Telescope Innovations and Standard Lithium Demonstrate Low-Temperature, High-Purity Production of Lithium Sulfide for Solid-State Batteries Page 1

Vancouver, British Columbia–(Newsfile Corp. – August 28, 2024) – Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) (“Telescope innovations” or the “Company“), a leading developer of advanced technologies and services for the global pharmaceutical and chemical industries, announces the successful outcome of a research collaboration with Standard Lithium Ltd. (TSXV: SLI) (NYSE American: SLI) (“Standard Lithium“).

Over the past year, Telescope Innovations and Standard Lithium have collaborated to develop a novel method for producing high-purity lithium sulfide, a key material needed for next-generation solid-state batteries (“SSBs“). These advanced batteries are expected to power future electric vehicles (“Electric vehicles“) and other high-tech devices, which offer higher efficiency and safety than current lithium-ion batteries.