I am yet to see the webinar today, but have looked at the presentation (announcement).
It was underwhelming. But I'm unsurprised.
We're an unknown, very small company in the boon-docks, being sued by a multinational, well known, relatively long standing player in the international battery industry.
A number of people have mentioned or at least questioned months ago, whether there was some intention to halt our progress.
Given yesterdays' update at the Federal court, not sure why we should think that the impact of this has changed, or that the handbrake upon us has been lifted.
IMO - if you're going to make a deal with a company for their product, you want to be sure that the company owns that product. You want to be confident that in 4 - 8 weeks time you're not going to be dealing with some other entity.
Imagine being the CEO of a major battery provider or EV company, going into a design freeze, and signing a deal with a little Australian company, just weeks before they get there IP taken from them, yet, as the CEO it was clearly a possibility for months in advance, yet you signed anyway.
It strikes me that any company looking at doing a deal right now is beyond cautious - which brings us full circle to the potential impact upon us from the current action in the Federal Court of Australia - Is it because our products so good, and someone's worried??....I don't know.
I'm not sure we'll succeed in this case or in the future, but I don't think our CEO has the easiest job in the world right now trying to close any deal with any major player, for the reasons above.
NB: and I know the case is about the anode, but I don't believe you can seperate the AnteoX and the anode for two reasons - surely any EV or battery manufacturer that has us in mind for a deal wants both, and if we lose the rights to the anode for some reason, then it devalues significantly any potential contract / partnership with us.
But hey, I actually have no idea what's going on!!
Good luck all!!
EB
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