Li-S Energy (ASX:LIS) has appointed Paladin Defense Services as its US representative, as it advances its engagement with the US Department of Defense and major military contractors.
Based in Kentucky, Paladin is a defence services provider that works as a program integrator, helping advanced technologies enter and succeed in US military and security applications.
Paladin’s government acquisition status provides access to sole-source US government contracts up to US$7.5 million ($11.49 million), reducing procurement timelines and offering Li-S Energy the potential to move more quickly into funded testing, trials, and contract opportunities.
Li-S Energy, which has a market capitalisation of $99.23 million, says this appointment provides faster market access, in-market advocacy, and targeted engagements.
The company says it is a technology fit as Li-S Energy’s batteries are lightweight, energy-dense and with enhanced safety, aligning with the emerging needs of unmanned air, sea and land systems, special operations and next-generation defence platforms.
CEO Lee Finniear says this is a strategic step in opening US defence markets.
“Paladin brings unmatched credibility, access, and insight. Their involvement will significantly accelerate our ability to engage with key decision-makers and convert interest into action,” Finniear says.
Li-S Energy notes the advancement of drone and counter-drone systems has become a key element of the current defence strategy worldwide. This offers Li-S Energy an opportunity as its cell technology can deliver a step change in this capability.
Write to Aaliyah Rogan at Mining.com.au
Images: Li-S Energy
