Altech Chemicals Ltd HPA Test Work Program with Fraunhofer Institute

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to provide an update on its recently announced European based initiatives, including high purity alumina (HPA) research activities by the internationally renowned Fraunhofer-Gesellschaft research organisation (refer ASX Announcement 27 February 2020).

Altech recently commissioned the Fraunhofer Institute for Ceramic Technologies and Systems (IKTS) of Dresden, Germany to undertake various HPA battery product applications test work. The institute specialises in lithium-ion battery research, but more specifically battery separator technology. Altech's commissioned work is focussed on assessing the contamination that impurities from lower quality alumina (sub-4N) have on battery electrolyte, a cause for lithium-ion battery thermal runaway, efficiency and life cycle reduction.

As an independent German based institute, the results of the HPA test work by IKTS will be highly regarded by German and other European industry value chain participants in the lithium-ion battery and electric mobility sectors. The Fraunhofer-Gesellschaft is the largest organisation for applied research in Europe and conducts research under contract for industry. A total of 72 institutes and research facilities work together under the umbrella of the Fraunhofer-Gesellschaft, which has an annual operating budget of ~EUR2.6 billion.

Results from the commissioned works which have been recently completed, and a detailed report, are expected shorty.

About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.

Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.

Source:

Altech Chemicals Ltd

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Iggy Tan
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Altech Chemicals Limited
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Kai Hoffmann
Soar Financial Partners
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