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.”