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Altech Chemicals Limited ( (AU:ATC) ) has shared an update.
Altech Batteries Limited has announced impressive performance results for its partner AMPower’s sodium-nickel-chloride (SNC) batteries, highlighting their exceptionally low failure rate of 0.6-1.5% compared to the industry averages for lithium-ion, lead-acid, and nickel-cadmium batteries. The SNC batteries have demonstrated remarkable reliability and durability over more than 15 years in South Africa’s challenging environments, offering significant advantages in terms of longevity, maintenance, and cost-effectiveness. This positions SNC technology as a leading solution for critical industrial applications, particularly in harsh and remote conditions, underscoring its potential for broader adoption in European infrastructure projects.
More about Altech Chemicals Limited
Altech Batteries Limited is a company involved in the battery industry, focusing on the development and deployment of advanced battery technologies. The company is particularly invested in sodium-nickel-chloride (SNC) batteries, which are used in telecommunications, uninterruptible power supplies (UPS), and industrial sectors, with a strategic focus on expanding into European pipeline and hydrogen control infrastructure markets.
Average Trading Volume: 4,902,746
Technical Sentiment Signal: Sell
Current Market Cap: A$98.73M
For an in-depth examination of ATC stock, go to TipRanks’ Overview page.