REG - AMTE Power PLC - UN Certification of Ultra High Power Cells

Amte PowerAnnouncement

29/06/2023 11:30

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RNS Number : 4014E  AMTE Power PLC  29 June 2023

29 June 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

AMTE Power Plc

("AMTE Power" or the "Company")

UN Certification of Ultra High Power Cells

 

AMTE Power plc, a leading UK developer and manufacturer of battery cells for
specialist markets, announces that it now anticpates the UN certification of
its Ultra High Power Cells in the third quarter of 2023.

In the certification testing the Ultra High Power cell met all of the A-Sample
target performance requirements, however, due to the identification of a minor
manufacturing defect, the certification process of the cells has been halted.
The root cause of the defect has been identified, and cells from the next
production batch, in the third quarter 2023, will now be used to certify the
product.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Anita Breslin, Chief Financial Officer of the
Company.

Enquiries

 AMTE Power plc                                        +44 (0)1847 867 200
 Alan Hollis (Chief Executive Officer)

 Anita Breslin (Chief Financial Officer)

 WH Ireland (NOMAD and Joint Broker)                   +44 (0)207 220 1666
 Chris Fielding / James Bavister (Corporate Finance)
 Fraser Marshall (Corporate Broking)

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

 Camarco (Financial PR)                                +44 (0)203 757 4992 / 4981
 Ginny Pulbrook / Rosie Driscoll

 

About AMTE Power

AMTE Power was founded in 2013 and is a leading UK 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's proposed gigafactory in
Dundee, Scotland is expected to be capable of producing over 8 million battery
cells per annum enabling the Company to rapidly scale up cell production.

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

 

About Faradion

Faradion is the world leader in sodium-ion battery technology that provides
low cost, high performance, safe and sustainable energy. Its proprietary
technology delivers leading-edge, cost-effective solutions for a broad range
of applications, including mobility, energy storage, back-up power and energy
in remote locations. Faradion's patented zero-volt capability enables the safe
transportation and maintenance of sodium-ion batteries. The wide operating
temperature range, high energy density and fast charge/discharge capability
combine to offer a next generation, drop-in solution. Its sodium-ion batteries
contain no cobalt, no lithium and no copper, resulting in a safe and
sustainable, cost-effective, high -performance technology.

For more information, visit www.faradion.co.uk (http://www.faradion.co.uk/) or
follow us on Twitter @faradion_uk (https://twitter.com/faradion_uk) .

 

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