Key leadership position filled to
facilitate ABTC's rapid growth and capital expansion
projects
RENO,
Nev., April 30, 2024 /PRNewswire/
-- American Battery Technology Company (ABTC) (NASDAQ:
ABAT), an integrated critical battery materials company that is
commercializing its technologies for both primary battery minerals
manufacturing and secondary minerals lithium-ion battery recycling,
is pleased to announce the onboarding of Scott Smith as its vice president of financial
planning and analysis (FP&A) to support the company's strategic
growth trajectory and to lead the company's investor relations
functions.
"Scott has been an excellent addition to this team since joining
us at the beginning of the year, and he has now relocated from
Berlin to work out of our
Reno headquarters," shared ABTC
CFO Jesse Deutsch. "We are rapidly
expanding operations in both our battery recycling and primary
lithium manufacturing businesses, and Scott's diverse experiences
leading financial operations, driving fast-growth market
expansions, and managing financial investments for publicly-traded,
global companies have been integral to ABTC as we continue to
advance our commercialization efforts."
Smith is an experienced finance professional with over a decade
of expertise in financial business operations within the electric
vehicle and consumer goods sectors. He is skilled in strategic
planning, intricate financial modeling, and fostering
cross-functional partnerships with demonstrated success in
enhancing cost efficiencies, facilitating market expansion, and
maximizing investment returns.
Prior to joining ABTC, Smith worked at Tesla for over seven
years and recently was based in Berlin,
Germany as Tesla's head of FP&A and business operations
for all Europe, the Middle East, and Africa (EMEA) operations. This group was
responsible for driving annual revenue of more than $20 billion with a more than 50 percent annual
growth rate, and Gigafactory capital expenditures of over
$4 billion with efficiency spends
across all scopes and technical functions. Beforehand, Smith worked
at PepsiCo and was responsible for establishing financial
frameworks and internal protocols driving quicker pace-to-market
and better financial controls, and served as financial lead on
large-scale, Frito-Lay innovation projects.
In his role as the company's first vice president of FP&A,
Smith oversees the development, implementation, and evaluation of
ABTC's budgetary and forecasting processes and capital expansions.
He is responsible for creating and maintaining the rigorous
financial models used for scenario analysis, forecasting, and
decision-making critical to the company's strategic growth
initiatives and expanded commercialization activities.
"I am thrilled to join American Battery Technology Company to
help support the company's rapid growth and to work with our
strategic partners to facilitate our capital expansion projects,"
stated Scott Smith, ABTC's vice
president of financial planning and analysis. "I have experienced
firsthand the challenges and successes of building commercial
factories, teams, and companies from the ground up as part of new
growth initiatives, and am excited to now drive these efforts at
ABTC."
Smith earned a bachelor's in commerce from the Smith School of
Business at Queen's University in Kingston Ontario.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in
Reno, Nevada, has pioneered
first-of-kind technologies to unlock domestically manufactured and
recycled battery metals critically needed to help meet the
significant demand from the electric vehicle, stationary storage,
and consumer electronics industries. Committed to a circular
supply chain for battery metals, ABTC works to continually innovate
and master new battery metals technologies that power a global
transition to electrification and the future of sustainable
energy.
Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact, are "forward-looking
statements." Although the American Battery Technology Company's
(the "Company") management believes that such forward-looking
statements are reasonable, it cannot guarantee that such
expectations are, or will be, correct. These forward-looking
statements involve a number of risks and uncertainties, which could
cause the Company's future results to differ materially from those
anticipated. Potential risks and uncertainties include, among
others, risks and uncertainties related to the Company's ability to
continue as a going concern; interpretations or reinterpretations
of geologic information, unfavorable exploration results, inability
to obtain permits required for future exploration, development or
production, general economic conditions and conditions affecting
the industries in which the Company operates; the uncertainty of
regulatory requirements and approvals; fluctuating mineral and
commodity prices, final investment approval and the ability to
obtain necessary financing on acceptable terms or at all.
Additional information regarding the factors that may cause actual
results to differ materially from these forward-looking statements
is available in the Company's filings with the Securities and
Exchange Commission, including the Annual Report on Form 10-K for
the year ended June 30, 2023. The
Company assumes no obligation to update any of the information
contained or referenced in this press release.
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SOURCE American Battery Technology Company