The battery update on the 16th December was the catalyst for the...

The battery update on the 16th December was the catalyst for the beginning of run , the market was a little slow to get its head around it , if there is some serious money paid by any one of the collaborators ,ADO's market cap will shoot to hundreds of million ,The Anteo must be in Japan now if you read below , most exciting time in years to be invested .

The level of activity across our collaboration initiatives has intensified in the last 2 months due to production of first sets of composite samples for external evaluation, the successful development of a Cross Linked Binder prototype using a modified version of AnteoCoat and completion of the upgrade to our facilities allowing faster development.

We have been able to produce composites that will provide a firm platform for moving to the next stage of optimisation development and we seek commercial frameworks with our collaborators to do this. Discussions on the next evolution of development including commercial agreements are underway.

Each collaborator has indicated that the commercial finalisation of these discussions is dependent on verification of value which will be realised and understood during the testing period of these existing samples.

We are encouraged by the current dialogue with Collaborator 1 regarding potential leverage of AnteoTech’s Cross Linked Binder in their existing battery production process and will update as these discussions progress. During 2020 our interaction with existing collaborators will intensify further as we move to finalise arrangements for optimisation development work. In addition, we will seek new collaborations across the Li Ion battery value chain in Asia, the U.S. and Europe.

Our business development activity for 2020 will begin with the next scheduled set of meetings with collaborators and battery industry participants in January 2020 in Japan. This will be followed by meetings to be held with industry participants in Europe in the second week of February 2020 and attendance at the Japan Battery Show and associated meetings in Japan at the end of February 2020