"Aether Industries Finalizes Strategic Agreement with Global Lithium-Ion Battery Producer"

Aether Industries Limited (NSE: AETHER, BSE: 543534), a leading specialty and fine chemical manufacturer in India, and a preferred provider of Contract Research and Manufacturing Services, has taken a significant step by finalizing a strategic agreement and contract with a global lithium-ion battery producer. This move marks Aether's foray into the electrolyte additives and battery space, showcasing the company's commitment to diversifying its product offerings.

The executed agreement includes the commercial supply finalization of a specific electrolyte additive and initiates discussions on three additional additives. Aether Industries, known for its expertise in specialty chemicals, sees this collaboration as a strategic move to tap into the growing demand for sustainable and decarbonized solutions.

Dr. Aman Desai, Director of Research, Manufacturing, and Operations at Aether Industries, expressed enthusiasm about the partnership, stating, "We are excited to announce this new partnership and strategic agreement with our new customer, a global lithium-ion battery producer. We are equally excited to announce Aether's entry into the electrolyte additives and battery space. As the world marches on towards decarbonization and sustainable practices, I don't need to emphasize the promise and tremendous opportunities that exist in this space for the specialty chemical industry."

Dr. Desai highlighted the company's longstanding efforts in developing products for the battery sector and emphasized the decision to make it public knowledge after securing a substantial commercial contract with a global lithium-ion battery producer.

He further commented on Aether's broader sustainability initiatives, including recent collaborations with Saudi Aramco Technologies Company on the commercialization of the sustainable Converge® polyols technology. Dr. Desai affirmed, "Aether is firmly established as a premier India-based provider of sustainable and carbon-neutral chemistry solutions across the industry spectrum."

This strategic move positions Aether Industries as a key player in the evolving landscape of electrolyte additives and battery technologies, contributing to the company's reputation as an innovative and forward-thinking chemical manufacturer.

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