AMTE Amte Power Plc

TIDMAMTE

AMTE Power PLC

09 November 2021

9 November 2021

AMTE POWER PLC

COP26: Senior Level Engagement with Governments and Industry Around Electric Vehicle Adoption and New Grant Award from Scottish Enterprise

AMTE Power plc ("AMTE " or the "Company"), a developer and manufacturer of lithium-ion and sodium-ion battery cells for specialist markets, has been actively engaged in discussions at a senior level with government bodies and global corporations throughout COP26.

With one quarter of the worlds global emissions coming from transport, it is not surprising that transport is a major theme across COP26. The AMTE senior team have been participating on multiple panels and roundtables with a particular focus on Electric Vehicle adoption and Energy Storage, including:

-- 'Scottish Drive for Innovation' focus on Scotland's move towards a green economy (1 November )

-- 'Scaling EVs: An open conversation about the key challenges' a roundtable event, sponsored by Octopus Energy and attracting industry leaders from the automotive industry (8 November)

-- 'The Storage and Transportation of Energy' an MSIP Demonstrator and Showcase event (11 November)

AMTE is also pleased to announce that Scottish Enterprise, a non-departmental public body of the Scottish Government which encourages economic development, enterprise, innovation and investment in business, has awarded a small grant to AMTE as part of its ScotHeavy Project, aimed at achieving Zero Emissions from Heavy Duty Vehicles ("HDV") such as buses, lorries and construction vehicles.

As a Scottish based manufacturer of battery cells, AMTE naturally has close links across the Scottish Government and has been working closely with Scottish Enterprise for some time. The ScotHeavy project will involve AMTE designing a specific battery module for the Ultra Energy cell.

Kevin Brundish, Chief Executive Officer of AMTE Power, said:

"The Electric Vehicle market has not surprisingly been a significant focus throughout COP26. The Scottish Government have been at the forefront of this debate and we are delighted to be participating in the Zero Emission Heavy Duty Vehicles Project. At their invitation we have been involved in a number of their events in Glasgow and we look forward to progressing the discussions we have had."

For further information contact:

 
AMTE Power plc                               Tel: +44 (0)1847 867 200 
 Kevin Brundish (Chief Executive Officer) 
 James Hobson (Chief Financial Officer) 
WH Ireland Limited (NOMAD and Joint Broker)  Tel: +44 (0)207 220 1666 
 Chris Fielding / B en Good 
SI Capital Limited (Joint Broker)            Tel: +44 (0)1483 413 500 
 Nick Emerson / Nick Briers 
Novella Communications                       Tel: +44 (0)203 151 7008 
 Tim Robertson / Fergus Young 
 

ABOUT AMTE POWER PLC

AMTE Power was founded in 2013 and is a leading developer and manufacturer of lithium-ion battery cells for specialist markets. In March 2021, the Company listed on the AIM market of the London Stock Exchange, making the Company the only listed UK battery manufacturer. 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 automotive industry, oil and gas market and energy storage sector. AMTE'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. For further information visit the Company's website: www.amtepower.com

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