Altech Batteries Ltd Stock Market Press Releases and Company Profile
Dual Lists on Frankfurt Stock Exchange
Dual Lists on Frankfurt Stock Exchange

Perth, April 4, 2017 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (googlechartASX:ATC) is pleased to announce the dual listing of the Company's shares on the Frankfurt Stock Exchange. The Company's shares trade under the symbol "A3Y" on the exchange.

Highlights

- Dual listing of Altech shares on Frankfurt Stock Exchange

- Altech shares trade under the symbol "A3Y"

- Broadens Altech's European investor appeal, particularly in Germany

- Overcomes time zone issues for European retail investors

The Frankfurt Stock Exchange dual listing supports Altech's strategy to broaden its European investor base, particularly in Germany where there is growing interest in the Company's high purity alumina (HPA) project. The Company's application for German export credit agency project finance cover, the high level of German and other European equipment for its proposed HPA plant and the appointment of a German engineering, procurement and construction (EPC) contractor for the project has heightened Altech's investment appeal for German and other European investors. Also, the Frankfurt Stock Exchange listing overcomes time difference and account issues for European retail investors.

As Altech's shares were already quoted on the Australian Securities Exchange (ASX), a Frankfurt Stock Exchange approved "like" exchange, the dual listing was possible without primary listing procedures such as the filing of a prospectus, consequently the listing was conducted at minimal cost.

The Frankfurt Stock Exchange is the world's third largest exchange-trading market as measured by trading volume, behind the New York Stock Exchange and NASDAQ. More than 50 percent of the total trades on the Frankfurt Stock Exchange are from investors located in countries outside of Germany.


About Altech Batteries Ltd

Altech Chemical Ltd ASX:ATCAltech 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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Contact

Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com



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