Altech Batteries Ltd Stock Market Press Releases and Company Profile
Annual Report to Shareholders
Annual Report to Shareholders

Perth, Oct 31, 2018 AEST (ABN Newswire) - Altech Chemicals Ltd (googlechartASX:ATC) provides the Company's Annual Report to shareholders.

In the last four years the Company has focused on building its shareholder base and driving up market liquidity for its shares. During this time shareholder numbers have increased six-fold from 600 to around 3,500 and daily share trading liquidity has risen from an average of around $3,000 per day to an average of $140,000 per day. These increases are testament to the quality of its HPA project and awareness created amongst investors from conference presentations and road shows. During the last four years the price of Altech shares has risen from a base of ~6 cents and market capitalisation has grown from ~$8 million to $87 million.

To view the Annual Report, please visit:
http://abnnewswire.net/lnk/WR350D34


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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