Altech Advanced Materials AG: LAUNCHES FEASIBILITY STUDY FOR FUTURE-ORIENTED PRODUCTION OF SOLID-STATE BATTERIES

Heidelberg (pta015/26.10.2022/13:30 UTC+2)

Altech Advanced Materials AG (hereinafter also the "Company") (FRA: AMA1) announces that the contract for the engineering services for the started feasibility study for the realisation of a 100MWh production plant for solid state sodium alumina batteries has been awarded. Leadec Automation & Engineering GmbH (hereinafter also "Leadec") was commissioned with the lead engineer for the definitive feasibility study for the battery plant to be built in Schwarze Pumpe, Saxony. The Leadec project team with the support of Fraunhofer IKTS has already started its work at the future production site.

The basis for the commissioning is the recently concluded joint venture agreement of the Altech Group with the world-leading German battery institute Fraunhofer IKTS ("Fraunhofer"). The aim of the joint venture is the rapid commercialisation of Fraunhofer's revolutionary CERENERGY® Sodium Alumina Solid State (SAS) battery (see news item dated 13.09.2022). CERENERGY® batteries are an environmentally friendly and resource-saving alternative to lithium-ion batteries for commercial and industrial stationary energy storage, also from renewable sources. CERENERGY® batteries are fire- and explosion-proof, have a service life of more than 15 years and function in all climatic zones, even under extreme climatic conditions. The basic material of this battery technology is common salt. Large quantities of critical, expensive and environmentally harmful materials such as lithium, cobalt, graphite and copper are not required, so metal price increases and problems in the supply chain have no impact on the production process and use.

"We are pleased to appoint Leadec as the lead engineering firm for Altech's CERENERGY® 100MWh project. Leadec has extensive experience in battery manufacturing and will play a key role in driving the final feasibility study for the commercialisation of CERENERGY® solid-state sodium-alumina batteries," said Uwe Ahrens, CEO of Altech Advanced Materials AG.

Altech Advanced Materials AG

The Management Board

About Altech Advanced Materials AG

Altech Advanced Materials AG (ISIN: DE000A2LQUJ6), headquartered in Heidelberg, Germany, is a holding company listed on the Regulated Market of the Frankfurt Stock Exchange. The company's goal is to participate in the market for lithium-ion batteries for electromobility through innovative and high-performance anode material based on high-purity alumina oxide (HPA). Another focus is on solid-state batteries for stationary battery applications.

Further information at: www.altechadvancedmaterials.com

About Leadec

Leadec is a leading global service specialist for factories across their entire lifecycle and associated infrastructure. For 60 years, the German company has been supporting customers in the manufacturing industry with the planning, installation and automation of factories. Leadec has been supporting OEMs and suppliers in the field of battery production and e-mobility for many years. The company covers the entire spectrum from cell production to module and pack production to solutions in the area of recycling and battery disassembly. Leadec employs around 20,000 people worldwide and is represented by its teams at more than 300 locations around the world.

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Emitter:	Altech Advanced Materials AG Ziegelhäuser Landstraße 3 69120 Heidelberg Germany
Contact Person:	Hansjörg Plaggemars
Phone:	+49 6221 64924-82
E-Mail:	info@altechadvancedmaterials.com
Website:	www.altechadvancedmaterials.com
ISIN(s):	DE000A2LQUJ6 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf