Amte Power delivers first 'Ultra Prime' cells to customer

The AIM-traded firm said the cells were delivered in line with the terms of the existing supply and development agreement with the customer, for “characterisation and certification” purposes.

More cells would be shipped as part of the development programme.

The company described the Ultra Prime cell as a non-rechargeable cell, designed for use in extremely harsh environments, with high energy density and high-temperature performance.

It said the cell also has a low self-discharge, making it suited for applications where temperature, high pressure and accessibility were key considerations.

Amte Power manufactured the cells at its purpose-built cell manufacturing facility in Thurso, Scotland.

Going forward, Thurso would continue to scale-up production of the Ultra Prime cells, as well as remaining a centre for cell research and development.

“Amte Power is one of the only manufacturers of battery cells in the UK today and, although this delivery will have minimal impact on this year's financial performance, it is a crucial first step to have delivered Ultra Prime cells into the hands of our customer,” said chief executive officer Alan Hollis.

“We will continue to scale up production of the Ultra Prime cells at Thurso as we meet the customer demand for this product.

“We look forward to providing further updates on our progress at the interim results on 8 March.”

At 1303 GMT, shares in Amte Power were up 6.94% at 57.75p.

Reporting by Josh White for Sharecast.com.