Cleantech is back in fashion on AIM with ITM Power, Ceres Power and Proton Power surging in price over the past 12 months. AMTE Power arrives on AIM when that momentum has eased but the sector remains attractive to investors.
AMTE raised more than initially expected in the flotation and this should provide the cash required for investment in the business. Founding shareholders, including chief executive Kevin Brundish, raised £743,000 in the flotation.
The strategy is to focus on niche markets that are being ignored by rivals. The battery cells in development are based on licensed techn...
