No work additional to Stage 2 is currently planned.
European Initiatives
Various European based initiatives have commenced to support the Company's objective of closing the balance of finance for its Malaysian high purity alumina (HPA) project. A key step includes a capital raise by
Mezzanine Debt Update
Altech continues to work with its preferred mezzanine lender
Controlled Placement Agreement as standby facility
The Company entered into a Controlled Placement Agreement (CPA) with
4N HPA Application in Solid State Lithium Ion Batteries
In February, the Company provided information regarding the possible use of high purity alumina (HPA) in the manufacture of a likely next generation of lithium-ion battery (LiB) - the solid state LiB. The Company has been frequently asked if 4N HPA will be used in future solid state lithium-ion batteries where there will be no ceramic coated separators.
Green Credentials of Altech HPA Process
The Company has increasingly been requested by potential institutional investors and investment banks, especially in
First step taken to access Green Bond Market
During the quarter, the process of connecting the sustainability profile of Altech's high purity alumina (HPA) project in
CICERO is one of the leading providers of second opinions on green bonds, assisting the global green bond market to grow and develop in new sectors and regions.
Experienced German Auto Executive appointed to AAM Supervisory Board
In
COVID-19 Pandemic
In relation to the global COVID-19 pandemic, in addition to supporting the welfare of all of its employees, the Company is only proceeding with discretionary expenditure that will assist to position it to continue to progress its HPA project once financial markets and the global economy stabilise.
HPA Critical to LEDs and Lithium-ion Batteries
HPA is a critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED (light emitting diodes) lights.
LEDs are proving to be the environmentally friendly lighting of the future with potential electricity savings of eighty (80%) percent compared to incandescent lighting. The forecast production of LED units is expected to increase from 0.8 billion units to 4.1 billion units by 2025. With this growth, Altech has estimated a reduction of 77 million tonnes of CO2 per annum, just from new LEDs displacing traditional incandescent lighting.
HPA Test work program with Fraunhofer institute
Altech has commissioned the
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.
During the quarter,
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About
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.
Contact:
Corporate
Managing Director
Tel: +61-8-6168-1555
Email: info@altechchemicals.com
Company Secretary
Tel: +61-8-6168-1555
Email: info@altechchemicals.com
Investor Relations (
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com
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