Company Presentation (ASX CEO Session)
Perth, Feb 21, 2017 AEST (ABN Newswire) - Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's latest Presentation titled "The CEO Sessions ASX Exchange Auditorium".
The vision of Altech Chemicals Ltd is to be a world leading producer of high purity alumina(HPA) - 4,000 tonnes per annum.
About Sapphire and HPA
- Sapphire as hard as diamond
- Forms in nature - temp and pressure
- Synthetic sapphire wafers
- Used in LEDs, semiconductors, watches
- Needs pure alumina (99.99%)
- 99.99% (4N) HPA sells for US$23,000 tonne
- 70% demand - Asia Pacific region
Detailed Design is progressing well
- Detailed design at advanced stage
- 55 M+W engineers on the project
- Germany, Singapore and Malaysia
- Process plant, equipment & piping (Germany)
- Civil, buildings, electrical, instruments (Singapore)
- Overall about 90% specified
- Overall 65% in binding quote
Timeframe to market
- Debt funding term sheet end Q2 2017
- Project equity Q3 2017
- Site works commencing Q3 2017
- 18 months construction
- First product due early 2019
Altech growth performance
- 600% growth market cap growth
- Ave trade value $2k/day to $205 k/day
- 640 shareholders to 1,660 shareholders
To view the presentation, please visit:
http://abnnewswire.net/lnk/GCC6MVU7
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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