AMTE.L Regulatory News (AMTE)

RNS REACH

10 March 2022

AMTE POWER PLC

("AMTE Power" or the "Company")

AMTE Power's sodium-ion cells selected by AceOn for world's first solar-powered energy storage units

AMTE Power Plc ("AMTE Power" or the "Company"), the developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist market, announces that AceOn, the Midlands-based renewable energy and battery specialist, has placed an initial order for 1,000 of AMTE Power's next generation sodium-ion cells.

AMTE Power and AceOn will together be delivering one of the world's first solar-powered energy storage units to bring electricity to remote sub-Saharan African communities.

The innovative portable energy storage power unit, AceOnPES, will run on sodium-ion battery cells produced by AMTE Power to help 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 back up 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 announced that it had entered into 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.

AMTE Power is developing Ultra Safe at the Company's existing facility in Thurso, Scotland, while simultaneously progressing plans for its new UK Gigafactory.

Kevin Brundish, CEO at AMTE Power, commented:

"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 for the UK to be the driving force in the development of sodium-ion."

Mark Thompson, managing director of Telford-based AceOn, commented:

"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."

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Notes to editors

AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets. In March 2021, the Company listed on the AIM market of the London Stock Exchange. The Company is focused on launching a series of next generation battery cells based on new chemistries and cell structures that are designed to solve key problems in power delivery, energy performance, and safety. These new products are targeted at a range of specialist markets including the electric vehicle industry and energy storage sector. AMTE Power's purpose-built cell manufacturing facility in Thurso, Scotland has the second largest cell manufacturing capacity in the UK and the Company also has a product development team based in Oxford.

For further information visit: https://amtepower.com/