YMAT News & Events

J-Star announced that it has signed a non-binding memorandum of understanding with White Group to support capital formation for the company's planned automated solid-state battery production facility in Baytown, Texas. Under the MOU, White Group will work with J-Star to identify and introduce potential U.S.-based private equity partners to participate in a proposed $100M investment to support construction, automation and technical development of the Baytown facility. The investment is expected to complement J-Star and PSSB's previously submitted U.S. Department of Energy grant application for the project.

J-Star announced that Jonathan Chiang has been reappointed CEO, effective March 31. Chiang succeeds Sam Van, who will continue to support the company as an advisor to the board and management team. The board of directors determined that Chiang's return as CEO will provide experienced leadership and continuity as the company navigates a period of heightened global economic uncertainty and positions itself for long-term growth. Chiang previously served as CEO of J-Star and has led the company since its inception, guiding its evolution into a global provider of high-performance carbon composite products and advanced materials solutions. He will continue to serve as chairman of the board.

J-Star Holding announced that it has entered into an exclusive global distribution agreement with Patriot Green Energy Technology, PSSB. Through this agreement, J-Star will serve as the sole exclusive global distributor of PSSB's products in the areas of "Electric Assist Bicycles and Electric Motorcycles" as well as non-exclusive distributions rights in other PSSB's products. "We are proud to extend our partnership with PSSB and to formalize our exclusive distribution relationship after signing our MOU earlier this year," said Jonathan Chiang, Chairman of J-Star. "PSSB is the gold standard in solid state battery development and our partnership provides J-Star with this unique positioning to leverage the world-class R&D heritage of Taiwan's ITRI. We believe this agreement significantly strengthens J-Star's role in the energy storage ecosystem application for sports equipment and enhances our product offerings."

J-Star announced that the Company has filed formal complaints against PwC with the American Institute of Certified Public Accountants, AICPA, and the Public Company Accounting Oversight Board, PCAOB, regarding PwC's misrepresentations during the Company's NASDAQ IPO process. Jonathan Chiang, Chairman of J-Star, commented, "J-Star is committed to the highest standards of transparency, regulatory compliance, and investor protection. After a careful consideration, we determined that it was appropriate to bring these matters directly to U.S. regulatory authorities to ensure an independent and objective review of the conduct at issue as the implications directly impacted our U.S. IPO process and shareholders."