Altech Advanced Materials AG
ISIN: DE000A31C3Y4
WKN: A31C3Y
01 October 2024 09:04AM

EQS-News: Altech Advanced Materials AG puts first CERENERGY battery prototype 'BatteryPack ABS60' into operation

Altech Advanced Materials AG · ISIN: DE000A31C3Y4 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1994903

EQS-News: Altech Advanced Materials AG / Key word(s): Miscellaneous
Altech Advanced Materials AG puts first CERENERGY battery prototype 'BatteryPack ABS60' into operation

01.10.2024 / 09:04 CET/CEST
The issuer is solely responsible for the content of this announcement.


  • Extensive tests show very good efficiency and robust performance
  • High potential for commercialization and production on an industrial scale
  • Test environment is set up for potential interested parties

Heidelberg, October 01, 2024 - Altech Advanced Materials AG (ISIN: DE000A31C3Y4) has put the first CERENERGY battery prototype "BatteryPack ABS60" into operation in Dresden. The prototype is installed in the test laboratory of Altech's joint venture partner Fraunhofer IKTS in Dresden and integrated into a specially developed battery test station. This setup enables continuous daily charging and discharging cycles to evaluate the efficiency, stability and overall performance of the battery under real-life conditions and provide data for potential customers.

The prototype has already achieved very good results in extensive physical tests and demonstrates exceptional efficiency and robust performance in all key measurements. Among other things, stress tests with over discharge and over charge were carried out without any cell failures, proving the durability of the cells. All results to date show the potential of the cells for long-term stability, high energy capacity and reliability in high-temperature applications. Particularly noteworthy is the battery's excellent thermal stability, a crucial factor in high-capacity energy storage systems. During the rigorous tests, which individual battery cells have already undergone, it was operated within safe temperature limits with no signs of overheating. This underlines the effectiveness of the battery's thermal management system, which plays a crucial role in improving the safety and longevity of the battery. These initial results confirm the integrity of the battery design and the marketability of the battery. Further tests will be conducted to collect additional important data for the planned commercialization of the battery as well as for the customer parties and their different usage configurations.

Uwe Ahrens, CEO of Altech Advanced Materials AG: "We are very pleased that the first prototype of the CERENERGY 60kWh battery is now in operation and delivering very strong results. This confirms our confidence in the sodium chloride solid-state battery technology developed by the world-leading Fraunhofer Institute in Germany. The CERENERGY battery uses ordinary table salt and does not require critical raw materials. It can be operated in a wide temperature range and has a service life of 15 years, about twice as long as conventional lithium-ion batteries. The success of this prototype positions Altech at the forefront of advanced battery technology that is already ready for industrial use. With the CERENERGY battery, we offer a reliable and efficient energy storage solution that is ready for the market."

The prototype can now be demonstrated under real conditions and provides important data for customers. Altech recently announced the first letter of intent for an annual 30 MWh offtake with the Schwarze Pumpe industrial park in Saxony for a period of 5 years. Altech expects that the commissioning of the CERENERGY battery prototype "BatteryPack ABS60" will generate further interest in various industrial applications.

About the ABS60 battery pack
The ABS60 CERENERGY battery pack is a high-performance energy storage system designed for demanding applications. It has a total capacity of 60kWh. The battery pack is composed of 240 CERENERGY cells, each rated at 2.58V. These cells are organized in 4 rows, each comprising 12 cells, and stacked 5 modules high. The dimensional specifications of the battery packs are 2.6 meters in height, 0.4 meters in length, and 1.0 meter in width. Ensuring adherence to the Ingress Protection (IP) 65 standard, the packs are designed to be dust and weatherproof, reflecting high levels of sealing effectiveness for electrical enclosures. Each cell is constructed with solid electrolyte (ceramic tube) technology, offering enhanced safety and thermal stability, even at high operating temperatures of up to 300°C. The pack's cells are rated at 100 Ah, with an impressive efficiency of up to 91%. Designed for durability, the battery can withstand over-discharge conditions without failure, making it a reliable solution for long-term, high-temperature operations. The ABS60 CERENERGY battery is ideal for applications requiring consistent performance and reliability in challenging environments. 18 of these ABS 60 battery packs are installed in a container and marketed as a 1 MWh GridPack. 

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 market for solid-state batteries 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 Executive Board: Iggy Tan, Uwe Ahrens, Hansjörg Plaggemars
Ziegelhäuser Landstrasse 3
69120 Heidelberg
info@altechadvancedmaterials.com
Tel: + 49 6221 649 2482
www.altechadvancedmaterials.com

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


01.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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: 1994903

 
End of News EQS News Service

1994903  01.10.2024 CET/CEST

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The most important financial data at a glance
  2019 2020 2021 2022 2023 2024 2025e
Sales1 0,14 0,02 0,00 0,00 0,08 0,09 0,00
EBITDA1,2 -0,33 -0,62 -0,73 -0,78 -1,50 -0,80 0,00
EBITDA-Margin3 -235,71 -3.100,00 0,00 0,00 -1.875,00 -888,89 0,00
EBIT1,4 -0,41 -0,62 -0,73 -1,28 -1,50 -0,80 0,00
EBIT-Margin5 -292,86 -3.100,00 0,00 0,00 -1.875,00 -888,89 0,00
Net Profit (Loss)1 -0,41 -0,62 -0,88 -1,43 -1,65 -0,84 -2,75
Net-Margin6 -292,86 -3.100,00 0,00 0,00 -2.062,50 -933,33 0,00
Cashflow1,7 0,03 -1,31 -0,75 -0,69 -0,98 -1,26 0,00
Earnings per share8 -0,38 -0,24 -0,16 -0,20 -0,22 -0,11 -0,35
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
©boersengefluester.de
Altech Advanced Materials
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A31C3Y DE000A31C3Y4 AG 7,73 Mio € 13.07.2011 Halten 8FXCCP86+63
* * *
PE 2026e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
-3,75 10,00 -0,38 -3,75 0,91 -6,15 83,06
Dividends
Dividend '2023
in €
Dividend '2024
in €
Dividend '2025e
in €
Div.-Yield '2025e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.01.2026 25.07.2025 11.04.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-1,52%
0,98 €
ATH 17,50 €
-11,28% -44,57% -64,67% -66,61% -92,50%

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