Ann: Half Yearly Results Timing & Investor Update Call, page-78

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New technical data presented at the Advanced Automotive Battery Conference in San Diego demonstrated a10% performance improvement to a customers’ proprietary “high performance anode” through the addition ofAnteo X. Additionally, the use of Anteo X enabled a 15-fold reduction of an expensive inorganic material usedin the formulation, demonstrating a potential saving of up to US$500 per anode in an electric vehicle. As a resultof this presentation the Company received follow on enquiries from multiple EV manufacturers and global gigafactories. Potential workflows are being prioritised to meet the in-flow of interest.


Development of a new product – AnteoBind NXT targeting the Point of Care diagnostics market which isestimated at $0.7 Billion per annum. AnteoBind NXT is a cost-effective alternative to existing products and candeliver a 30% reduction in the use of costly antibodies, a 40% reduction in manufacturing labour costs andreduce waste through a longer shelf life for activated particles.

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As the Group is currently loss making, the Group’s ability to continue to adopt the going concern assumption will depend upona number of matters including subsequent successful capital raises in the future and the successful sales and/orcommercialisation of the Group’s intellectual property and projects.The directors have concluded as a result of the requirement to raise funds in the future there exists a material uncertainty thatmay cast significant doubt regarding the Group's ability to continue as a going concern and therefore, the Group may beunable to realise their assets and discharge their liabilities in the normal course of business.