Altech Batteries (ASX:ATC, FRA:A3Y) confirms selection of suppliers for CERENERGY® battery project

Highlights

• Altech Batteries has selected German battery plant suppliers for its Saxony-based project
• The company asserts there is "outstanding progress and advancement" with respect to Definitive Feasibility Study of theCERENERGY® battery project
• The workshops at Fraunhofer’s facility in Dresden, Germany were led by Managing Director Iggy Tan

Publicly listed specialty battery technology company Altech Batteries Ltd (ASX:ATC, FRA:A3Y) -- progressing toward commercialising the CERENERGY® Sodium Alumina Solid State technology -- has informed that CERENERGY® battery plant suppliers have now been confirmed. Notably, the plant is being developed in a JV with Fraunhofer. ATC confirms selection of German battery plant suppliers who have expertise in manufacturing plants, automation, and robotics.

Expert workshops -- held during the week starting 22 May 2023 -- were attended by Altech and Fraunhofer teams, Leadec’s process and automation engineering team, and suppliers for the project who presented their designs.

Source: Company update

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Altech is developing CERENERGY® batteries -- stated to be an alternative to lithium-ion batteries -- and is advancing the joint venture project with Fraunhofer IKTS. The ASX-listed company has informed that the plant design has been finalised after talks with various suppliers. At Fraunhofer’s facility in Dresden, multiple expert workshops were conducted, with Altech's Managing Director leading the discussions with various attendees including suppliers.

The design areas of the Saxony, Germany-based plant involve high automation and robotics, Altech states. Among various partners for the project are Gustav Eirich GmbH (ceramic mixing systems), Frey Systeme GmbH (green ceramic cell production), Riedhammer GmbH (sintered ceramic cell production), Xenon Automation GmbH (cell quality checks), Fritz Automation GmbH (filling and assembly), and others.

Notably, Leadec Automation & Engineering GmbH is the lead engineer for the Definitive Feasibility Study. The company, which is a prominent global service specialist for factories across the full life cycle and infrastructure, is also "possibly" the EPCM contractor, Altech mentions, for the building of the 100MWh Battery project.

Source: Company update

Statement by Managing Director

Mr Iggy Tan of ASX-listed Altech Batteries has lauded the progress and commented that the excellence shown by German plant suppliers chosen by the company is "truly remarkable". He has also mentioned that ATC's design efforts, with the company having exclusive rights to the CERENERGY® technology, will pave the way for stakeholders' "future success".

ATC shares on ASX traded over 2% higher, at AU$0.089 (market cap over AU$124 million), after the announcement on 3 July 2023.