Anteotech have many different CET programs running at the moment, firstly gov't grants
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the 2 government grants, gen1 $1.4m from the QLD govt, 800 cycles + 80% energy retention and last weeks 4 year Arena $4m battery storage program, gen2 >1000 cycles + 80% energy retention. plus a lot of equipment to set up in-house battery manufacturing (for testing only)
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it's been mentioned that the milestone to reach is 1400 cycles.
we announced this week in the quarterly
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and
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so Anteotech with Ultranode are currently at 900 cycles @ >70% energy retention with the aim to hit the 1000 cycle benchmark within 8 months.
the 4 year arena program with Ultranode is for large scale battery storage program, which Anteotech has just begun. it has nothing to do with the requirement of Anteotech's partners and the possibility of short term revenue
thats for the $5.4m government grants
then we have AnteoX and Ultranode products being tested by the market.
we have an anteoX enhanced Mercedes battery that has already reached 1000 cycles and in their battery prototype with a design freeze scheduled for the end of this year
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thats the shortest possible ev revenue Anteotech could get. we also have possible deals with ev3, separator company, chemical co and CNT manufacturer
then we have Ultranode which needs to hit 1000 cycles (around mid year 25) with mercedes only recently purchasing $40k worth for initial testing. this is a longer term project for the larger revenue possibilities, but from above consumer electronics only needs 800 cycles @ 80% energy retention. Anteo are currently at 900 cycles @ >70% energy retention.
IMO revenues don't need to be in the bank, just to be included in Mercedes design freeze with a guarantee of future orders and revenue will spark a re rate.
DYOR, IMO, GLTAH etc etc
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