AMTE Power announced its results for the half year and the conclusion of its new CEO’s strategic review.
Alan Hollis, CEO of AMTE Power, commented:
“I am pleased to report that AMTE Power continued to make good progress in the half year ended 31 December 2022, with progress continuing in line with market expectations of loss before tax for the full financial year.
“Since my arrival at AMTE Power I have been undertaking a strategic review of the people, markets, products, operational capability, functional capability and processes with a clear focus on positioning the business for success through commercialisation of its products and scaling up of the organisation to support our ambitious plans to accelerate routes to market...”
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. They have been been producing cells for over 30 years at their factory in Scotland, which can trace its roots back to the birth of lithium-ion battery cell technology, first patented in the UK.