The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Mind boggling that they haven't put this out through official channels...
https://dailybusinessgroup.co.uk/2021/07/amte-power-in-jv-battery-plan-with-aussie-firm/
AMTE Power, the Scotland-based lithium battery company, and InfraNomics, an infrastructure developer in Australia, have agreed a joint venture to build a new battery plant.
The two companies have signed a heads of terms agreement that follows a previous MOU announcement signed on 15 September last year.
The joint venture, which will be based in Western Australia, will see the companies form a business with shared ownership, Bardan Cells Pty.
In a joint statement, the companies announced their intention to develop the manufacturing, sales and distribution business using Thurso-based AMTE’s licensed technology and manufacturing expertise to build cells for use in power storage systems.
The business will operate from “Lithium Valley” Kwinana Industrial zone, an area dedicated to the development of Lithium related products. Lithium Valley will also provide access to raw materials, local technical expertise.
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The Australian Government wants to develop its sovereign supply chains, and the use of this extensive industrial ecosystem supports its regional strategic plans.
Bardan intends to offer customers robust, safe, premium performance products, developed using net zero carbon manufacturing techniques, for use in long term power storage solutions.
Dave Pell, CCO at AMTE Power said, “The creation of Bardan Cells Pty Ltd is hugely exciting. We’re thrilled with this development that will further allow us to develop sustainable cells, not only in for the UK but also in in a mineral rich country like Australia.
“Most importantly, though, we’re excited to become an important part of Western Australia’s future, as it moves focus towards renewable energy.”
Mr Pell added: “After the success of our recent IPO, on the AIM – in which we raised nearly twice the amount that we’d hope, we’re determined to build on this momentum and accelerate further.
“We’re committed to using only the best materials and that’s why we’re targeting the “Lithium Valley” for this project.”
Power storage is at the heart of the global transformation of energy and Bardan plans to deliver sustainable and traceable products based on materials sourced from its its sovereign local supply chains, to these markets.
Current plans are to build an initial manufacturing microcline plant leading to a planned gigafactory to capture a portion of the growing market for niche power storage applications. Off-take agreements are in the process of being finalised to support the factory build out.
Cameron Edwards, director and founder at InfraNomics, commented: “The relationship with AMTE provides Bardan and its customers the advanced technological expertise required to make world class products suitable for extreme environments.
AMTE have no official partnership/relationship with Britishvolt. There was talk of a joint collab on a GigaFactory a long time ago but Britishvolt are going on their own now on that front and AMTE are expected to announce something in 2022 to the same end but it is unlikely to involve Britishvolt. I am not expecting any joint working between the 2 companies to be announced at any point.
Lack of news here is a joke tbh. Expected much more in Q2 from their IPO presentation which now looks a bit misleading. They need to front up and show us what they have been doing. CFO leaving not a good look also but I can totally understand why anyone would not want to work in Thurso. It's a little isolated you could say. Gigafactory news would be a game changer here as would any car manufacturer deals which they'd previously alluded to. They must be doing 'something' with the IPO money raised right?..........
I am astounded this hasn't moved higher this week based on the last RNS and these resulting trades. Big numbers being bought now. Someone has taken at least £200k's worth this week alone.
The answer you're looking for is "no".
if you need 2.6p to break even you have to ask yourself why you haven't yet chosen to average down. My estimate would be that we will be at 2.6p within the next 12 months but why wait so long just to break even when you could average down and actually make some profit?..... Each to their own I guess.
This news was released on Wednesday on the same day the IPO was supposed to happen: https://www.faradion.co.uk/faradion-the-world-leader-in-sodium-ion-battery-technology-announces-a-collaboration-and-licensing-deal-with-amte-power
u are aware the market closes at 4:30 right?
https://www.bbc.co.uk/news/business-56072019
Timing could not be better imo. Watch this space.
Vaxart are not the only ones with an oral Covid vaccine. There are others too. N4P's oral vaccine delivery system is unique because it has Nuvec in it, not because it is oral. Others such as iOSBio already have patents: https://iosbio.com/iosbio-signs-exclusive-worldwide-licensing-agreement-granting-immunitybio-rights-to-orapro-oral-vaccine-platform-technology-for-covid-19/
Institutions don't suddenly all sell when the Mcap goes below £1Bn ffs.... :) LOL
£8M buys v £2M sells tells you most of what you need to know.
that wasn't the vaccine. The news piece was to do with a Public Health England study on healthworkers who had contracted the virus and to see if they could get it again or if they would be immune. A very small number got reinfected during a 5 month period (this study is ongoing) so they know the majority are immune for at least 5 months but the study is continuing so they won't know exactly how long someone stays immune for for a good while yet. Here is a link to the article: https://www.bbc.co.uk/news/health-52446965
what is the real Mcap of this now?
Thanks grappa
Hello all,
I am new to this co and trying to research as to how much money they have in the bank currently? Was this under a different name prior to re-admission in December?
Thanks.
I am loving all the negativity on this board. ALWAYS a very good sign :))))))
what on earth has THR got to do with Brexit you absolute weapon
They definitely do not have £1.2M in the bank. They were always going to be placing around Dec/Jan. Shouldn't be new news to anyone if you've done your research and watched past interviews. Nothing sinister or unexpected about it.
Congratulations Jon! Great to hear good stories like this :-)