why ADO is a multi multi bagger, page-130

Hi Captain , Investors must not realise EV1's design freeze is by the end of 2024 ? is by the end June this year and the scoping of EV2’s evaluations are expected to be completed in Q4 FY2024 with the evaluation expected to commence in early FY2025 is July-September this year , the latest announcement achieving 1,000 charge & discharge cycles with greater than 70% energy retention? how much greater than 70% ? this confirms the EV1 deal will go ahead and EVI want to keep it quiet from its competitors , can the Anteotech plant make enough ? they have confirmed the purchase of extra plant to scale up to 80,000 litre is very telling.

Announcements like the above should have more detail for investors to consider raising their investment , what WH/kg or mAh /g is achieved at the 400 cycles out of 1000 if 40% improvement in range @ 1000 cycles ? 400 cycles with such high energy retention should give at least 300,000 k drive range , I' ve never had a car with more than 150,000k,
good luck Anteo investors .

During the Quarter, the Company continued its work with a leading European car manufacturer or “EV1” on the optimisation of their anode for their next generation electric vehicle or EV batteries. This work has been progressing for a number of months, with initial testing by the customer in their laboratories confirming the results obtained by the Company that demonstrates an improvement in energy density and a reduction in costs of the anode. AnteoTech will continue its work with EV1 towards the common goal of improving the performance of the battery and making a reduction in the cost of the components of the anode.

The goal of this work is inclusion of Anteo X in EV1’s upcoming “design freeze” towards the end of 2024. Being included in the “design freeze” would see Anteo X incorporated into the batteries for EV1’s next generation vehicles. If the internal validation and testing processes being undertaken by EV1 is successful, the objective will then be for AnteoTech to secure commercial agreements for the sale of Anteo X for use in a broad range of the EV’s that the company produces.

The scoping of EV2’s evaluations are expected to be completed in Q4 FY2024 with the evaluation expected to commence in early FY2025. Based on the volumes of EVs that each company manufactured in 2023, and their forecast growth, this would equate to a significant volume of Anteo X providing a material revenue opportunity.

A further project is commencing with a leading Giga Factory that produces large volumes of EV batteries. The Factory has approached AnteoTech to assist in their transition to a higher silicon anode. The scoping and deliverables for this project are currently being finalised and it is expected that this will run in parallel with the EV projects.