Altech Batteries - ATC (ASX) News & Expert Insights from Stockhead

Altech Batteries Ltd is commercialising a 120 MWh solid state sodium chloride battery production facility to produce 1MWh GridPacks for the European grid energy market, and is also at the cutting edge of developing battery materials for a Lithium-ion battery future by successfully incorporating silicon in graphite anodes to produce higher energy density batteries.

The first 60 kWh CERENERGY battery prototype has been completed and operating better than expected. This follows the very recent announcement for 30MWh offtake with the Schwarze Pumpe Industrial Park in Germany.

Using common table salt technology, fire and explosion proof, the CERENERGY battery project is pushing forward with plant construction finance and further sales offtake.

KEY PEOPLE

Mr Tan is a highly experienced mining and chemical executive with a number of significant achievements in commercial mining projects such as capital raisings, funding, construction, start-ups and operations. Mr Tan has over 30 years’ chemical and mining experience and been an executive director of a number of ASX-listed companies. He holds a Master of Business Administration from the University of Southern Cross, a Bachelor of Science from the University of Western Australia and is a Graduate of the Australian Institute of Company Directors.

Mr Iggy Tan became the Company’s managing director in August 2014. He is responsible for managing and implementing the next stage of the Company’s strategic business objectives, which includes the commercialisation of the battery materials coating project as well as the high purity alumina (HPA) project. Having been involved in the commissioning and start-up of seven resource projects in Australia and overseas, including high purity technology projects, Mr Tan is an accomplished project builder and developer.

Mr Tan previously held the positions of managing director of Nickelore Limited, Galaxy Resources Limited and Kogi Iron Limited. At Galaxy Mr Tan was responsible for the capital raising, construction and start-up of the company’s Mt Cattlin spodumene mine ($80m) and the Jiangsu lithium carbonate plant ($100m), which resulted in Galaxy becoming the world’s leading producer of high purity lithium carbonate. The Jiangsu plant was eventually sold for $260m in 2014.

Mr Stein is a finance and corporate executive with over 20 years’ of international experience.

Mr Stein has held the positions of Chief Financial Officer and Company Secretary in several ASX listed companies. In these roles, Mr Stein has been responsible for all aspects of capital raising, financial management, shareholder liaison and corporate governance.

Prior to this, Mr Stein held senior positions with Anvil Mining Limited as well as with PwC at its London office. Whilst with PwC, Mr Stein provided corporate services for companies listed on the LSE, NYSE and AIM, including Colgate-Palmolive, Sony, Heinz, DHL Express and Bosch.