Source - LSE Regulatory
RNS Number : 4681G
Mpac Group PLC
26 July 2021
 

 26 July 2021

 

Mpac Group plc

 

FREYR Battery Chooses Mpac Lambert for Supply of Battery Cell Assembly Equipment Package to Customer Qualification Plant

 

Mpac Group plc, a global leader in high-speed packaging and automation solutions, announces that its Mpac Lambert ("Mpac") business has signed a contract with FREYR Battery ("FREYR") for the supply of the casting and unit cell assembly equipment package to the battery cell production line at FREYR's Customer Qualification Plant ("CQP") in Mo i Rana, Norway.

 

FREYR is a developer of clean, next-generation battery cell production capacity. Mpac was prequalified to participate in the competitive tender following nearly three years of cooperation with 24M Technologies ("24M") on industrializing and scaling 24M's SemiSolid lithium-ion battery platform technology.

 

Mpac will leverage 24M's innovative battery casting technology and in-house expertise and experience in automation and mass production systems to construct and install the equipment.

 

The contract with Mpac also grants FREYR options for delivery of the casting and unit cell assembly equipment packages for FREYR's planned Gigafactories.

 

Tony Steels, Chief Executive at Mpac Group plc, commented:

 

"We are delighted to be a partner to Freyr to support them to achieve their vision and play our part as Mpac automation ecosystems to provide know how, equipment and services to industrialise the battery cell energy storage device production, ensuring the achievement of Freyr's ambitious growth plans for a more sustainable future."

 

Tom Einar Jensen, Chief Executive Officer of FREYR, commented:

 

"FREYR continues to advance Norway's first lithium-ion battery cell manufacturing facility at industrial scale with a production line developed to our own specifications. The CQP will be used to optimize and industrialize 24M's technology to produce clean, low-cost and high-energy density battery solutions based on renewable energy. We look forward to establishing a long-term partnership with Mpac Lambert through the CQP and potential later Gigafactory development."

 

 

For further information, please contact:

Mpac Group plc

Tony Steels, Chief Executive

Will Wilkins, Group Finance Director

 

 

Tel: +44(0)24 7642 1100

Shore Capital (Nominated Adviser & Broker)

Patrick Castle

Edward Mansfield

Sarah Mather

Henry Willcocks

 

Tel: +44(0)20 7468 7923

 

Hudson Sandler

Nick Lyon

Nick Moore

 

Tel: +44(0)20 7796 4133

 

 

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