In 2018, Multicom established a second wholly owned subsidiary, Vanadis Technologies Pty Ltd (Vanadis). Vanadis will be working with leading academic and research institutions to progress a range of next generation uses for vanadium and its derivative compounds.
Multicom is a core participant of the bid to launch a Future Battery Industries Cooperative Research Centre (CRC).
The purpose of the CRC is to promote leadership for Australia to participate meaningfully in the future battery industries value chain through specific industry focussed research.
As well as optimising processing and supply chain studies, Multicom’s wholly owned subsidiary, Vanadis Technologies Pty Ltd will participate in the CRC to research and develop the next generation of vanadium-based battery technologies.