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Altech Batteries Limited (ASX:ATC)

ALERT: Price-sensitive ASX Announcement for ATC
Current share price for ATC : $0.010 -0.025 (-71.43%)+
Announcement
Release
6 Nov 2025 8:14AM
Price at Release
$0.035
Full Release
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Summary
Altech Batteries Limited has announced exceptional long-term performance results for its partner AMPower's Sodium-Nickel-Chloride (SNC) batteries. Service data from South Africa over more than 15 years indicates an exceptionally low failure rate of 0.6-1.5%, significantly outperforming traditional lithium-ion, lead-acid, and nickel-cadmium batteries. SNC batteries are noted for their long service life of 15–20 years, minimal maintenance requirements, and suitability for harsh environments. Their technological design includes individually redundant cells and solid-state ceramic construction, which enhances safety and reliability. These features make SNC batteries a cost-effective and reliable solution for critical industrial applications and challenging environments.
Key Points
  • Sodium-Nickel-Chloride (SNC) batteries have a low failure rate of 0.6-1.5%.
  • The batteries have been in use for over 15 years in South Africa.
  • SNC batteries outperform lithium-ion, lead-acid, and nickel-cadmium batteries in reliability.
  • Service life of SNC batteries exceeds 15–20 years with minimal maintenance.
  • SNC batteries are suitable for extreme climates and remote conditions.
  • The batteries operate without needing active cooling or ventilation.
  • Each cell in an SNC battery is technologically redundant, enhancing reliability.
  • SNC technology is central to Altech Batteries’ European expansion strategy.
  • AMPower manufactures sodium nickel chloride batteries for Altech under a collaboration agreement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.