Advancement in Technology
Improved processes in cell production of saltwater batteries
The development of cell production in Austria is progressing. In the (German) video, Managing Director Dr. Thomas Krausse and shareholder Horst Wolf talk about the progress.
Here is a summary of the key messages:
Three patents applied for
With the decision to manufacture the cells in Austria, we examined the manufacturing process and initiated improvements. We fundamentally redeveloped and improved the technology. We were able to file three patent applications with this advancement in technology. Our know-how secures a competitive advantage for us.
Each of the machines was developed especially for us
Regarding machinery there is no existing standard system available for the cell production. Each of the machines was developed specifically for saltwater cell production and designed for our purposes. The machinery will be commissioned in the second quarter of 2021. This will allow cell production Made in Austria to start in the summer.
Demand and order situation
In the first quarter of 2021, we achieved a strong increase in results compared with the same period of the previous year. Sales doubled. Earnings before interest, taxes, depreciation and amortization (EBITDA) even quadrupled.
Cell production builds the basis for our growth
Our market positioning as a leading supplier of environmentally friendly and safe battery technologies allows us to plan the next expansion steps. These are: Scaling cell production, optimizing manufacturing processes, advancement in technology and strengthening global sales.
Participating in the company’s success
You are convinced of the technology, and you want to take a sustainable step towards energy transition. Then you can participate in the company’s success by means of profit participation rights. This is a German-speaking contract. Learn more about this chance.
Also, our branch in the US is doing a fundraising project. Click here to learn more.