Altech Batteries Ltd Stock Market Press Releases and Company Profile
Quarterly Reports
Quarterly Reports

Perth, July 30, 2020 AEST (ABN Newswire) - Activities at Altech Chemicals Ltd's (googlechartASX:ATC) (googlechartA3Y:FRA) high purity alumina (HPA) site in Johor Bahru, Malaysia, recommenced on 3 June 2020 following the lifting of the Malaysian government COVID-19 pandemic Movement Control Order (MCO).

On the 9 July 2020, the Company announced that the remaining Stage-2 construction work had been completed.

Outstanding Stage-2 construction involved completion of the site electrical substation, which primarily consisted of internal fit-out, drainage, sewage and landscaping. These works have now finished and this marks the completion of all works included in the Stage 2 construction scope by the appointed EPC contractor Metix (a wholly owned subsidiary of SMS group, Germany).

A formal handover inspection of the substation was conducted toward the end of June 2020 and the small number of identified punch list items were all rectified by 30 June 2020. The electrical substation is a critical path item and Altech will now proceed to make the substation available to the local electricity service provider TNB (Tenaga Nasional Berhad) for the installation of switchgear and the incorporation of the substation into the local electrical grid.

Stage 1 and 2 early works construction activities were completed with a total of 137,916 lost time injury (LTI) free hours at the site by the EPC construction team and its appointed subcontractors. A total of 288 personnel were involved in site-based construction activities.

To view the quarterly report, please visit:
https://abnnewswire.net/lnk/11K6TN03


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns. 

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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