Altech Chemicals Ltd (
What is HPA?
- Purified alumina (Al2O3)
- 99.99% (4N) purity or greater
- Smelter Grade Alumina (SGA) ~ 99.5% (5,000ppm impurities, mainly sodium)
- Bayer Process uses sodium hydroxide (NaOH)
- Sodium impurity is problem for electronics industry
Final Stage of Debt Funding Approval
- Target total debt of US$ 185 million
- US$ 165 million export credit finance
- Debt funding with KfW IPEX-Bank
- 50% of plant - German suppliers
- Low interest, long tenure
- ECA approval date 14 Dec 2017
Altech Growth Performance
- 10 x steady market cap growth (3 years)
- Ave trade value $2k/day to $350k/day
- 350% increase in shareholders to 2,300
- $10 m cash, no debt
- 420 m shares on issue
To view the full presentation, please visit:
http://abnnewswire.net/lnk/Z46CI9L9
About Altech Batteries Ltd
Altech 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.
Contact
CorporateIggy 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
Related Companies
Related Industry Topics: