Re Directorate

RNS Number : 5744E

AMTE Power PLC

31 October 2022

 

31 October 2022

AMTE Power Plc

("AMTE Power" or the "Company")

Re Directorate

Following the announcement on Tuesday 6 September regarding the appointment of Alan Hollis to the Board of AMTE Power, the Company is pleased to confirm that in line with that announcement, Alan today assumes the role and full responsibilities of Chief Executive Officer.

Alan Hollis has a 20 year public company track record of developing and executing profitable growth strategies within engineering and manufacturing businesses with turnovers ranging from £4m-£200m.

As previously announced, Kevin Brundish today becomes Strategy Director and remains a member of the Board. His focus will be to continue developing AMTE Power's high performance battery cells in addition to the Company's customer, supplier and Government relationships.

ENDS

Enquiries:

AMTE Power plc
David Morgan (Chairman)	[phone]
WH Ireland Limited (NOMAD and Joint Broker)
Chris Fielding / James Bavister / Ben Good (Corporate Finance)	[phone]
Panmure Gordon (UK) Limited (Joint Broker)
John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance)	[phone]
Hugh Rich (Corporate Broking)
Camarco
Ginny Pulbrook / Rosie Driscoll	[phone]

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 was admitted to trading 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. AMTE Power's proposed state-of-the-art MegaFactory in Dundee, Scotland is expected to be operational and in production by Q3 2025 and be capable of producing over 25,000 high added value batteries per day enabling the Company to rapidly scale up cell production.

For further information visit the Company's website: www.amtepower.com

 

END

 

 

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