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The refreshed Board includes Mr Joe Graziano as Non-Government Chair, Mr Daniel Raihani as Managing Director & Chief Government Officer and Mr Hansjoerg Plaggemars as Non-Government Director. Their rapid mandate is to redirect Altech’s efforts towards partnerships, capital mobilisation, and disciplined challenge execution throughout its two superior expertise platforms: CERENERGY(R) and Silumina Anodes(TM).
Background to Management Change
The change in administration follows a dedication by the Firm’s largest shareholder that the earlier technique was unlikely to attain business outcomes in a suitable timeframe. Particularly, the Board recognized inadequate progress in reaching challenge financing for the CERENERGY(R) Sodium Chloride Stable State (SCSS) Battery Challenge and the Silumina Anodes(TM) Battery Supplies Challenge, regardless of superior feasibility work and robust underlying technical validation as beforehand disclosed within the 2025 Annual Report.
The Board has additionally resolved to reassess the strategic rationale and financial advantage of the Firm’s distribution association for AMPower sodium-nickel-chloride UPS batteries, together with the extent of capital and administration consideration required. Whereas AMPower expertise supplies near-term income optionality, the Board considers a centered capital allocation mannequin important.
Daniel Raihani, CEO and Managing Director said:
“Altech possesses two genuinely world-class applied sciences in CERENERGY(R) and Silumina Anodes(TM), and it’s crucial that we now take the actions required to make sure these belongings attain their full business potential. The fact is that these initiatives demand disciplined execution, sturdy partnerships and a stage of economic and technical resourcing that can not be delivered via incremental steps or half-measures.
“This strategic reset is important. It displays an sincere appraisal of the place the Firm stands at present and what’s required to maneuver ahead with credibility. We should focus our capital, sharpen our priorities, and align Altech with companions able to advancing large-scale industrial expertise.
“I’ll have the Firm centered to quickly discover companions to permit commercialisation of those applied sciences, as I imagine each require bigger companions to achieve success. I’ll talk straight and truthfully the end result of those efforts as quickly as they develop into obtainable.”
Refocused Strategic Priorities
The Board’s rapid focus is on accelerating commercialisation pathways, centred on: 1. Strategic Partnering for CERENERGY(R) and Silumina Anodes(TM)
Each initiatives are technically superior, with:
– A accomplished DFS for the 120 MWh CERENERGY(R) plant in Saxony, Germany;
– Unbiased “Darkish Inexperienced” sustainability classification by S&P International (considerably decrease lifecycle emissions than lithium-ion);
– Robust security validation together with extreme-condition testing;
– A completely constructed Silumina Anodes(TM) pilot plant producing high-purity alumina-coated silicon anode materials; and
– Demonstrated battery efficiency breakthroughs (e.g. 30-55% increased vitality density in comparison with graphite-only anodes).
The Board considers these high-value belongings properly suited to collaborative improvement fashions involving established battery producers, industrial expertise teams, chemical compounds producers or governmentsupported applications. The highest precedence is to safe a number of certified strategic companions who can contribute capital, technical sources and market entry to advance each initiatives into business actuality.
2. Progressing Entry to EUR46.7 million STARK Grant Funding
The Firm’s CERENERGY(R) challenge is recognized as eligible for as much as EUR46.7 million in grant help beneath the German STARK program. Accessing this funding requires affirmation of full challenge financing. The Board will prioritise the workstreams required to unlock this authorities help package deal.
3. Portfolio Rationalisation and Asset Monetisation
The brand new Board has initiated a strategic evaluate of Altech’s non-core belongings and enterprise actions, together with:
– The Meckering kaolin Useful resource;
– The Johor (Malaysia) industrial landholding; and
– All ancillary company buildings and value centres.
The target is to streamline the company footprint, cut back expenditure and realise worth from belongings not important to the commercialisation of CERENERGY(R) and Silumina Anodes(TM).
4. Value Construction Evaluate
A full price evaluate is underway to align the organisation with Altech’s revised strategic path, making certain capital is deployed effectively and operational overheads mirror the Firm’s priorities.
Managing Director Employment Phrases
Underneath his settlement, Mr Raihani will obtain:
– A hard and fast payment of $134,000 each year, primarily based on two working days per week; and
– A price of $2,000 per day for every further day labored over and above the 2 days per week.
– These remuneration phrases mirror the Firm’s transitional part and the rapid strategic priorities.
About Altech Batteries Ltd:
Altech Batteries Restricted (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery expertise firm that has a three way partnership settlement with world main German battery institute Fraunhofer IKTS (“Fraunhofer”) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Stable State (SAS) Battery. CERENERGY(R) batteries are the game-changing various to lithium-ion batteries. CERENERGY(R) batteries are fireplace and explosion-proof; have a life span of greater than 15 years and function in excessive chilly and desert climates. The battery expertise makes use of desk salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating publicity to crucial steel worth rises and provide chain issues.
The three way partnership is commercialising its CERENERGY(R) battery, with plans to assemble a 100MWh manufacturing facility on Altech’s land in Saxony, Germany. The power intends to supply CERENERGY(R) battery modules to offer grid storage options to the market.
Supply:
Altech Batteries Ltd
Contact:
Daniel Raihani
Managing Director
Altech Batteries Restricted
Tel: +61-8-6168-1555
E mail: information@altechgroup.com
Martin Stein
Chief Monetary Officer
Altech Batteries Restricted
Tel: +61-8-6168-1555
E mail: information@altechgroup.com
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