22 May 2024
Mpac Group
plc
("Mpac")
First FREYR Battery Unit Cell
Production Trial
Mpac Group plc (AIM: MPAC) and FREYR
Battery ("FREYR") are pleased to announce that the first production
trial of 24M Technologies SemiSolidTM unit cells has
been completed at FREYR's Customer Qualification Plant ("CQP") in
Mo I Rana, Norway.
In the next phase, the CQP will move
to continuous production, manufacture sample cells, and increase
production speeds.
The casting and unit cell assembly
equipment, provided by Mpac, automates the manufacturing of cathode
and anode electrodes and the production of pouch cells.
Adam Holland, Chief Executive Officer at
Mpac Group plc said:
"Progress at the CQP continues to
demonstrate Mpac's ability to support innovative Clean Energy
technologies. I would like to thank the hard-working team,
and our partners at Siemens and Festo for their support.
There remains much work ahead to deliver our vision for a
sustainable future, and this is just one step in the
journey."
Birger Steen, Chief Executive Officed at
FREYR, stated:
"I am proud to report this latest
achievement at the CQP. We have demonstrated FREYR's
technical and operational qualifications as an emerging
industrialization partner of choice in the battery industry.
The next step on our road map is to replicate what we have just
done in an uninterrupted process, which will mark FREYR's initial
cell production with the full automation of the CQP."
Mark Dudziak, Senior Director, Advanced
Manufacturing at 24M Technologies, said,
"This is an important step toward
demonstrating the production of SemiSolid technology at
GWh-scale."
Brian Holliday, Managing Director at
Siemens Digital Industries said,
"This has been an amazing team
effort between Freyr, Mpac, Festo and Siemens working together at
the leading edge to highly automate battery production."
For
further information, please contact:
|
Mpac
Group plc
Adam Holland, Chief
Executive
Will Wilkins, Group Finance
Director
|
Tel: +44(0)24 7642 1100
|
|
Shore Capital (Nominated Adviser &
Broker)
Advisory
Patrick Castle
Broking
Henry Willcocks
|
Tel: +44(0)20 7408 4050
|
|
Liberum (Joint Broker)
Edward Mansfield
Will King
Anake Singh
Hudson Sandler
Nick Lyon
Nick Moore
|
Tel: +44 (0) 20 3100 2000
Tel: +44 (0) 20 7796 4133
|
About Mpac Group plc
Mpac designs, builds and supports
the machines that assemble and package the products that millions
of people around the world depend on. Headquartered in the UK
and have strategically located manufacturing and service locations
to provide customers with local support and a global reach.
Mpac is listed on AIM, a market of the London Stock Exchange,
under the trading symbol 'MPAC'.
About FREYR Battery
FREYR Battery aims to provide
industrial scale clean battery solutions to reduce global
emissions. Listed on the New York Stock Exchange, FREYR's mission
is to produce green battery cells to accelerate the decarbonization
of energy and transportation systems globally. To learn more about
FREYR, please visit www.freyrbattery.com.