The innovation company has announced a technological breakthrough…
The post Strategic Elements (ASX:SOR) share price soars with air-powered battery appeared first on The Motley Fool Australia. –
Shares in Strategic Elements Ltd (ASX: SOR) are flying today following news the company has managed to power a Bluetooth sensor device with moisture. At the time of writing, shares in Strategic Elements are up 13% – swapping hands for 25 cents apiece.
The milestone is part of the innovation company’s quest to develop a moisture-powered battery that can receive charge from humidity in the air or human skin.
Let’s take a closer look at today’s news from Strategic Elements.
Strategic Elements has successfully used its moisture-charged battery to power a Bluetooth sensor.
The feat involved an electronic control board, a Bluetooth communication module, a temperature sensor and a humidity sensor.
The device successfully communicated real time humidity and temperature data to a laptop over a 5-hour period, using power generated from the air around it.
According to the company, the technology has the power to be used for internet of things (IoT) devices. IoT devices are those people don’t directly interact with but that can communicate with other devices over the internet. One example is a garage door that automatically opens when its owner’s car approaches.
The battery uses Strategic Elements’ graphene oxide-based battery ink technology. The technology can create extremely thin batteries that can be printed onto surfaces such as glass or flexible plastic.
According to Strategic Elements, its moisture powered batteries are more environmentally friendly than traditional batteries as graphene oxide is widely available, as is the humidity needed to power them.
Additionally, the company said scaling down batteries can significantly increase their output capacities.
The company plans to test its technology on a prototype of a scaled down, printed battery in the coming weeks.
If that test is successful, Strategic Elements intends to develop a prototype battery pack capable of producing more than a milliamp of electrical current in the coming quarter.
Strategic Elements share price snapshot
Today has boosted the Strategic Elements share price back into ASX green.
Currently, Strategic Elements shares have gained 6.2% since the start of 2021. They’ve also gained 264.2% since this time last year.
The company has a market capitalisation of around $85 million, with approximately 388 million shares outstanding.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.