AMTE Power well placed for the future with pipeline of opportunities

AMTE Power plc (LON:AMTE), a leading UK developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, has announced 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.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
AMTE Power

More articles like this

AMTE Power plc

Major milestone achieved by Thurso-based battery firm

A Thurso-based battery manufacturer has achieved “a major milestone” in its plans to access global markets. AMTE Power is believed to be the first European business to receive certification for the safe transportation of its Ultra Safe sodium-ion

AMTE Power plc

Focus on flexibility – optimising battery pack production

The AMS Evolution Livestream expert panel representing Ford, AMTE Power and Henkel, discussed the fast-changing production requirements as cell manufacturers and OEMs ramp up Gigafactories and battery pack assembly. OEMs and battery cell producers are updating cell chemistries,

AMTE Power plc

AMTE Power receives certification for sodium-ion cell

UK developer and manufacturer of lithium-ion and sodium-ion battery cells, AMTE Power, has received UN38.3 transportation testing certification for a sodium-ion cell. The accreditation for its Ultra Safe sodium-ion product is part of the firm’s commercialisation plans, allowing

AMTE Power plc

AMTE Power gets first UN testing for sodium cell

AMTE Power 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

AMTE Power plc

North-west Europe STEPS programme

The Faraday Institution is working with partners on the Interreg North-West Europe (NWE) STEPS programme to strengthen the competitiveness of innovative storage providers by using a user-centric, demand-driven approach to bring products closer to market. STEPS aims to drive down

AMTE Power plc

AMTE Power MoU signed with CalPac Resources

AMTE Power plc (LON:AMTE), a leading UK developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist applications in growing markets, has announced that it has signed a memorandum of understanding with CalPac Resources Limited, which is

AMTE Power plc

AMTE Power drawdown from convertible bond facility

AMTE Power Plc (LON:AMTE), a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, has announced that, further to the announcement dated 4 November 2022, the Company issued yesterday a Tranche 2 drawdown notice

AMTE Power plc

AMTE Power consider moving Dundee megafactory to America

A megafactory proposed for Dundee could be moved to America because of subsidies on offer under President Biden’s Inflation Reduction Act. The chief executive of Thurso-based battery manufacturer AMTE Power told Sky News the company is considering shifting production because

AMTE Power plc

AMTE Power receives funding boost from HIE

AMTE Power, the battery manufacturer, has received a £580,000 loan from Highlands and Islands Enterprise for general working capital purposes to support the group’s operations in Thurso. The company, which intends to build a megafactory in Dundee, remains

AMTE Power plc

Thurso battery firm secures £580k loan to support work

A pioneering battery manufacturer has secured a £580,000 loan to support its operations in Thurso. The company is stepping up its production of lithium-ion and sodium-ion battery cells as it looks to take advantage of specialist markets for

AMTE Power plc

Thurso: powering our growth plans

At AMTE Power, we’re incredibly proud of our heritage at Thurso in northeast Scotland, and our facility there is set to play a central part in our ambitious growth plans. The factory has been making cells for over

No more posts to show