Altech Chemicals Ltd (
Established Proven Chemistry
- Chemistry established in 1900s by Swiss
- US Gov & Alcoa developed further 1980's
- No demand for HPA in 1980's
- New HPA growth demand (LEDs LIBs)
- Altech applied open chemistry to Meckering
- Very successful, disruptive, lowest cost
- Two patents established for processing technology
Altech Growth Performance
- 900% steady market cap growth (4 years)
- Ave trade value $2k/day to $350k/day
- Mar Cap $60m - 572 m shares
- Cash - $4 m, No debt
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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
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