Altech Batteries to Transfer Research, Development Laboratory to Germany to Support Silumina Anodes Pilot Plant, Shares Rise 3%

MT Newswires Live

01/13

Altech Batteries (ASX:ATC) said it will transfer its research and development laboratory from Perth, Western Australia, to Germany to support its Silumina Anodes pilot plant in Saxony, according to a Tuesday Australian bourse filing.

It also appointed Luise Bloi as its new Chief Technology Officer.

The firm signed non-disclosure agreements with automobile companies in Germany and the US to supply commercial samples of the Silumina Anodes material for potential in-house testing.

Its shares advanced 3% in recent trading on Tuesday.

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