Altech Chemicals

Altech Batteries Ltd is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (“IKTS”) to commercialise the revolutionary CERENERGY® Sodium Chloride Solid State (SCSS) Battery. The joint venture is commercialising its CERENERGY® battery, with plans to construct a 120Mwh production facility on Altech’s land in Saxony, Germany. The facility intends to produce 120 1MWh CERENERGY® battery GridPacks per annum to provide grid storage solutions to the market. The Company’s proprietary silicon graphite product is registered as Silumina AnodesTM. Altech Batteries Ltd is commercialising a 120 MWh solid state sodium chloride battery production facility to produce 1MWh GridPacks for the European grid energy market, and is also at the cutting edge of developing battery materials for a Lithium-ion battery future by successfully incorporating silicon in graphite anodes to produce higher energy density batteries. Altech has executed a joint venture agreement with leading German battery institute, Fraunhofer IKTS (“IKTS”) to commercialise the Sodium Chloride Solid State (SCSS) Battery. Altech, together with associated entity Altech Advanced Materials AG, is the majority owner at 75% of the joint venture company to commercialise a 100 MWh project to be situated at Altech’s site in Schwarze Pumpe, Saxony, Germany.