Altech Batteries Ltd Stock Market Press Releases and Company Profile
Altech - Experienced German Executive Appointed to AAM Board
Altech - Experienced German Executive Appointed to AAM Board

Perth, Nov 12, 2019 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (googlechartASX:ATC) (googlechartA3Y:FRA) is pleased to announce the appointment of experienced German executive Mr. Werner Klatten to the supervisory board of Altech Advanced Materials AG (AAM) (googlechartAMA1:FRA).

- Mr Werner Klatten appointed to the supervisory board of AAM AG

- Highly experienced German industry executive

- Formerly CEO of SAT.1 GmbH, SpiegelNet AG and EMTV AG

Mr. Klatten, a lawyer by profession, has held a number of significant positions in the German media industry including chairman of the management board and chief executive officer (CEO) of Sat.1 GmbH, and CEO of EMTV AG (now Constantin Medien AG). Most recently, Mr Klatten held the position as CEO of Deutsche Sporthilfe, where he moved to the supervisory board in March 2010 as chairman. Mr Klatten is also chairman of the advisory board of teNeues Verlag GmbH Co.KG, chairman of the real estate company Puma Brandenburg Ltd. and chairman of the advisory board of Tamara Comolli Fine Jewellery GmbH.

Mr Klatten said that he is pleased to be invited to join the supervisory board of AAM. Commenting on Altech's high purity alumina (HPA) project and its European strategy, Mr. Klatten said, "Europe would seem to be a natural fit for Altech's HPA production technology given the impending unprecedented scale of capital investment that European auto-makers and their suppliers have in the pipeline to underpin the transition from traditional internal combustion engines to electric vehicles - HPA is an often understated but key part of this transition. Minimising supply chain risks for electric vehicle and associated battery component production has been identified as important, incentives to assist with the regional integration of the supply chain and production processes are being prioritised. I am very pleased to be part of Altech's European HPA strategy - and the opportunity to be involved at the very start of this exciting journey is most satisfying," he said.


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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