Altech - Updated Research Report
Perth, Aug 25, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (
ASX:ATC) is pleased to advise of the release of an updated research report titled "ECA financing steps in final throws" by Perth-based stockbroking firm DJ Carmichael.
Written by DJ Carmichael Head of Research, Mr Paul Adams, the report is a follow-up from Mr Adams' initial research report on the Company published in February this year (refer ASX announcement dated 26 February 2016).
A copy of the updated research report is now available on the Company's website: http://www.altechchemicals.com/research-reports.
To download the research report, please visit:
http://abnnewswire.net/lnk/X068VX8M
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
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