The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
My point exactly, I have made the baord aware that this isnt acceptable and comms needs to improve.
I would expect they will now release an RNS
https://amtepower.com/british-innovators-fully-charged-for-move-to-sodium-ion-batteries/
The first order for a ground-breaking new battery type has been placed between two British companies.
Midlands-based renewable energy and battery specialist AceOn has placed an initial order for 1,000 next-generation sodium-ion cells with battery pioneer AMTE Power.
The companies have teamed up to deliver one of the world’s first solar-powered energy storage units to bring electricity to remote sub-Saharan African communities.
The innovative AceOnPES (portable energy storage) power unit will run on sodium-ion battery cells produced by AMTE Power.
The AceOnPES can bring clean, affordable and sustainable power to some of the poorest and most remote regions in the future. It can be used for primary or backup power generation and is ideal for areas where the electricity infrastructure is not reliable, or it is insufficient to meet local needs, such as parts of Africa, India and Australia.
Last year AMTE Power announced that it had entered into a partnership with Sheffield-based Faradion to develop its Ultra Safe product, which uses Faradion’s patented sodium-ion technology.
The wide availability of sodium compared to the metals required in more conventional lithium-ion cells creates the opportunity for wider and cheaper battery manufacture – helping to meet demand for greater production rates required for energy storage systems that will support a transition to renewable power.
Ultra Safe is under development at AMTE Power’s existing facility at Thurso, Scotland, while AMTE Power simultaneously progresses plans for its new UK Gigafactory.
Mark Thompson, managing director of Telford-based AceOn, says the new battery chemistry can make global electrification more sustainable.
The battery industry is reliant on rare earth minerals like lithium and cobalt, which are finite in supply. Sodium is abundant and greener to extract, so we are working together with AMTE to be their first customer to successfully commercialise sodium-ion.
We’ve been championing sodium-based technology for years as a sustainable alternative to lithium-ion, and thanks to our partnership with AMTE, we can finally use it in our products starting with the AceOnPES and later making it part of our standard battery ranges for OEMs. These batteries are the future.
New battery technologies are the focus of the Faraday Battery Challenge, where Mark Thompson sits on the advisory board.
Kevin Brundish, CEO at AMTE Power, said:
Our work with AceOn represents a further step in our commercialisation of differentiated cells that will power the energy transition. Sodium-ion has huge potential for application in energy storage where there is a need to dramatically scale-up production of safe, stable battery technology alongside the growth of renewables.
The UK has long been a pioneer in new battery technology and partnerships like ours underpin the opportunity fo
I wouldnt be suprised to see a TR1 very soon ;-)
A big chunk of the Monecor placing shares (both placings) were my shares and I havent sold a single one, no plans to sell until the SP is much higher, this is a real covid recovery stock and needs at least another 12 months until the real value starts to come through
I have followed him and also added another £100k in the last week, I am overweight here in my portfolio but feeling safe and confident here
I was a very large shareholder in PCGE and met Poulden a number of times, I won’t go into why but he is not someone who you should trust with one penny of your money, I ended up with shares in VLRM as a legacy from PCGE then upper Thames and sold quickly as I know what he is really like
no £5m was raised but only £700k can be done under the existing shares available
CP has got some serious skin in the game, hopefully everyone can now see how much he believes in this and how committed he is. Not too many other CEO's of listed companies would take such a position (yes I know technically we aren't listed but we will be very soon).
We agreed this package to seriously incentivise CP and reward success, not failure
these shares were sold via RB to investors unknown to CP or Tally, alongside other parties who were selling, including CP's family trust
this isnt true, the trust sold the same percentage of their shares that Tally did
It will almost certainly be the Standard list , had they increased the minimum market cap to some of the rumoured amounts, this wouldn’t have been possible, now it should be achievable
I have made my views to the board very clear, we must list early next year no matter what, I am sure that we will
Just held a board meeting, obviously I cant share everything that's going on but I do remain confident that we will list early next year and my reputation will remain in tact.
I know CP very well, plus we have some great guys on the board here, this will come good but I do share everyone's frustration's and understand the concerns. I wouldn't have associated myself with this business if I didn't trust CP or believe in the company / product.
Sorry I cant share more with you but trust me I constantly put pressure on CP to make sure we list asap and that the business is being run properly, staff remunerated fairly etc
Anyone looking to abuse me on here, don't expect a bite or a reply, sorry
Kind Regards
Mike