Altech Advanced Materials AG
ISIN: DE000A31C3Y4
WKN: A31C3Y
26 November 2024 08:27AM

EQS-Adhoc: Altech Advanced Materials AG: Altech Batteries GmbH concludes letter of intent (LOI) with Enertrag SE and Energiequelle GmbH for the delivery of 160 CERENERGY GridPacks with a capacity of 1 MW

Altech Advanced Materials AG · ISIN: DE000A31C3Y4 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 2035931

EQS-Ad-hoc: Altech Advanced Materials AG / Key word(s): Agreement
Altech Advanced Materials AG: Altech Batteries GmbH concludes letter of intent (LOI) with Enertrag SE and Energiequelle GmbH for the delivery of 160 CERENERGY GridPacks with a capacity of 1 MW

26-Nov-2024 / 08:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


  • LOI signed with Enertrag SE, Energiequelle GmbH and Referenzkraftwerk Lausitz GmbH for the supply of CERENERGY battery packs
  • Purchase volume of 32 MWh per year from 2026 for an initial period of 5 years
  • Delivery of first CERENERGY battery packs planned for end of 2026

Heidelberg, 26. November 2024 - Altech Advanced Materials AG (ISIN: DE000A31C3Y4): Altech Batteries GmbH has signed a Letter of Intent ("LOI") with Enertrag SE, Energiequelle GmbH and Referenzkraftwerk Lausitz GmbH ("the Partners") for the purchase of 30 MWh in 2027 and then 32 MWh units annually of CERENERGY 1 MWh GridPacks initially until 2031. The partners are planning to develop a self-sufficient, hybrid energy island solution with wind power and photovoltaic systems as a standard solution for decentralized use throughout Europe. The letter of intent also includes the purchase of 10 GridPacks for the "Reflau" reference power plant in Schwarze Pumpe, Saxony. As part of this project, the first 32 CERENERGY ceramic solid-state batteries from Altech will be used as temporary energy storage units to feed the renewable energy generated into the power grid on a time-delayed basis as required. The first energy storage units are due to be delivered at the end of 2026 to our partners. As part of the LOI, it was further agreed that Altech will purchase green electricity at competitive prices directly from the partners in the region for the planned production plant.

Explanatory part

Altech plans to build a production plant for CERENERGY battery packs with an annual production capacity of 120 MWh in Schwarze Pumpe. This LOI, which has now been concluded, is the second letter of intent within a few weeks for the salt-based solid-state batteries developed for stationary industrial operation (see press release dated 12.09.2024).

Uwe Ahrens, CEO of Altech Advanced Materials AG: "The Schwarze Pumpe Industrial Park is going green. Altech is playing a key role in this with its innovative battery storage systems. We are delighted to have concluded the LOI with Enertrag, Energiequelle and the Lausitz reference power plant. This is the second LOI we have signed with strong partners in the region in a very short space of time, following the Schwarze Pumpe Industrial Park Special Purpose Association. This means that we already have letters of intent to purchase around half of our planned annual production. This is a great success and another important step towards realizing the outstanding financing for the planned production plant."

CERENERGY battery project

Altech Batteries GmbH (ABG) is a joint venture with the world-leading German battery institute Fraunhofer IKTS to commercialize the revolutionary CERENERGY sodium-aluminum oxide solid-state battery (SAS). CERENERGY batteries are the groundbreaking alternative to lithium-ion batteries. CERENERGY batteries are fire and explosion-proof and have a service life of more than 15 years. The battery technology uses common salt and is free of lithium, cobalt, graphite and copper, eliminating dependence on critical metal price increases and supply chain issues.

The joint venture markets its CERENERGY battery and plans to build a 120 MWh production plant on the Altech site in Saxony. The plant will produce CERENERGY battery modules for the grid storage solutions market.

About Altech Advanced Materials AG

Altech Advanced Materials AG (ISIN: DE000A31C3Y4), based in Frankfurt am Main, is a holding company listed on the regulated market of the Frankfurt Stock Exchange. The company's aim is to participate in the solid-state battery market for stationary battery applications with CERENERGY.

Another focus is on lithium-ion batteries. An innovative anode material based on high-purity aluminum oxide (HPA) - Silumina Anodes - is intended to significantly increase the performance of this battery for electromobility.

Further information: www.altechadvancedmaterials.com
Altech Advanced Materials AG
The Management Board: Iggy Tan, Uwe Ahrens, Hansjörg Plaggemars
Ziegelhäuser Landstrasse 3
69120 Heidelberg
info@altechadvancedmaterials.com
Tel: + 49 6221 649 2482
www.altechadvancedmaterials.com

Contact the press:
Ralf Droz / Doron Kaufmann, edicto GmbH
Tel: +49 (0) 69 905505-54
E-Mail: AltechAdvancedMaterials@edicto.de
 


End of Inside Information

26-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Altech Advanced Materials AG
Ziegelhäuser Landstraße 3
69120 Heidelberg
Germany
Phone: +49 6221 6492482
E-mail: info@altechadvancedmaterials.com
Internet: www.altechadvancedmaterials.com
ISIN: DE000A31C3Y4
WKN: A31C3Y
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange
EQS News ID: 2035931

 
End of Announcement EQS News Service

2035931  26-Nov-2024 CET/CEST

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The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 0,11 0,14 0,02 0,00 0,00 0,08 0,00
EBITDA1,2 0,23 -0,33 -0,62 -0,73 -0,78 -1,50 0,00
EBITDA-Margin3 209,09 -235,71 -3.100,00 0,00 0,00 -1.875,00 0,00
EBIT1,4 0,18 -0,41 -0,62 -0,73 -1,28 -1,50 0,00
EBIT-Margin5 163,64 -292,86 -3.100,00 0,00 0,00 -1.875,00 0,00
Net Profit (Loss)1 0,18 -0,41 -0,62 -0,88 -1,43 -1,65 0,00
Net-Margin6 163,64 -292,86 -3.100,00 0,00 0,00 -2.062,50 0,00
Cashflow1,7 -0,15 0,03 -1,31 -0,75 -0,69 -0,98 0,00
Earnings per share8 0,11 -0,38 -0,24 -0,16 -0,20 -0,22 -0,25
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Nexia

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INVESTOR-INFORMATION
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Altech Advanced Materials
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A31C3Y DE000A31C3Y4 AG 22,50 Mio € 13.07.2011 Kaufen 8FXCCP86+63
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
0,00 10,00 0,00 -21,52 4,47 -22,98 288,48
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
11.06.2024 19.07.2024 18.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+1,43%
2,84 €
ATH 17,50 €
-4,86% -33,75% -67,54% -67,36% -78,15%

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