Gelion
GELN · AIM · Industrial Goods and Services · mcap £30m · 18.5p 3 open situations →
Open · 3
Mitsui Kinzoku sulfur battery JDA
On 13 Oct 2026 Gelion announced a co-funded proof of concept with an unnamed top-five global automotive OEM, a week after the top-15 OEM material testing agreement (6 Oct 2026). The 21 Oct 2026 final results list both as post-period commercial engagements. No funding amount, duration or milestone dates are given.
- Partner
- Unnamed top-five global automotive OEM 21 Oct 2026 ↗
- Scope
- Evaluate NES™ sulfur cathode technology and NES™ CAM for EV battery applications 21 Oct 2026 ↗
- OEM contribution
- Engineering expertise, testing facilities and part of the funding; amount not stated 21 Oct 2026 ↗
- Gelion role
- Complementary testing to correlate performance data throughout the programme 13 Oct 2026 ↗
- Next milestone
- No dates, duration or value given 21 Oct 2026 ↗
- 21 Oct 2026 JDA signed; reported as post-period event in FY26 results
- 13 Oct 2026 PoC agreement signed 13 Oct 2026
- 7 Aug 2026 JDA signed; staged payments tied to milestones
New CEO and commercial scale-up
On 30 June 2026 Gelion replaced CEO John Wood with Matthew Wood, ex-Cabot battery materials and scale-up executive. The Board says the company is moving from technology development to commercial scale-up. John Wood stays as Senior Advisor to keep partner relationships continuous. An options grant is planned for later.
- New CEO
- Matthew Wood, 44, 15 years at Cabot (latest role SVP & President, Reinforcement Materials), earlier six years at BP; joins the Board immediately
- Outgoing CEO
- John Wood retires with immediate effect, leaves the Board, stays as Senior Advisor
- Rationale
- Transition from technology development to commercial scale-up; US entry widens geographic focus
- Options
- 6,882,648 options (3% of issued share capital), vesting 1,147,108 every six months for three years, exercise price 0.1p
- Shareholding
- Matt Wood has no interest in the Company's share capital
- Next milestone
- Investor Meet Company presentation, 0900 BST on 2 July 2026
Next: Options grant to new CEO, announced later
- 13 Jul 2026 New CEO in place; newsletter reiterates scale-up focus
- 30 Jun 2026 New CEO appointed; John Wood retired
TDK sulfur battery collaboration
Next: expanded testing with TDK; no date stated
- 13 Apr 2026 Partnership progress noted; no new detail
- 2 Mar 2026 GEN3 CAM supplied; initial pouch cells produced
- 27 Nov 2025 Multi-year collaboration agreement signed; progressing to prototypes
- 21 Oct 2025 Collaboration signed; lab-scale CAM production starting
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Company filings. Not investment advice.