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Altech Chemicals Limited ( (AU:ATC) ) has issued an update.
Altech Batteries Limited has announced a strategic collaboration with AMPower, a subsidiary of Chilwee Group, to enter the sodium nickel chloride battery market in Europe, Australia, and the USA. This partnership allows Altech to distribute sodium nickel chloride batteries under its own brand, leveraging AMPower’s manufacturing capabilities. The collaboration is expected to enhance Altech’s market presence and accelerate cash flow, while the company continues to develop its 120 MWh energy storage project in Germany. These batteries offer advantages such as fireproofing, long cycle life, and suitability for environments where lithium-ion batteries are restricted, positioning Altech to capture niche markets.
More about Altech Chemicals Limited
Altech Batteries Limited operates in the energy storage industry, focusing on the development and distribution of advanced battery technologies. The company specializes in sodium nickel chloride batteries, branded as CERENERGY®, and aims to establish a significant market presence in Europe, Australia, and the USA.
Average Trading Volume: 1,786,539
Technical Sentiment Signal: Sell
Current Market Cap: A$88.73M
See more insights into ATC stock on TipRanks’ Stock Analysis page.