Altech Batteries Limited

Release Highlights:
• Financing plan and target structure in place
• Funding investment teaser documents and data room established
• Reach out to 10 commercial banks and 2 venture debt funds – all positive interests
• Shortlisting potential lead bank
• Equity Funding – potential sale of minority interest of the project to realize capital and strategic
value
• Discussions and draft term sheets shared with investors
• Offtake agreement LOI signed with ZISP

Report Highlights:

• Altech Batteries has completed its CERENERGY® 60kWh prototype, which is now fully operational and undergoing rigorous daily testing at the Dresden test station in Germany. The prototype has surpassed early performance expectations, demonstrated excellent efficiency and robust performance, while maintained safe, stable operating temperatures. The ongoing testing is providing critical performance data for off-take parties and indicates strong potential for large-scale commercial production in line with the specifications that have been published.
• Altech secured its first Offtake Letter of Intent for CERENERGY®, with the Schwarze Pumpe Industrial Park Association committing to an annual purchase of 30MW/h of 1MWh CERENERGY® GridPacks for the first five years of production. These GridPacks will be used in transitioning the industrial park from coal-based power to renewable energy sources. The advanced CERENERGY® GridPack storage solution will be integrated, with deliveries expected to start by mid-2027 or when the industrial plant is ready to begin operations.
• Altech launched an $8.5 million pro-rata Entitlement Offer to existing eligible shareholders, partially underwritten by major shareholder MAA Group Berhad for $5 million, along with an additional $405,000 raised from sophisticated and professional investors. Shareholders who participated in the Offer received free attaching options, with 1 option granted for every 2 new shares, exercisable at $0.06 on or before 31 December 2025. The raised funds will be directed toward advancing the CERENERGY® and Silumina Anodes™ Projects.

Release Highlights:

• Altech Batteries has achieved a 55% increase in energy capacity for lithium-ion batteries by blending alumina-coated silicon particles with graphite, reaching an average retention capacity of 500 mAh/g, compared to 320 mAh/g for traditional anodes.
• The breakthrough resolves previous challenges with silicon particle dispersion and battery degradation, improving stability and cycling performance while addressing silicon’s swelling and first-cycle-capacity-loss issues.
• Altech’s proprietary technology has the potential to revolutionize the lithium-ion battery industry by overcoming the silicon barrier, which could significantly enhance energy density and reduce costs.

Report Highlights:

• Altech Batteries Ltd. (ASX: ATC) is fully committed to integrating ESG principles all throughout its business operations. Altech reports 21 core sustainability metrics on the Socialsuite platform quarterly to ensure ongoing transparency, accountability, and alignment with UN’s Sustainable Development Goals and Global Standards.
• Altech aims to transform the energy storage industry with its CERENERGY® solid-state sodium chloride batteries, offering a revolutionary alternative to lithium-ion batteries. This technology supports the shift to renewable energy by avoiding reliance on critical materials like lithium, cobalt, and copper.
• Altech’s Board oversees the company’s strategic direction and corporate governance. With a diverse range of skills and experience, the Board is committed to strong ESG leadership, supported by dedicated audit and remuneration committees.

Report Highlights:

• Altech Batteries Ltd. (ASX: ATC) has made significant strides this year with its CERENERGY® Sodium Chloride Solid State (SCSS) Battery Project. The 120 MWh battery plant, outlined in its March 2024 Definitive Feasibility Study, shows excellent economics. With the first 60 kWh (ABS60) battery pack prototype in production and undergoing testing, Altech is now focusing on securing offtake agreements and financing for large-scale grid storage solutions.
• Altech’s 1 MWh GridPack (ABS1000) battery system is designed for industrial-scale applications, providing uninterrupted power for grid operations and contributing to energy stability. The system, free from lithium, cobalt, and copper, operates at a nominal voltage of 600V and targets the growing renewable energy storage market with minimal maintenance and no noise, making it ideal for residential and noise-sensitive environments.
• The Silumina Anodes™ project in Germany continues to progress, with a completed pilot plant set to produce 120 kg/day for customer testing. Altech’s pilot plant is poised to support full-scale production following the promising EUR 684M NPV outlined in the project’s December 2023 feasibility study.

Release Highlights:

• CERENERGY® 60 kWh Prototype Online: Altech’s CERENERGY® ABS60 battery prototype is operational and surpassing expectations, showing exceptional efficiency, thermal stability, and real-world performance.
• Extensive Testing Validates Reliability: The prototype demonstrates a 15-year lifespan, 91% efficiency, and stable high-temperature performance, proving its potential as a safe, lithium-free alternative for energy storage.
• Paving the Way for Production: Successful testing supports Altech’s plans for a 120MWh production facility, with substantial interest from potential off-take parties already emerging.