Ann: Altech - $8.1m Share Placement and initiation of SPP, page-17

Quite coincidence with sp being at that high for a few hours on monday.

Received this from mar.ke.t in,dex this morning and sp down 10%

ANNOUNCEMENTAustralian company has cracked the Silicon Code. You probably heard this: Billionaire Elon Musk has said that the future of Tesla batteries will contain more Silicon to achieve the required step change in battery energy density and reduced costs.For this to be achieved, high energy capacity metallurgical silicon needs to be introduced into anode chemistry, as silicon has ten times the energy retention capacity compared to graphite. However, there appears to be some major technological challenges!Today, an Australian company has cracked the Silicon Code. The Company has achieved the game changing breakthrough and produced a lithium-ion battery with 30% more anode energy capacity than a conventional lithium-ion battery.We've come across this recent update in this research field that might be interesting. Very interesting.Altech Chemicals is a start-up single project company, it has approximately 4,000 shareholders and a market capitalisation of ~A$90 million. The company is based in Perth, Western Australia and is headed by experienced managing director Mr Iggy Tan who holds degrees in chemical engineering and business administration, he has a track-record of successful project development.