ATC - Altech Batteries Limited today closed up 47% to finish at...

ATC - Altech Batteries Limited today closed up 47% to finish at 5.6c on $670k stock traded. The reason they were up today was because they announced its first CERENERGY ABS60 battery prototype was online and operating successfully.

The ABS60 CERENERGY battery pack is a high-performance energy storage system with a total capacity of 60kWh.

The battery is ideal for applications requiring consistent performance and reliability in challenging environments being dust and weatherproof.

The ABS60 battery has outperformed early expectations, exhibiting exceptional efficiency and robust performance across all key metrics.

These early findings confirm its design integrity and bolster confidence in its commercial viability.

Some details on today's news are listed below:

ALTECH – CERENERGY FIRST 60 KWH PROTOTYPE ONLINE AND ACHIEVING GREAT RESULTS

Highlights

• CERENERGY 60 KWh prototype completed and operating
• Undergoing daily testing with battery test station at Dresden
• Outperformed early expectations
• Exhibiting exceptional efficiency and robust performance
• Maintains safe, optimal operating temperatures
• Ongoing testing providing critical data for off-take parties
• Strong commercial potential for large-scale production
• Separate individual cell testing conducted
• Demonstrates performance to published specifications

Altech Batteries Limited is pleased to announce that its first CERENERGY ABS60 battery prototype is online and operating successfully.

The completed battery unit has passed all physical tests with flying colours.

The prototype was installed at Altech’s joint venture partner Fraunhofer IKTS’ test laboratory in Dresden, Germany, and integrated into a specially designed battery test station.

This setup enables continuous daily charging and discharging cycles to assess the battery's efficiency, stability, and overall performance under real-world conditions

Altech’s CEO and MD Iggy Tan stated

“We are extremely pleased that the first CERENERGY 60kWh battery prototype is now up and running and operating better than expected, reconfirming our confidence in the sodium-chloride solid-state battery technology developed by the world-leading Fraunhofer Institute in Germany.

Using common table salt technology and without the requirement for lithium, copper, cobalt, graphite and manganese, the CERENERGY® battery can operate in a wide range of temperatures and has a life of 15 years, around double that of lithium-ion batteries.

The prototype can now be demonstrated under real-world conditions, providing critical data for off-take parties.

This will be invaluable as Altech pushes forward with sales and finance to construct the first 120MWh plant.

With the first Letter of Intent for 30MWh of offtake with Schwarze Pumpe Industrial Park recently announced, we envisage that having the CERENERGY 60kWh battery prototype up and running and exceeding expectations, will further assist in the offtake process”.