• Novonix closed sale of its Battery Technology Solutions business in Nova Scotia to former CEO Chris Burns for US $1.
• Business will operate as two independent companies, Avrion Battery Labs and Dryve Battery Materials.
• Novonix received a 15% equity stake in Dryve Battery Materials as part of transaction.
• Deal terms set BTS cash balance at close at US $2 million, subject to adjustments.
• Novonix will provide transition services and a trademark license through Dec. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Novonix Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202604301848PRIMZONEFULLFEED9711165) on April 30, 2026, and is solely responsible for the information contained therein.