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 SemiSolidTM 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 Adam Holland, Chief Executive Will Wilkins, Group Finance Director | Tel: +44(0)24 7642 1100 |
| Shore Capital (Nominated Adviser & Broker) Advisory Patrick Castle Broking Henry Willcocks
| Tel: +44(0)20 7408 4050
|
| Liberum (Joint Broker) Edward Mansfield Will King Anake Singh
Hudson Sandler Nick Lyon Nick Moore | Tel: +44 (0) 20 3100 2000
Tel: +44 (0) 20 7796 4133 |
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
