board of directors should consist of six directors, rather than the current five directors. The Court previously held that Plaintiffs and Olshan Frome Wolosky LLP are not adequate class representatives and the lawsuit is not appropriate as a certified class action because '[t]here is a meaningful risk that [Plaintiffs] would favor [their] own interests over the collective interests of the class [they] hope[] to represent' and that Plaintiffs filed this lawsuit in coordination with Figure Markets and GXD, non-parties that do not own Ionic stock and have separate commercial interests that could diverge from the interests of the class. 'We are pleased that the Court upheld the validity of Ionic Digital's enforcement of its advance notice bylaws, which affirms that the Plaintiffs' nomination notice was invalid. The Board looks forward to informing stockholders regarding its nominees for the two seats. Looking ahead, the Company continues to work hard toward liquidity options, including a listing on a national securities exchange. To be clear: this lawsuit was never about governance. It was a reckless and self-interested campaign, funded and orchestrated by outside actors—Figure Markets and GXD Labs—who are not stockholders of Ionic Digital and who attempted to hijack the Company's boardroom through undisclosed financial backing and covert coordination with a handful of discontented stockholders. According to Plaintiffs' own trial testimony, Figure and GXD 'only care about [themselves]' and do not care about stockholders of the Company. The Company is confident that stockholders will see through this opportunistic attempt to seize control and impose highly conflicted and unvetted leadership. Ionic remains focused on executing its business initiatives to provide a path towards liquidity and drive long-term value for our stockholders. The Company and its Board are committed to maintaining strong governance practices and an open, constructive dialogue with all stakeholders. Ionic looks forward to a fair and informed election process that reflects the interests of the full stockholder base.' Following the final order being entered by the Court, stockholders will be notified with details on the revised annual meeting timeline and procedures for submitting nominations under the reopened window for two open director seats. About Ionic Digital Ionic Digital is a prominent Bitcoin miner and emerging innovator in energy monetization. With facilities across the United States and more than 110,000 active miners, Ionic expects to drive the next generation of energy efficient, low-cost computing through sustainable Bitcoin mining. For more information, visit and follow us on X at @IonicDigital.
Yahoo
22-05-2025
- Business
- Yahoo
Delaware Court Finds That Ionic Digital Directors Breached Fiduciary Duties
SAN FRANCISCO, May 22, 2025 (GLOBE NEWSWIRE) -- In a major victory for stockholder rights, the Delaware Court of Chancery ruled that the board of directors of Ionic Digital Inc. breached their fiduciary duty by unjustly reducing the size of the Board to entrench itself and block shareholder-nominated directors. The ruling forces Ionic to reopen its nomination window for two Class I director seats, giving stockholders the opportunity to finally choose who sits on the Board. Concerned Stockholders Tony Vejseli, Chris Villinger, and Brett Perry, who brought the lawsuit, are urging fellow stockholders to vote for Mike Abbate and Oliver Wiener at the upcoming annual meeting. Learn more at Summing up the dire situation at Ionic Digital and the lack of liquidity facing its stockholders, the Court noted that: 'In the seventeen months since the Company's formation, five of Ionic's eight initial directors have left the Board. Ionic has employed three Chief Executive Officers, two Chief Financial Officers, and two Chief Legal Officers. Its auditor also resigned. Meanwhile, because Ionic has not yet publicly listed its shares and transfer restrictions are in place, stockholders cannot sell their shares.' The Court's landmark decision highlights the self-serving motivations behind the Board's attempts to entrench itself against stockholder-led change, noting: '[T]he trial evidence here overwhelmingly supports a finding that the Board Reduction Resolution was not adopted on a 'clear day.' 'The Board failed to prove that the Board Reduction Resolution was adopted for a valid, non-pretextual corporate purpose.' '[T]he Director Defendants breached their fiduciary duties by inequitably interfering with a corporate election by reducing the number of directors that Ionic stockholders will elect at the Company's first Annual Meeting. 'Plaintiffs have established their entitlement to an order invalidating the Board Reduction Resolution and restoring the Board to six directors, including two Class I directors.' '[T]he Board's wrongful conduct [] necessitates reopening the nomination window.' '[…] Ionic's stockholders, who have not been able to exercise their voting rights since the Company's incorporation, can finally decide for themselves who should serve on the Board.' 'Ionic's stockholders—not this Court—will decide who serves on the Board.' It's Time for Change. The Concerned Stockholders are committed to restoring transparency, accountability, and liquidity to Ionic Digital. Vote for real change — support Mike Abbate and Oliver Wiener on the GOLD Proxy Card at the 2025 annual meeting. Learn more at Contact InformationInvestor Contact:Saratoga Proxy Consulting LLCJohn Ferguson / Ann Marie Mellone (888) 368-0379(212) 257-1311info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
