5 August 2025

Gelion plc

("Gelion" or the "Company" or the "Group")

Gelion Achieves Breakthrough in Lithium-Sulfur Performance

Gelion plc (AIM: GELN), the global energy storage innovator, announces a major milestone in the development of its Lithium-Sulfur (Li-S) battery technology, demonstrating exceptionally promising performance in initial coin cell tests.

Building on its strategic collaboration with the Max Planck Institute of Colloids and Interfaces (MPI), announced in March 2025, and the successful Sodium-Sulfur (Na-S) coin cell results shared on 17 April, Gelion has now also successfully integrated MPI's advanced materials (Gelion Sulfur Cathode) into Li-S coin cells, delivering industry-leading results.

Using coin cells, the industry-standard platform for battery testing, the Company has now demonstrated outstanding power and cycling capabilities using Gelion's proprietary Sulfur Cathode developed in collaboration with MPI, in both Na-S and Li-S cells.

Key Initial Results

·      Longer battery life: Li-S coin cells constructed with thin layers of the Gelion Sulfur Cathode have passed 1,000 cycles under aggressive 1C testing conditions (One-hour full charge and discharge). Still cycling well following 1,100 cycles, the cells exhibit remarkable performance:

o  Higher energy retention: The cells retain 90% (1490 mAh/g(S)) of theoretical capacity when cycled at C/10 (10-hour charge and 10-hour discharge). This provides evidence of the longevity performance required for application of the Gelion Sulfur Cathode to mass market e-mobility.

o  Higher power performance: The cells display 75% (1240 mAh/g(S)) of theoretical capacity when discharged at 10 C (6-min discharge). This provides evidence of the high-power performance required for processes such as vertical takeoff and landing (VTOL) in drone applications, and fast charge or rapid acceleration in e-mobility.

The high percentage retention (meaning the percentage sulfur in the cathode that retains full accessible viability) against theoretical capacity after significant cycling, and even at high power levels, is a factor of the stability of the Gelion Sulfur Cathode material and puts Gelion's technology on track to strong performance/market fit.

Going forward, Gelion will update on activities which focus on using commercially relevant cathode thicknesses (i.e., high areal capacities), validating performance parameters necessary for real-world adoption across the broader energy storage market.

Significant progress toward commercialisation

These findings mark a significant advancement in the commercialisation of Li-S battery technology, a next-generation alternative to traditional lithium-ion battery systems. Li-S batteries offer 60% - 70% higher Specific Energy Density to lithium-ion, with the added benefits of lower cost materials and improved sustainability. To date, widespread adoption has been hindered by challenges such as poor cycle life and limited high-rate performance. Gelion's breakthrough addresses both issues, demonstrating long-term stability and high-power delivery. This paves the way for Li-S to become a viable solution for applications ranging from electric vehicles to drones.

Following this advancement, Gelion has now demonstrated outstanding performance in both Na-S and Li-S coin cells, aimed at a broad range of applications such as drones, EVTOL aircraft, mass-market electric vehicles, and Battery Energy Storage System (BESS) solutions.

John Wood, CEO of Gelion said: "These results reflect a pivotal step forward in unlocking the potential of Li-S batteries. By combining Gelion's technology and engineering expertise with the world-class research of the Max Planck Institute of Colloids and Interfaces, we are demonstrating both high power performance and durability alongside the characteristic high specific energy of Lithium Sulfur. This positions us strongly on a path to meet the demands of future mobility and stationary energy storage solutions with a sustainable, high power, high-capacity, high cycle life, battery technology."

CONTACTS

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

About Gelion

Gelion ("gel: ion") is a global energy storage innovator, supporting the transition to a more sustainable economy by commercialising globally important next generation battery technologies: Sulfur based, Lithium-Sulfur (Li-S), Sodium-Sulfur (Na-S) and Zinc-based (Zn) hybrid cells to electrify mobile and stationary applications and battery recycling technology.

Gelion plc (the Group) is listed on the London Stock Exchange's Alternative Investment Market and wholly owns UK based OXLiD Ltd and Battery Minerals Ltd and Australia based Gelion Technologies Pty Ltd.  Gelion is designing and delivering innovative battery technology to enable that transition and return value for its customers and investors.

In addition, Gelion is also delivering commercial Battery Energy Storage Systems (BESS) projects through its Integration Solutions business.

Sulfur Batteries

Gelion's effort is directed at the potential for sulfur-based cathode active materials (CAMs) to deliver low-cost & sustainable batteries with compelling performance. In the case of Li-S batteries, the target is a high-performance light-weight battery for the EV and e-aviation market. In the case of Na-S batteries, the target is an ultra-low-cost advancement on batteries currently employed in the stationary storage and economy EV market. The company's overarching goal is to help make global transport, energy consumption and storage more sustainable.

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