REG - AMTE Power PLC - UN38.3 Certification of Ultra Safe Cells

Amte PowerAnnouncement

04/05/2023 07:00

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RNS Number : 3340Y  AMTE Power PLC  04 May 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.

 

4 May 2023

 

AMTE Power PLC

("AMTE Power", or the "Company")

UN38.3 Certification of Ultra Safe Cells and Initial Demonstration

 

AMTE Power plc (AIM: AMTE), a leading UK developer and manufacturer of
lithium-ion and sodium-ion battery cells for specialist applications in
growing markets, has become the first European business to receive UN38.3
transportation testing certification for a sodium-ion cell.

The accreditation for its Ultra Safe sodium-ion product marks another
important step forward in AMTE Power's commercialisation plans, allowing it to
access global markets.  UN38.3 certification has been adopted by regulators
and competent authorities around the world as an essential standard for the
safe transportation of cells. The protocol includes identifying/classifying
cells; testing/qualification requirements; design guidance/conditions and
packaging/shipping obligations.

 

Alan Hollis, CEO at AMTE Power, said:

"Battery energy storage for homes and industry will play a fundamental role in
helping the UK to deliver its decarbonisation goals and maximise the potential
of renewables. Sodium-ion batteries are fast becoming an alternative to
lithium counterparts, particularly for energy storage applications. Our
sodium-ion cell has been specifically developed with these applications in
mind, providing a safe, stable solution that doesn't add to pressure on
lithium stocks.  We are seeing growing demand for our market leading
technology used in the Ultra Safe product, and achieving UN38.3 certification
marks a major milestone in our plans to scale up production to meet our
customers' needs."

"Furthermore, I am delighted to announce that our Ultra Safe cells have now
been incorporated into 12 and 43-volt battery packs developed by AceOn for
mobile energy storage. These are believed to be the first UK-developed battery
packs based on sodium-ion and their performance will be demonstrated powering
an inverter system at the Renewable Energy Workshop and Mobile Solar Power
Energy Storage System Demonstration (REWED) today."

 

Mark Thompson, managing director at AceOn, said:

"Sodium-ion batteries are the next big development in battery technology.  As
far as I am aware we are the first company to have UK-developed sodium-ion
battery packs in our hands. The fact that we are collaborating with a UK
manufacturer in AMTE Power, and developing and building the packs in the UK
ourselves, is vitally important for the country.  It represents a real
step-change in battery chemistry and offers huge opportunities across a range
of industries and applications."

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Alan Hollis, Chief Executive Officer of the Company.

 

ENDS

 

Enquiries:

 

 AMTE Power plc                                           Tel: +44 (0)1847 867 200
 Alan Hollis (Chief Executive Officer)
 Anita Breslin (Chief Financial Officer)

 WH Ireland Limited (Nominated Adviser and Joint Broker)  Tel: +44 (0)207 220 1666
 Chris Fielding / James Bavister (Corporate Finance)
 Fraser Marshall (Corporate Broking)

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

 Camarco (Financial PR)                                   Tel: +44 (0)20 3757 4992 / 4981
 Ginny Pulbrook / Tom Huddart / 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)

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