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
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