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A Caithness firm that has pioneered the development of smart battery technology has announced plans for a multi-million pound fund-raising ahead of an expected flotation on the stock market. Thurso-based AMTE Power said it expects to raise around £7 million from investors to help fund growth. The company will apply to have its shares listed on the Alternative Investment Market in March. AMTE expects to generate interest among investors as it aims to capitalise on growing demand for the kind of high-power batteries it makes amid the energy transition. Directors reckon the lithium ion cells it produces in Thurso are ideally suited to meet the needs of firms that are looking to use electricity as a source of intense energy that results in lower carbon dioxide emissions than fossil fuel alternatives.