EQS-Adhoc: Altech concludes strategic heads of agreement framework agreement with AXSOL for the exclusive supply of CERENERGY GridPacks for the defence sector

• Heads of agreement with AXSOL GmbH for the supply and exclusive distribution of CERENERGY ceramic solid-state batteries for the Western defence sector and NATO partners
• First delivery planned for Q1 2027 for 10MWh year 1, 20MWh year 2 and 30MWh for the following 3 years
• Option to increase purchase to up to 120MWh per year depending on availability.
• Cooperation for integrated battery management systems (BMS) and energy management systems (EMS)

Altech Advanced Materials AG (ISIN: DE000A31C3Y4): Altech Batteries GmbH has signed a Heads of Agreement ("HOA") with AXSOL GmbH ("the Partner") for the intended supply of CERENERGY GridPacks with a total capacity volume of at least 120 MWh in the period from 2027 to 2031. The Partner intends to use the CERENERGY energy storage systems in the defence and security sector. The agreement grants AXSOL the exclusive implementation, use and distribution of CERENERGY batteries for the defence sector of NATO and Western countries. To date, AXSOL has focussed on lithium-ion battery systems and hydrogen systems for self-sufficient energy supply in the military sector. With the HOA, AXSOL intends to expand its range to include ceramic solid-state batteries.

As a supplier certified in the defense sector, Axsol is the preferred partner for timely qualification to enable early sales of the extremely robust, durable and non-flammable Altech CERENERGY batteries in the defence sector.

In addition, Altech will collaborate with Axsol and benefit from its know-how and expertise to efficiently manage and integrate different battery technologies with multiple energy supply sources with their energy management system "AXOS". Battery energy storage systems ("BESS") are to consist of several battery technologies for different applications and must therefore be intelligently integrated to ensure efficient and economical use.
Explanatory part
The Altech Group is planning to build a production plant for CERENERGY battery packs with an annual production capacity of 120 MWh in Schwarze Pumpe. This HOA is already the third letter of intent concluded with a renowned partner within a few weeks for the salt-based CERENERGY solid-state battery for stationary industrial operation (see also news from 12 September 2024 and 26 January 2024).

The partner AXSOL from Würzburg develops modular, scalable battery storage platforms for various areas of application - from stationary battery storage systems to mobile battery storage systems for professional use in the defence and security sector. In 2021, AXSOL received an award from Aerospace & Defense Review and is one of the Top 10 Defence Tech Solution Providers in Europe. In 2023, AXSOL was recognised by Energy Tech Review magazine as a Top 10 Battery Storage Solutions Provider in Europe for its Energy Container Solutions.

Uwe Ahrens, Management Board Member of Altech Advanced Materials AG:
"We are delighted to have gained such a competent partner in Axsol, enabling Altech to enter the highly attractive defence industry market segment with our CERENERGY GridPack battery energy storage system. Axsol's strong interest in our technology emphasises the unique advantages of Altech's CERENERGY solid-state sodium chloride battery technology and its exceptional USPs. In addition, NATO forces have set themselves the goal of becoming carbon neutral by 2050, and we are pleased to play a part in this endeavour."
CERENERGY battery project
Altech Batteries GmbH (ABG) is a joint venture with the world-leading German battery institute Fraunhofer IKTS to commercialise the revolutionary CERENERGY sodium-aluminium oxide solid-state battery (SAS). CERENERGY batteries are the ground-breaking alternative to lithium-ion batteries. CERENERGY batteries are fire and explosion-proof and have a service life of more than 15 years. The battery technology uses common salt and is free of lithium, cobalt, graphite and copper, eliminating dependence on critical metal price increases and supply chain issues.

The joint venture markets its CERENERGY battery and plans to build a 120 MWh production plant on the Altech site in Saxony. The plant will produce CERENERGY battery modules for the grid storage solutions market.

About Altech Advanced Materials AG
Altech Advanced Materials AG (ISIN: DE000A31C3Y4), based in Frankfurt am Main, is a holding company listed on the regulated market of the Frankfurt Stock Exchange. The company's aim is to participate in the solid-state battery market for stationary battery applications with CERENERGY.

Another focus is on lithium-ion batteries. An innovative anode material based on high-purity aluminium oxide (HPA) - Silumina Anodes - is intended to significantly increase the performance of this battery for electromobility.

Further information: www.altechadvancedmaterials.com

Altech Advanced Materials AG
The Management Board: Iggy Tan, Uwe Ahrens, Hansjörg Plaggemars
Ziegelhäuser Landstraße 3
69120 Heidelberg
info@altechadvancedmaterials.com
Tel: + 49 6221 649 2482
www.altechadvancedmaterials.com

Contact the press:
Ralf Droz / Doron Kaufmann, edicto GmbH
Tel: +49 (0) 69 905505-54
e-mail: AltechAdvancedMaterials@edicto.de