AMTE Power PLC Notice of Interim Results (7329N)
January 25 2023 - 2:00AM
UK Regulatory
TIDMAMTE
RNS Number : 7329N
AMTE Power PLC
25 January 2023
25 January 2023
AMTE Power Plc
("AMTE Power" or the "Company")
Notice of Interim Results
AMTE Power plc, a leading UK developer and manufacturer of
lithium-ion and sodium-ion battery cells for specialist markets,
announces that it expects to publish its results for the six months
ended 31 December 2022 in the week commencing 6 March 2023.
During the first half of the current financial year, AMTE Power
continued to progress towards its stated operational objectives,
recruited a new Chief Executive Officer and Chief Financial
Officer, and secured additional financing.
The Company's existing cell manufacturing facility in Thurso,
Scotland continues to provide manufacturing capacity to secure and
execute on production contracts for the Ultra Safe and Ultra Prime
cells. The facility in Thurso is allowing AMTE Power to scale up
the production of these cells for customers and, ultimately,
underpins preparation to invest in the business' first
MegaFactory.
Alan Hollis, the new CEO of AMTE Power, commented:
"The business has continued to make good progress during the six
months ended 31 December 2022. AMTE Power has a differentiated
product range targeting identified underserved market segments in a
structurally growing sector where demand for battery cells is
incredibly strong. Ultra High Power cell manufacturing trials at
the UKBIC are progressing well and the business is now planning for
larger scale production runs. Our pipeline of opportunities and
strong technology base combined with our clear path to scale up
leave us well placed for the future.
"Since joining AMTE Power, I have substantially completed a
thorough review of the business and intend to set out my vision for
the next stage of our growth at the interim results."
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)
+44 (0)203 757 4992 /
Camarco (Financial PR) 4981
Ginny Pulbrook / Rosie Driscoll
Notes to Editors:
AMTE Power was founded in 2013 and is a leading 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 state-of-the-art MegaFactory in Dundee,
Scotland will be capable of producing over 25,000 high added value
batteries per day enabling the Company to rapidly scale up cell
production.
For further information visit the Company's website:
www.amtepower.com
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END
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