Presentation at the 3rd International Sapphire Expo in Shenzhen China
Perth, June 23, 2016 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) (Altech/the Company) is pleased to provide a copy of the presentation that will be delivered by Company General Manager Operations, Mr Jingyaun Liu at the 3rd International Sapphire Industry Technology Exhibition (Sapphire Expo) in Shenzhen, China on Thursday, 23 June 2016.
The Sapphire Expo is an annual trade show that is held over three days (22 - 24 June 2016) and attracts hundreds of sapphire industry participants from the around the world. Participants include sapphire glass and wafer manufacturers, sapphire substrate producers, high purity alumina suppliers, and importantly representatives from the LED lighting and lithium-ion battery manufacturing sectors.
Altech's attendance and presentation at the expo is an opportunity for it to both showcase the advanced state of its Malaysian high purity alumina (HPA) project and to commence building international brand awareness for its proposed finished product HPA.
As previously announced, Altech has executed a 10-year off-take sales arrangement with Mitsubishi Corporation's (TYO:8058) Australian subsidiary, Mitsubishi Australia Ltd (Mitsubishi) for 100% of HPA production from its proposed Malaysian HPA plant. The current forecast demand growth profile for HPA indicates that near term future demand is well in excess of current and known planned supply capacity increases; the expo should provide the Company with useful information on industry participant perception of this dynamic and possible sector specific supply challenges.
To view the presentation, please visit:
http://abnnewswire.net/lnk/16XS7P39
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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