Altech Batteries Ltd Stock Market Press Releases and Company Profile

A Leading Vertically Integrated HPA Developer with a Defined Strategy to Reach Production

Institutional Investor Information Pack
Institutional Investor Information Pack

Perth, Jan 19, 2017 AEST (ABN Newswire) - Altech Chemicals Ltd (googlechartASX:ATC) is pleased to provide the Company's latest presentation titled "Institutional Investor Information Pack - 'Meeting a Sapphire Future'".

It addresses the funding & engineering update on HPA project.

Funding overview

- Altech expects to fund the development of the HPA project using a simple, sole lender, non-dilutive funding structure with one of Europe's leading international project and export finance banks

- An indicative term sheet has been received for a US$70m debt funding package with German KfW IPEX-Bank

o The combined project finance package is expected to include US$60m of export credit finance at highly competitive terms (LIBOR +2% to 3%)

- Export credit is a scheme that provides cover to bank lenders to insure against an export loan, and was identified as being applicable to Altech's HPA project because the majority of the project's plant and equipment will be sources from German / European manufacturers and the EPC contractor (M+W Group) is a German company

o The remaining US$10m is expected to be provided with standard commercial terms

- Thorough due diligence is currently being conducted by consultants on behalf of KfW IPX-Bank

- Definitive (EPC) project capital expenditure estimates are required in order to finalise the project financing agreements

Engineering: Detailed Design

- Detailed design and engineering work is currently being undertaken by German firm M+W Group in Stuttgart, Germany

- M+W Group was appointed as Engineering, Procurement and Construction (EPC) contractor in March 2016

- Leading global engineering and construction firm with extensive Asian experience

- Established Singapore and Malaysian offices, with extensive Malaysian construction experience

- Detailed design is progressing well and on track

To view the full presentation, please visit:
http://abnnewswire.net/lnk/D2IZZ688


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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