Shishir Poddar, CEO Tirupati Graphite (TGR.L) Successful Trials of Battery Grade Spherical Graphite Interview

Tirupati Graphite plc, the fully integrated, revenue-generating, specialist graphite producer and graphene developer with operations in Madagascar and India

Is pleased to announce that it has successfully completed trials and tests for the manufacture of battery-grade spherical graphite ('SPG'), used in the anode of lithium-ion batteries ('LiB'), in tandem with a globally recognised German manufacturer of spheroidisation and micronisation equipment, achieving significant results in the end SPG product.

Shishir Poddar, Executive Chairman & CEO of Tirupati Graphite, said, " With EV markets evolving faster than ever before and an increased focus on reducing emissions from mobility, coupled with the daily evolving geo-political situations, it is an extremely important and opportune time for us to concentrate our efforts in fast tracking the development of commercial capacities for spherical graphite manufacturing. Our green credentials with zero-waste purification technology give us the ability to manufacture and supply our SPG products to EV makers as a preferred source, and we are very well positioned to benefit as an eco-friendly ex-China source of this critical material.

"Global leaders are driving the exponential growth worldwide in EV adoption in order to achieve targets under the Paris Agreement, amongst other accords. While the United Kingdom has launched a green industrial revolution; the US government's vehicle fleet is expected to be replaced by EVs assembled in the US, an initiative led by President Joe Biden. Change is also afoot in the Netherlands where significant purchase subsidies brought in earlier this year are forecast to multiply sales in 2021, with December 2020 achieving the country's largest number of EV sales to date. India is advancing its plan to achieve an 100% shift to EVs by 2030 alongside many other countries. The impact is now visible in increasing EV sales worldwide.

"We feel privileged to contribute to the global rally for electric mobility and we are excited to be able to expedite our SGP developments in order to meet increasing demand, and in doing so, we are well positioned to take advantage of the EV boom. I look forward to updating our shareholders as we evolve further, working to become a frontrunner in the global SPG market for batteries and EVs."

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