Ann: Company Update, page-190

something is a little off with the companies reporting of the cycles achieved with our 70% silicon anode. seeing ferro took us to court regarding our high silicon anode patents it's understandable.

from the annual report 30th aug 23. 500 cycles at 90% retention



from the industry presentation 13th dec 23, 650 cycles at 80%




from the company update 28 feb 24, 75 days later > 650 cycles at 80%



how many cycles greater than 650 cycles. 75 days at 6 cycles a day = 450 cycles + 650 cycles. Hmmmm

on the 7th of dec we had an announcement that we had delivered a high silicon anode to ev1.

then in last weeks presentation we had this graphic.



what I question, is this, if we weren't closer to 800 cycles or the magically 1000 cycles, why would ev1 be wasting their time in doing a full production run with our AnteoX anode included in a full cell battery. with the proviso that if it was successful, anteoX would go into a design freeze of their batteries for future ev's. doesn't make sense if we weren't further advanced IMO.

then we were presented with this graphic ( I realise interpreting ado's graphics does need some assumptions)


I believe with what has been released the 1st grant funding must be close. so maybe an ev company commercial agreement is closer than expected. lets hope so !!!!!