TIDMAMTE

RNS Number : 9826H

AMTE Power PLC

02 August 2023

2(nd) August 2023

AMTE Power Plc

("AMTE Power" or the "Company")

Changes to Board Structure

AMTE Power plc, a leading UK developer and manufacturer of battery cells for specialist markets, announces that Kevin Brundish, Executive Director, will be transitioning to the role of Non-Executive Director of AMTE Power with immediate effect. In his new role Kevin will continue to provide the Board with advice and guidance, based on his many years of experience.

Commenting on this, David Morgan (Chairman of AMTE Power) stated: "I would like to add my personal thanks to Kevin for all his hard work and dedication in developing the business and for providing the platform upon which we can all build. I wish him well in all future executive endeavours but am grateful that he will still be playing a part in our future success".

Enquiries

 
 AMTE Power plc                                 +44 (0)1847 867 200 
 Alan Hollis (Chief Executive Officer) 
  Anita Breslin (Chief Financial Officer) 
 
 WH Ireland (NOMAD and Joint Broker)            +44 (0)207 220 1666 
 Chris Fielding / James Bavister (Corporate 
  Finance) 
 Fraser Marshall (Corporate Broking) 
 
 Panmure Gordon (UK) Limited (Joint 
  Broker)                                       +44 (0)207 886 2500 
 John Prior / James Sinclair-Ford (Corporate 
  Finance) 
 Hugh Rich (Corporate Broking) 
 
                                                +44 (0)203 757 4992 
 Camarco (Financial PR)                          / 4981 
 Ginny Pulbrook / Rosie Driscoll

About AMTE Power

AMTE Power was founded in 2013 and is a leading UK 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's proposed gigafactory in Dundee, Scotland is expected to be capable of producing over 8 million battery cells per annum enabling the Company to rapidly scale up cell production.

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

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August 02, 2023 02:00 ET (06:00 GMT)

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