The main issue in evaluating progress is ADO's published comparisons are all against old technology binder.
PAA is the leading binder base, there are many other PAA variants, not only the Anteo-X/PAA combo. The company hasn't provided any reason for confidence that the Anteo variant is likely to win over the other options. Collaborators confirming ADO's results isn't so exciting commercially if those collaborators are also confirming alternate PAA variants work well.
A review article containing a comparison table between various silicon anode binders - including many PAA combos:
https://onlinelibrary.wiley.com/doi/10.1002/inf2.12185#inf212185-tbl-0001
It is a crowded space and there will be only a few winners.
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