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Altech Chemicals Limited ( (AU:ATC) ) has provided an announcement.
Altech Batteries Limited has announced a strategic collaboration with AMPower, a major manufacturer of sodium nickel chloride batteries, to enter the markets of Europe, Australia, and the USA. This partnership allows Altech to distribute sodium nickel chloride batteries under its own brand, enhancing its market presence and accelerating cash flow. The collaboration also supports Altech’s ongoing development of its CERENERGY® 120 MWh energy storage project in Germany, with preliminary funding approval from the German Government. The batteries offer advantages such as being fireproof, having a long cycle life, and operating reliably in extreme temperatures, making them suitable for explosion-proof environments.
More about Altech Chemicals Limited
Altech Batteries Limited is a company operating in the energy storage industry, focusing on the development and distribution of sodium nickel chloride batteries. Their primary products include high-performance energy storage systems designed for various applications, including uninterrupted power supply (UPS) and environments where lithium-ion batteries are restricted. The company is strategically targeting markets in Europe, Australia, and the USA.
Average Trading Volume: 1,786,539
Technical Sentiment Signal: Sell
Current Market Cap: A$88.73M
For detailed information about ATC stock, go to TipRanks’ Stock Analysis page.