Alexander Battery Technologies the Peterlee, County Durham based battery manufacturer has outlined ambitious plans to reach £100m in annual sales within the next four years.
Now in its 40th anniversary year, the company designs and manufactures customised rechargeable battery packs for a range of industries from robotics, medical, telecommunications and e-mobility among others.
With 50 per cent of sales in the US and around 47 per cent in Europe the company, in realising its £100m annual sales goal will seek to grow it’s substantial export market further in the US and the EU whilst also significantly boosting sales across the UK.
During 2023, the company secured several big contracts and broke into new markets, most notably the growing e-Mobility sector; and secured a project for a battery pack for an on-highway eMotorbike. Elsewhere, ABT won a project in the military sector for an unmanned support vehicle that works alongside military personnel, carrying heavy equipment and support gear. This demanding project requires a large battery pack of around 70kg with a voltage of circa 120V. This growth saw the company turnover climb by 30 per cent to £18m.
Whilst most of the Alexander Battery Technologies staff are based at the battery testing and validation laboratory at its Battery Technology Centre, as well as its state-of-the-art logistics facility at Peterlee, ABT is also steadily building its sales and service operation in the EU and the business opened a new location in Frankfurt in 2023. The Frankfurt office enables the company to offer technical consultancy tailored to the needs of its EU customers and putting the business in a position of strength in order to satisfy fast-growing demand in Europe for lithium batteries in the e-mobility, robotics, medical, and wearable devices markets.
Commenting on the ambitious growth plans, Alex Stapleton, chief commercial officer at ABT, said: “The business invested heavily during 2023, to set us up for growth in the coming years. We concluded the complete design and build of our battery technology centre, providing 12 dedicated laboratories for new battery development projects.
“These support the business with significant bandwidth for up to 12 different projects in parallel and are capable of supporting designs up to 800v and over 100kWh. The battery technology centre also added much needed office space, as well as extra production floorspace to further future-proof the flexibility of our UK site.”
During 2024, the company is investing in additional certifications for the business, such as ISO27001 (Cyber Security), ISO45001 (Health & Safety), ISO/TS 16949 (Automotive) and ISO14001 (Environmental).
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