Ann: Company Update, page-81

used some of ktscratch  + nayr's notes- thanks

from my post this morning

1/ we have seen part of the production facility, a few more rooms than those shown and a lot of area for expansion



part of the commissioning process is achieving iso 9001 validation. had one of our new employees achieve the certification just recently.




2/ ultra high silicon anode

- Results are exceeding our (ADO) expectations.
- Currently 650 cycles at 80% retention on high silicone anode.
- EV Europe company – inhouse ADO results validated EV Europe testing
- EV Europe company – Design freeze is ultimate goal,

been dealing with ev1 for a least 9 months. they have had our anode for testing since early December. if we can lock into their design freeze, we'll need way more than our 80k litre capacity. and once anteox is locked in it will be harder to be removed than a NSW  cricketer from the Australian team.

3/ not much of an update on progression with new partners.

There has been significant interest from a range of EV companies.
Followed later by - 10 high value customer opportunities.

4/ anteobind NXT

launching in a couple of weeks
currently engaged in advanced negotiation with large company.

another point I found interesting was the generation 1 and 2 cycling projects, with gen 2 being for battery storage. I have seen a lot of funding available for battery storage from several government groups.

and the real reason for this post

David Radford CEO - 2024 the year of ADO