Altech Batteries Ltd Stock Market Press Releases and Company Profile
AAM AG Appoints Experienced Auto Executive to Board
AAM AG Appoints Experienced Auto Executive to Board

Perth, Mar 13, 2020 AEST (ABN Newswire) - Altech Chemicals Limited (googlechartASX:ATC) (googlechartA3Y:FRA) and Altech Advanced Materials AG (AAM) (googlechartAMA1:FRA) are pleased to announce that following shareholder approval, Mr Wilko Stark has been appointed to the supervisory board of Altech Advanced Materials AG.

Mr Stark is a highly experienced automotive executive and has held a number of significant roles in the German automotive industry. Most recently Mr Stark was a member of the divisional board of Mercedes-Benz Cars, Germany, prior to which he was chief executive officer of Daimler's CASE (Connectivity, Autonomous Driving, Shared mobility, Electromobility) activities, and group leader of battery electric vehicles. Mr Stark has also held the postion of vice-president corporate strategy and product planning for Mercedes-Benz Cars, where he was responsible for all vehicle and engine projects.

Before joining Daimler AG, Mr Stark was five years with Volkswagen Group as vice-president product planning and vice-president products for SEAT S.A. (wholly owned by Volkswagen), in Barcelona, Spain. Mr Stark commenced his career with the Boston Consulting Group, where he spent eight years.

Mr Iggy Tan, managing director of Altech and AAM welcomed Mr Stack to the supervisory board of AAM. "We are honoured to have Mr Stark join the team. His recent experience with Daimler's electric vehicle strategy is an ideal fit for AAM and Altech's strategy of positioning the companies to take advantage of the fast growing lithium-ion battery markets in Europe" he said.

For more information about Mr Stark, please visit:
https://abnnewswire.net/lnk/GT90AFA0


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.

https://twitter.com/altechbatteries https://www.facebook.com/AltechChemicals/ https://au.linkedin.com/company/altechbatteries abnnewswire.com 


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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 8) (Last 30 Days: 27) (Since Published: 2664)