REG - AMTE Power PLC - Re Directorate

Amte PowerAnnouncement

31/10/2022 07:00

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RNS Number : 5744E  AMTE Power PLC  31 October 2022

31 October 2022

AMTE Power Plc

("AMTE Power" or the "Company")

 

Re Directorate

 

Following the announcement on Tuesday 6 September regarding the appointment of
Alan Hollis to the Board of AMTE Power, the Company is pleased to confirm that
in line with that announcement, Alan today assumes the role and full
responsibilities of Chief Executive Officer.

 

Alan Hollis has a 20 year public company track record of developing and
executing profitable growth strategies within engineering and manufacturing
businesses with turnovers ranging from £4m-£200m.

 

As previously announced, Kevin Brundish today becomes Strategy Director and
remains a member of the Board. His focus will be to continue developing AMTE
Power's high performance battery cells in addition to the Company's customer,
supplier and Government relationships.

 

ENDS

 

Enquiries:

 

 AMTE Power plc
 David Morgan (Chairman)                                                   +44 (0)1847 867 200

 WH Ireland Limited (NOMAD and Joint Broker)
 Chris Fielding / James Bavister / Ben Good (Corporate Finance)            +44 (0)207 220 1666

 Panmure Gordon (UK) Limited (Joint Broker)
 John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance)  +44 (0)207 886 2500
 Hugh Rich (Corporate Broking)

 Camarco
 Ginny Pulbrook / Rosie Driscoll                                           +44 (0)203 757 4992

 

 

 

Notes to Editors:

 

AMTE Power was founded in 2013 and is a leading developer and manufacturer of
lithium-ion and sodium-ion battery cells for specialist markets. In March
2021, the Company was admitted to trading on the AIM market of the London
Stock Exchange. The Company is focused on launching a series of next
generation battery cells based on new chemistries and cell structures that are
designed to solve key problems in power delivery, energy performance, and
safety.  These new products are targeted at a range of specialist markets
including the electric vehicle industry and energy storage sector.

 

AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has
the second largest cell manufacturing capacity in the UK and the Company also
has a product development team based in Oxford. AMTE Power's proposed
state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational
and in production by Q3 2025 and be capable of producing over 25,000 high
added value batteries per day enabling the Company to rapidly scale up cell
production.

For further information visit the Company's website: www.amtepower.com
(http://www.amtepower.com)

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