Battery X Metals Announces Commercial Revenue Share Agreement for Next- Generation Lithium-Ion Battery Rebalancing Machine Following Estimated Driving Range Increase of ~255 km of Light-Duty Electric Vehicle Model with Severe Cell Imbalance
Battery X Metals Announces Commercial Revenue Share Agreement for Next-
Generation Lithium-Ion Battery Rebalancing Machine Following Estimated
Driving Range Increase of ~255 km of Light-Duty Electric Vehicle Model with
Severe Cell Imbalance, Restoring Battery Range to ~295 km in Preliminary Trial
News Release Highlights:
1. Battery X Metals Inc.’s wholly-owned subsidiary, Battery X Rebalancing Technologies Inc., has
entered into a Commercial Revenue Share Agreement with an arm’s length, independent Vancouver-
based automotive service center specializing in out-of-warranty Tesla vehicles. The agreement
marks the first commercial deployment of its patent-pending, second-generation lithium-ion battery
rebalancing machine (“Prototype 2.0”) in a live customer-facing environment.
2. Under the terms of the Agreement, Battery X Rebalancing Technologies will receive 20% of gross
service revenue per rebalancing procedure, plus applicable taxes, with no direct costs incurred for
labor, overhead, or shop operations—establishing a potential early-stage revenue stream with no
direct operating expenses.
3. The Revenue Share Agreement follows a successful real-world performance trial in which
Prototype 2.0 restored a severely imbalanced light-duty electric truck’s estimated driving range
from approximately 40 kilometers to 295 kilometers—a 255-kilometer increase representing a
637.5% improvement—validating the commercial potential of the platform.
VANCOUVER, British Columbia – July 18, 2025 – Battery X Metals Inc.
(CSE:BATX)(OTCQB:BATXF)(FSE:5YW, WKN:A40X9W) (“Battery X Metals” or the “Company”) an energy
transition resource exploration and technology company, announces that, further to its news release
dated July 4, 2025, in which the Company reported a significant driving range increase in a Class 3 light-
duty electric vehicle (the “ Electric Truck”) following a real-world trial using its patent-pending second-
generation lithium-ion battery rebalancing hardware and software platform (“Prototype 2.0”), its wholly
owned subsidiary, Battery X Rebalancing Technologies Inc. (“ Battery X Rebalancing Technologies ”), has
entered into a Commercial Revenue Share Agreement (the “ Revenue Share Agreement”) with an arm’s
length, independent automobile service center (the “ Automotive Service Center”) based in Vancouver,
BC, specializing in servicing out-of-warranty Tesla vehicles.
This collaboration marks the first commercial deployment of Battery X Rebalancing Technologies’ patent-
pending second-generation lithium-ion battery rebalancing hardware and software platform,
Prototype 2.0, in a real-world customer environment. Further to the Company’s July 4, 2025 news release,
the Agreement builds on the success of a preliminary real-world performance trial, in which Prototype 2.0
restored a Class 3 Electric Truck with severe battery cell imbalance from an estimated driving range of
approximately 40 kilometers to approximately 295 kilometers—representing a 255-kilometer increase
and a 637.5% improvement in battery range under no-load conditions (summary of the Results, below).
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This Revenue Share Agreement represents a critical step in Battery X Rebalancing Technologies’ ongoing
product development and commercialization roadmap. While Prototype 2.0 remains in its product
development and validation phase, the successful rebalancing of the Electric Truck revealed an immediate
market opportunity to service similar vehicles experiencing cell imbalance and range degradation. The
validation phase includes continued field testing, refinement of the software architecture,
implementation of data retention and analysis features, and the development of vehicle-specific adapters
to expand compatibility across a wider range of EV platforms, including Tesla Model 3 and Model X (as
disclosed in the Company’s news release dated May 9, 2025 , and other electric vehicles.
Through the Revenue Share Agreement with the Automotive Service Center, Battery X Rebalancing
Technologies is now positioned to generate near-term revenue by deploying Prototype 2.0 in a live
commercial setting, without incurring any direct operating, labor, or overhead costs. This cost-efficient
arrangement allows Battery X Rebalancing Technologies to pursue technical and product development
validation while meeting emerging market demand. Insights gained through this collaboration are
expected to inform the design and capabilities of future-generation rebalancing machines and support
Battery X Rebalancing Technologies’ longer-term commercialization strategy.
“This Revenue Share Agreement marks a meaningful milestone in our product development and validation
roadmap,” said Massimo Bellini Bressi, CEO of Battery X Metals. “It enables us to deploy Prototype 2.0 in
a real-world commercial setting while continuing to refine the platform’s architecture, expand multi-
vehicle compatibility, and collect operational insights that will inform future product iterations. Although
we remain in the product development and validation phase, this collaboration provides strong early
proof-of-concept and allows us to assess market demand and customer adoption without incurring direct
operational costs.”
The initial focus of the Revenue Share Agreement is on servicing Electric Trucks, where Prototype 2.0 has
demonstrated successful outcomes in preliminary trials. The Revenue Share Agreement may also extend
to other electric vehicle platforms, including the Nissan Leaf, which has already been successfully
validated, and potentially Tesla models, subject to further compatibility validation. This phased approach
enables Battery X Rebalancing Technologies to meet immediate demand for electric vehicles that have
already been validated, while continuing to developing compatibility with additional electric vehicle
platforms prior to expanding the scope of its rebalancing services.
As previously disclosed in the Company’s news release dated September 27, 2024, Battery X Rebalancing
Technologies paid $200,000 to Beijing Pengneng Science & Technology Ltd. for the development and
production of Prototype 2.0. While no direct operating costs will be incurred by Battery X Rebalancing
Technologies under the Agreement, this investment represents initial research and development (R&D)
expenditures. The Company anticipates that commercial manufacturing costs for future production units
will be significantly lower.
The Revenue Share Agreement will operate in parallel with the parties’ existing Scope of Services
Agreement (the “Scope of Services Agreement”), as disclosed in the Company’s news release dated May
9, 2025. The Scope of Services Agreement is focused on validating Battery X Rebalancing Technologies’
proprietary rebalancing processes and Prototype 2.0. Under this agreement, the Automotive Service
Center supports pre- and post-rebalancing diagnostics—initially centered on Tesla battery packs, while
also extending validation efforts to additional EV platforms, including the Nissan Leaf, the second most
common out-of-warranty electric vehicle in the United States, which was successfully validated as
disclosed in the Company’s news release dated May 30, 2025, and the Electric Truck.
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These activities are intended to inform the development of standardized operating procedures (SOPs) and
further demonstrate and enable the platform’s compatibility across multiple EV brands. The parties are
also collaborating on battery connector port integration, with Battery X Rebalancing Technologies granted
facility access for equipment storage and controlled testing. The Scope of Services Agreement carries no
financial obligation and is structured to enable dedicated technical validation in support of future
commercial scale-up.
The Revenue Share Agreement is anticipated to complement ongoing technical initiatives while enabling
Battery X Rebalancing Technologies to assess market demand and validate proof-of-concept in a live,
revenue-generating environment. This early-stage collaboration provides valuable insights into service
delivery, operator training, baseline pricing, and customer adoption dynamics—helping inform Battery X
Rebalancing Technologies’ broader commercialization strategy and potentially contributing to the
development of a scalable business model over time.
Terms of the Agreement
Under the terms of the Revenue Share Agreement, Battery X Rebalancing Technologies will provide the
Automotive Service Center with access to Prototype 2.0 at its primary service location for the purpose of
offering lithium-ion battery rebalancing services to customers. Battery X Rebalancing Technologies will
receive a fee equal to twenty percent (20%) of the Gross Rebalancing Service Price (defined herein) (the
“BATX Fee”) for each completed rebalancing procedure, plus applicable federal and provincial sales taxes
on the BATX Fee amount. Battery X Rebalancing Technologies will not incur any direct labour, overhead,
or operating costs under the Revenue Share Agreement.
For purposes of the Revenue Share Agreement, the “ Gross Rebalancing Service Price ” is defined as the
total amount billed by the Automotive Service Center to the customer for the rebalancing service,
excluding taxes and excluding any Shop-Supplied Fee (defined herein). For purposes of the Revenue Share
Agreement, the “Shop-Supplied Fee” refers to a separate charge of up to five percent (5%) of the Gross
Rebalancing Service Price, which may be added by the Automotive Service Center to cover costs such as
shop materials and credit card processing fees. Battery X Rebalancing Technologies is not entitled to any
portion of the Shop-Supplied Fee, which shall be retained entirely by the Automotive Service Center.
Prototype 2.0 remains the exclusive property of Battery X Rebalancing Technologies and is classified as a
working prototype that supports the Battery X Rebalancing Technologies’ broader research, development,
validation, and commercialization roadmap. Battery X Rebalancing Technologies retains all rights, title,
and interest in and to any data, diagnostic results, or performance outputs generated through its use. The
Revenue Share Agreement provides Battery X Rebalancing Technologies with the right to reclaim
Prototype 2.0 at any time upon not less than 24 hours’ written notice.
The Automotive Service Center is required to provide monthly statements detailing all completed
rebalancing procedures by the third business day of each calendar month. Based on this statement,
Battery X Rebalancing Technologies will issue an invoice for the applicable BATX Fees plus taxes. Payment
is due no later than the fifth business day of the same month. Any undisputed amount remaining unpaid
after that time will accrue interest at a rate of 2.0% per month (24% per annum), compounded monthly.
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The Revenue Share Agreement will remain in effect until terminated by either party upon thirty days’
written notice. Upon termination, the Automotive Service Center will be required to return Prototype 2.0
in good working condition and remit any outstanding BATX Fees, if applicable.
Electric Truck Real World Rebalancing Trial Results
Further to the Company’s news release dated July 4, 2025, Battery X Rebalancing successfully completed
a real-world driving trial demonstrating a significant increase in estimated driving range for a fully electric,
Class 3 commercial electric vehicle, or light-duty electric vehicle (the “ Electric Truck”), following a full
battery rebalancing process using Prototype 2.0.
As part of its ongoing performance validation program for Prototype 2.0, Battery X Rebalancing
Technologies recently conducted a series of real-world road tests on a rebalanced Electric Truck to
evaluate post-rebalancing driving range and battery efficiency. The Electric Truck was supplied by an
authorized Canadian distributor of the Electric Truck (the “Electric Truck Authorized Distributor”) and, as
represented by the Electric Truck Authorized Distributor, had previously demonstrated a significantly
degraded driving range of approximately 40 kilometers per full charge caused by significant natural cell
imbalance caused by real-world conditions.
In response to this battery capacity performance deficiency, Battery X Rebalancing Technologies
performed a battery rebalancing procedure on the Electric Truck utilizing Prototype 2.0, as initially
disclosed in the Company’s news release dated June 6, 2025. During the associated rebalancing trial
(the “Rebalancing Trial”), Battery X Rebalancing Technologies successfully completed a full rebalancing
process on a 144-cell lithium-ion battery pack composed of lithium nickel manganese cobalt oxide (NMC)
chemistry, which had exhibited substantial imbalance attributable to real-world operating conditions. The
Rebalancing Trial demonstrated complete (100%) recovery of imbalance-related capacity loss and yielded
a 37.7% increase in the Rated Capacity (as defined in the June 6, 2025 news release) of the Electric Truck’s
battery pack.
The Results
Following completion of the rebalancing procedure, Battery X Rebalancing Technologies conducted a
series of controlled real-world performance evaluations (each, a “ Trial” and collectively, the “ Battery
Range Performance Trials ”) on the Electric Truck for the purpose of assessing post-rebalancing
improvements in battery range and overall energy efficiency under actual operating conditions. In the first
Trial, the Electric Truck traveled a total distance of 41 kilometers, utilizing approximately 14% of its
available battery capacity, while operating across a combination of highway and city driving
environments. In the second Trial, the vehicle completed a distance of 107.3 kilometers while consuming
approximately 35% of its battery capacity, under similarly mixed driving conditions. The third Trial,
conducted exclusively under city driving conditions, demonstrated that the vehicle traveled 58.2
kilometers while utilizing approximately 21% of its available battery charge (collectively, the “Results”).
The Results demonstrate a material improvement in the estimated driving range and effective battery
capacity of the Electric Truck. Specifically, post-rebalancing performance testing indicates an estimated
driving range of approximately 295 kilometers per full charge under no-load conditions. These figures
represent an increase of up to 255 kilometers in driving range under no-load conditions, corresponding
to an approximately 637.5% improvement of battery driving range, as compared to the pre-rebalancing
range of approximately 40 kilometers. The Results affirm the technical efficacy and commercial relevance
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of Battery X Rebalancing Technologies’ proprietary rebalancing process and support its broader
applicability within light-duty electric vehicle fleets and other commercial electric transportation use
cases.
The Electric Truck parent company has represented that the Electric Truck’s expected driving range under
maximum payload conditions is approximately 290 kilometers. Battery X Rebalancing Technologies’
Battery Range Performance Trials yielded an estimated range of approximately 295 kilometers under no-
load conditions following rebalancing. Although these figures were obtained under different load
scenarios, the close alignment between the Electric Truck Authorized Distributor’s reported range and the
post-rebalancing estimate supports the reliability of Battery X Rebalancing Technologies’ testing
methodology. Furthermore, the Results underscore the potential of Battery X Rebalancing Technologies’
rebalancing process to restore battery performance to levels consistent with the high end of
manufacturer-reported specifications.
The Battery Range Performance Trials were performed under no-load conditions; it is relevant to note
that payload can have an effect on energy consumption and overall driving range. This consideration is
consistent with widely recognized industry dynamics and is disclosed to provide a complete and
transparent understanding of factors that may influence real-world vehicle performance. Range may vary
based on payload, terrain, driving behavior, and other operational conditions.
These performance outcomes further validate the effectiveness and market relevance of Battery X
Rebalancing Technologies’ proprietary rebalancing solution in restoring degraded battery capacity and
materially extending the remaining useful life of commercial electric vehicle batteries. The Company
believes these results provide compelling technical validation in support of Prototype 2.0’s broader
commercial deployment, particularly in fleet environments where range reliability, battery lifespan
longevity, and total cost of ownership are mission-critical considerations.
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Significance of Results & Market Opportunity for the Electric Truck
The Results of the Rebalancing Trial and the Battery Range Performance Trials collectively demonstrate
that Prototype 2.0 is capable of effectively rebalancing lithium-ion battery packs exhibiting significant,
naturally occurring cell imbalance. This successful outcome builds upon previously disclosed validation
milestones achieved by Battery X Rebalancing Technologies, including third-party technical validation
conducted by the National Research Council of Canada (as referenced below), as well as the Company’s
news release dated May 30, 2025, announcing the successful rebalancing of a naturally imbalanced Nissan
Leaf battery pack—the second most common out-of-warranty electric vehicle platform in the United
States.
Importantly, the Results not only validate the technical efficacy of Prototype 2.0 in an Electric Truck
application, but also demonstrate its potential to recover substantial lost battery capacity resulting from
cell imbalance. This performance reinforces the relevance of the Company’s patent-pending technology
in practical, real-world scenarios and highlights the broader need for scalable, cost-effective battery
recovery solutions. The Battery Range Performance Trials further substantiates the commercial viability
of Prototype 2.0 as a solution to extend the remaining useful life of aging battery packs in commercial
electric vehicle fleets.
The Electric Truck and associated Electric Truck battery pack were supplied to Battery X Rebalancing
Technologies at no cost for testing and evaluation by the Electric Truck Authorized Distributor, who
advised that it owns and operates a fleet of approximately 20 Electric Trucks (the “ Electric Truck Fleet”).
According to the Electric Truck Authorized Distributor, multiple vehicles within the Electric Truck Fleet
have exhibited material battery degradation and capacity loss attributable to cell imbalance. The
Rebalancing Trial and the Battery Range Performance Trials were undertaken in response to the Electric
Truck Authorized Distributor’s request for a viable alternative to full battery replacement, which it advised
may be financially prohibitive on a fleet-wide basis.
The objective of the Rebalancing Trial and the Battery Range Performance Trials was to determine
whether Prototype 2.0 could effectively restore functional battery performance in a degraded battery unit
sourced from the Electric Truck Fleet. Upon successful rebalancing, the Battery Range Performance Trials
further aimed to quantify the extent of recovered battery capacity in terms of estimated driving range.
The positive Results are expected to inform and support ongoing discussions with the Electric Truck
Authorized Distributor regarding the potential deployment of the rebalancing solution across its broader
fleet, with the goal of extending battery life and mitigating the operational and financial impact of
premature battery replacements.
Battery X Rebalancing Technologies has been informed by the Electric Truck Authorized Distributor that a
substantial number of similar electric trucks are currently in operation across various markets, including
those held by the Electric Truck’s parent company, authorized distributors, commercial fleet operators,
and private owners. Many of these vehicles are reportedly experiencing battery degradation symptoms
consistent with cell imbalance. This feedback underscores a broader market opportunity for Battery X
Rebalancing Technologies to provide a scalable, cost-effective rebalancing solution aimed at extending
battery life and reducing total cost of ownership for commercial EV stakeholders.
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In conjunction with the Rebalancing Trial and the Battery Range Performance Trials, Battery X Rebalancing
Technologies is currently advancing the development of standardized operating procedures (“ SOPs”)
tailored to the Electric Truck Battery Pack, in addition to refining user interface and workflow
enhancements within Prototype 2.0. The Company is also actively pursuing a commercial manufacturing
agreement to support scalable production and deployment of its rebalancing platform. These activities
are intended to further the Company’s broader commercialization strategy, which is not limited to any
single third-party opportunity. The Electric Truck-specific SOPs, however, are being developed in direct
response to the successful Battery Range Performance Trials and the interest expressed by the Electric
Truck Authorized Distributor.
While the execution of the Revenue Share Agreement with the Automotive Service Center represents the
first potential revenue-generating arrangement for Battery X Rebalancing Technologies, there can be no
assurance that additional commercial agreements with the Electric Truck Authorized Distributor or other
third parties will be entered into at this time. Although the Company remains encouraged by the results
of the Rebalancing Trial and Battery Range Performance Trials, any future commercial arrangements will
be subject to further technical validation, the negotiation of mutually acceptable terms, and completion
of operational readiness milestones.
The Problem: Rising EV Adoption Presents New Battery Lifecycle Challenges
In 2024, global EV sales reached approximately 17.1 million units, representing a 25% increase from 20231.
With cumulative global EV sales from 2015 to 2023 totaling an estimated over 40 million units 2, a
significant share of the global EV fleet is expected to exit warranty coverage over the coming years.
By 2031, nearly 40 million electric, plug-in hybrid, and hybrid vehicles worldwide are anticipated to fall
outside of their original warranty coverage3,4. This projection is based on current EV adoption figures and
standard industry warranty terms, and underscores a growing risk for EV owners facing battery
degradation, reduced capacity, and costly replacement requirements5. As the global EV fleet continues to
expand, the demand for technologies that extend battery life, reduce long-term ownership costs, and
support a sustainable transition to electric mobility is increasing.
The Solution: Next-Generation Technologies to Support Lithium-Ion Battery Longevity
Battery X Rebalancing Technologies’ proprietary software and hardware technology aims to address this
challenge by extending the lifespan of EV batteries. This innovation is being developed with the aim to
enhance the sustainability of electric transportation and the goal to provide EV owners with a more cost-
effective, environmentally friendly ownership experience by reducing the need for costly battery
replacements.
Battery X Rebalancing Technologies’ rebalancing technology, validated by the National Research Council
of Canada (“NRC”), focuses on battery cell rebalancing. The NRC validation demonstrated the technology’s
ability to effectively correct cell imbalances in lithium-ion battery packs, recovering nearly all lost capacity
due to cell imbalance. The validation was conducted on battery modules composed of fifteen 72Ah
LiFePO₄ cells connected in series. The cells were initially balanced to a uniform state of charge (SOC), with
a measured discharge capacity of 71.10Ah. In the validation test, three of the fifteen cells were then
artificially imbalanced—one cell was charged to a 20% higher SOC, and two cells were discharged to a 20%
lower SOC—resulting in a reduced discharge capacity of 46.24Ah, following rebalancing using Battery X
Rebalancing Technologies’ rebalancing technology.
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These advancements establish Battery X Rebalancing Technologies as a participant in lithium-ion and EV
battery solutions, aiming to tackle the critical challenges of capacity degradation of battery packs and
expensive replacements. By extending the lifecycle of battery materials within the supply chain, Battery X
Rebalancing Technologies aims to support the energy transition and promote a more sustainable future.
1 Rho Motion – Global EV Sales 2024, 2 IEA Global EV Outlook 2024, 3 IEA, 4 U.S. News, 5 Recurrent Auto
About Battery X Metals Inc.
Battery X Metals (CSE:BATX) (OTCQB:BATXF) (FSE:5YW, WKN:A40X9W) is an energy transition resource
exploration and technology company committed to advancing domestic and critical battery metal
resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360°
approach to the battery metals industry, the Company focuses on exploration, lifespan extension, and
recycling of lithium-ion batteries and battery materials. For more information, visit batteryxmetals.com.
On Behalf of the Board of Directors
Massimo Bellini Bressi, Director
For further information, please contact:
Massimo Bellini Bressi
Chief Executive Officer
Email: [email protected]
Tel: (604) 741-0444
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements within the meaning of applicable Canadian
securities laws. Forward-looking statements in this release relate to, among other things: the commercial
deployment and performance of Prototype 2.0; the terms and benefits of the Commercial Revenue Share
Agreement with the Automotive Service Center; the expected generation of revenue without direct
operating costs; the implications of the real-world Electric Truck rebalancing trial and its reported driving
range improvements; the broader technical capabilities and commercial potential of Prototype 2.0;
ongoing software, workflow, and compatibility validation across additional EV platforms including Nissan
Leaf and Tesla models; the potential to expand deployment across the Electric Truck Authorized
Distributor’s fleet; anticipated market demand for the Company’s battery rebalancing services; the
continued development and implementation of standardized operating procedures (SOPs); the pursuit
and execution of a commercial manufacturing agreement; and the Company’s ability to offer scalable,
cost-effective rebalancing solutions for aging EV batteries and out-of-warranty vehicles globally. These
forward-looking statements reflect management’s current beliefs, expectations, and assumptions as of
the date of this news release, and are based on a number of factors and assumptions believed to be
reasonable at the time such statements are made, including but not limited to: assumptions regarding
lithium-ion battery performance and chemistry; the repeatability of Prototype 2.0 results across different
EV platforms and use cases; the operational readiness of partners and service providers; the Company’s
ongoing contractual relationships with partners and service providers; the availability of vehicles requiring
rebalancing services; and the Company’s ability to refine and scale its rebalancing platform for commercial
production and deployment. Forward-looking statements are subject to known and unknown risks,
uncertainties, and other factors that may cause actual results, performance, or achievements to differ
materially from those expressed or implied by such statements. These risks and uncertainties include, but