RCS - Mpac Group PLC - First FREYR Battery Unit Cell Production Trial

MPACAnnouncement

22/05/2024 12:45

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RNS Number : 4982P  Mpac Group PLC  22 May 2024

22 May 2024

 

Mpac Group plc

("Mpac")

 

First FREYR Battery Unit Cell Production Trial

 

Mpac Group plc (AIM: MPAC) and FREYR Battery ("FREYR") are pleased to announce
that the first production trial of 24M Technologies SemiSolid(TM) unit cells
has been completed at FREYR's Customer Qualification Plant ("CQP") in Mo I
Rana, Norway.

 

In the next phase, the CQP will move to continuous production, manufacture
sample cells, and increase production speeds.

 

The casting and unit cell assembly equipment, provided by Mpac, automates the
manufacturing of cathode and anode electrodes and the production of pouch
cells.

 

Adam Holland, Chief Executive Officer at Mpac Group plc said:

 

"Progress at the CQP continues to demonstrate Mpac's ability to support
innovative Clean Energy technologies.  I would like to thank the hard-working
team, and our partners at Siemens and Festo for their support.  There remains
much work ahead to deliver our vision for a sustainable future, and this is
just one step in the journey."

 

Birger Steen, Chief Executive Officed at FREYR, stated:

 

"I am proud to report this latest achievement at the CQP.  We have
demonstrated FREYR's technical and operational qualifications as an emerging
industrialization partner of choice in the battery industry.  The next step
on our road map is to replicate what we have just done in an uninterrupted
process, which will mark FREYR's initial cell production with the full
automation of the CQP."

 

Mark Dudziak, Senior Director, Advanced Manufacturing at 24M Technologies,
said,

 

"This is an important step toward demonstrating the production of SemiSolid
technology at GWh-scale."

 

Brian Holliday, Managing Director at Siemens Digital Industries said,

 

"This has been an amazing team effort between Freyr, Mpac, Festo and Siemens
working together at the leading edge to highly automate battery production."

 

For further information, please contact:

 

 Mpac Group plc                                  Tel: +44(0)24 7642 1100

 Adam Holland, Chief Executive

 Will Wilkins, Group Finance Director
 Shore Capital (Nominated Adviser & Broker)      Tel: +44(0)20 7408 4050

 Advisory

 Patrick Castle

 Broking

 Henry Willcocks

 Liberum (Joint Broker)                          Tel: +44 (0) 20 3100 2000

 Edward Mansfield

 Will King

 Anake Singh

 Hudson Sandler                                  Tel: +44 (0) 20 7796 4133

 Nick Lyon

 Nick Moore

 

 

 

About Mpac Group plc

 

Mpac designs, builds and supports the machines that assemble and package the
products that millions of people around the world depend on.  Headquartered
in the UK and have strategically located manufacturing and service locations
to provide customers with local support and a global reach.  Mpac is listed
on AIM, a market of the London Stock Exchange, under the trading symbol
'MPAC'.

 

About FREYR Battery

 

FREYR Battery aims to provide industrial scale clean battery solutions to
reduce global emissions. Listed on the New York Stock Exchange, FREYR's
mission is to produce green battery cells to accelerate the decarbonization of
energy and transportation systems globally. To learn more about FREYR, please
visit www.freyrbattery.com.

 

 

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