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) | |
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| 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) | |
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| 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
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 or follow us on Twitter @faradion_uk.
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