European strategyTan said: “Altech alternate director Uwe Ahrens...

European strategy

Tan said: “Altech alternate director Uwe Ahrens and Altech Advanced Materials AG director Hanjoerg Plaggemars continue to promote Altech and our HPA project in Germany and provide us with the most up to date information about the very fluid business environment both in Germany and across Europe generally.

“Despite various COVID-19 restrictions that are in place, Uwe and Hansjoerg have been able to continue with important meetings and maintain and build their respective networks of various potential investors, battery materials and automotive industry participants.”

Early indications as to possible European fiscal stimulus post-COVID-19 is that manufacturing stimulus could be weighted more towards the evolving 'new economy' and may likely preference 'carbon-light' technology such as electric vehicles as opposed to twilight 'carbon-heavy' technology such as internal combustion engine vehicle manufacture.

Altech’s HPA project is strongly aligned to the new, green economy due to HPA’s use as a coating material within lithium-ion batteries and as the non-substitutable raw material for the manufacture of synthetic sapphire, a substrate material for the production of energy-efficient light-emitting diodes (LEDs).