AMTE Power PLC UN Certification of Ultra High Power Cells (4366E)
June 29 2023 - 10:37AM
UK Regulatory
TIDMAMTE
RNS Number : 4366E
AMTE Power PLC
29 June 2023
The following amendment has been made to the 'UN Certification
of Ultra High Power Cells' announcement released on 29 June 2023 at
11:21 under RNS No 4014E.
The About AMTE Power paragraph has been amended.
All other details remain unchanged.
The full amended text is shown below.
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)
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
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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END
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June 29, 2023 10:37 ET (14:37 GMT)
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