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

Hydrogen trucks: coming to a motorway near you

The automotive sector has some ambitious decarbonisation targets to meet and it’s going to take a variety of technologies to get there.  Hydrogen fuel cell electric vehicles (FCEVs), in particular, look set to be an important part of

AMTE Power

AMTE Power appoints new GM to head up Caithness factory

AMTE Power, a company that specialises in electric vehicle and energy storage markets, has appointed Simon Brooks as their new General Manager. Simon will be heading the Caithness factory as the company increases production to meet the rising

AMTE Power

Fuel cell electric vehicles

Fuel cell electric vehicles (FCEVs) are powered by hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no tailpipe emissions—they only emit water vapor and warm air. FCEVs and the hydrogen infrastructure to fuel them are in

AMTE Power

Fuel Cell Electric Vehicle (FCEV)

Fuel cell electric vehicles (FCEVs), are powered by hydrogen fuel cells and are far more efficient than their conventional counterparts. They only emit water vapor and hot air and do not produce greenhouse gases, even in negligible quantities. Polymer electrolyte

AMTE Power

Battery maker feels positive about future

AMTE Power has selected the former Michelin tyre factory in Dundee for the projectA high-performance battery maker has reiterated hopes that its first big manufacturing plant can open in 2025. AMTE Power selected the former Michelin tyre factory

AMTE Power

Sodium-ion batteries

The rapid growth in the worldwide battery demand has accelerated the search for efficient, low cost, and sustainable batteries able to satisfy different markets, including portable electronics, the electrified mobility sector, and stationary applications. Several emerging battery technologies

AMTE Power

Why EV battery makers are in a race to develop cheaper cell materials

American and European start-ups are racing to develop new batteries using two abundant, cheap materials — sodium and sulphur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles. Today’s EVs run on

AMTE Power

AMTE Power: Powering the energy transition

AMTE Power plc (LON:AMTE) is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage.

Amte Power

Innovation: Unblocking the road to net zero

We have access and rights to some of the most innovative cell technologies. With our unique IP portfolio, we are solving major battery challenges for electric vehicles and energy storage – paving the way to net zero. We

Amte Power

Building a world-class UK battery industry

Tony Harper, Director of the Faraday Battery Challenge, explains why the UK must build a battery supply chain to support the automotive industry’s transformation to net zero. The transformation to zero-emission vehicle production is an existential question for

Amte Power

AMTE Power appoints Anita Breslin as Chief Financial Officer

AMTE Power plc (LON:AMTE), a leading manufacturer of battery cells for specialist markets, has announced the appointment of Anita Breslin to the Board as Chief Financial Officer. Anita will join the Board with effect from 28 November 2022

Amte Power

AMTE Power agrees production contract with  UKBIC

AMTE Power, the developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, has signed a contract to manufacture its Ultra High Power cells at UKBIC in Coventry to support the next phase of its commercialisation

Amte Power

AMTE Power signs convertible loan facility

AMTE Power Plc (LON:AMTE, a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, has announce that, following the passing of the Resolutions at the General Meeting held yesterday, it has entered into Definitive Documents

No more posts to show