Anteo Diagnostics Limited (ASX: ADO) (“Anteo or the Company) is...

Anteo Diagnostics Limited (ASX: ADO) (“Anteo or the Company) is pleased to report that its Energy divisionhas signed a Memorandum of Understanding (MOU) with Spain-based Silicio FerroSolar SLu (“SFS”), asubsidiary of Ferroglobe PLC (NASDAQ: GSM) -- a leading producer of silicon metal, silicon- andmangagese-based alloys, and ferroalloys.SFS is devoted to the development and production of micro- and nano-silicon for anodes of next generationlithium ion batteries, working to produce silicon anode solutions of any purity (from 99.0% to 99.999%), anysize (nano or micro particles) and/or any morphology (spherical or angular particles).SFS and Anteo have been cooperating this past year through the exchange of samples and test data, andboth companies are pleased to advance this collaboration with the aim of obtaining commercially viableresults.Pursuant to their MOU, Anteo’s Energy division and SFS will work together to explore a range of opportunitiesfor the integration of SFS’s silicon into anodes for lithium ion batteries using Anteo’s proprietary technologyand processes. Specifically, Anteo is developing silicon composites to improve the integration andperformance of silicon when incorporated into lithium ion battery anodes. The MOU aims to strengthen therelationship between the two companies, facilitate deeper collaboration, and explore a joint path forward.Through its relationship with SFS, Anteo has secured ongoing access to high quality silicon materials tocontinue to pursue its development work and technology commercialisation. In return, SFS and SFS’scustomers will benefit from the successful development of higher performing silicon products for the use inlithium ion batteries.Jose Manuel Miguez, head of R&D-High Value Powders at SFS, said: “We know that the surface propertiesand functionalities of silicon particles are of paramount importance in a cell’s electrochemical behavior, andwe consider this project an important step in our efforts to develop ready-to-use and tailor-made solutions foranode and cell producers.”Anteo’s Chief Executive Officer Harley Frankfurt added: “Anteo’s Energy division is actively building anumber of collaborations and our work with SFS again demonstrates industry’s attraction and interest inour proprietary surface coating technology. We will report on the progress we make with SFS. I am alsopleased with the advances we are making with existing collaborators as well as new ones we have in thepipeline. With our recently secured funding, we have a solid runway to deliver commercial outcomes fromboth our Energy and Life Sciences divisions.”