just some musings from the announcement this week
"The team has optimised the anode design of a European Electric Vehicle (EV) company whilst integrating Anteo X and achieving both cost and performance improvements when compared to their baseline design. Significantly, anode formulation and scale up was successfully transferred to a third- party manufacturer, who completed on time delivery of the anode to the EV company."
we were told in the last 4c
"After the Quarter end, AnteoTech secured its first purchase order for Anteo X from a major EV manufacturer. This purchase order of approximately $60,000 for delivery by the end of 2023, will enable the EV manufacturer to commence testing Anteo X on a prototype high silicon anode battery model for potential inclusion in their EV range."
management seemed to give us a clue to what anode we delivered in the agm presentation
View attachment 5808439the thing to take from this - Anteotech's high silicon anode uses different products, formulations and processes to develop their anodes. (similar language to the ann) it's why we are dealing with the anode manufacturer and not just supplying anteoX to ev1, to do the development themselves.
this graphic tells us even more
View attachment 58084518% to 10% silicon is the norm. we have demonstrated >than 20% silicon at this stage.
so, I thinking we have presented ev1 with an >20% silicon anode with our own products, formulations and techniques used. as others have said this will give us revenue for anteoX plus possible royalties for each anode for our ip.... (licence to future partners from above)
this doesn't appear to be for our 70% - 90% silicon anode at this stage, but before the sad sacks start up with, so more testing will be needed again story.
yes more testing will be needed. anteotech has told us that the 1st commercial revenue for our silicon anode tech won't be till 2025. but, we don't need the revenue just the ev company to be named and a commercial deal signed before a possible mega rerate will occur
Group14 - valuation $2B - $3B
Amprius - valuation $370M
Sila Nanotechnologies - valuation US$3B - $4B
Enovix - valuation US$2B
Quantum scape $3.3B US
semi's post
71293783 jandb's post
69952719all rerated well before any revenue was generated. most still haven't generated any revenue !!!
a big step forward for Anteotech this week. the market hasn't responded yet and there are still a couple of hurdles to be cleared. but the picture IMO is being pretty clearly shown how 2024 will be the year for ADO !!!!!
IMO,DYOR, etc etc.....
(20min delay)