Ann: Anteo X Production Facility Completed, page-57

So they have the mini plant built

What does possibly mean regarding the four companies that ADO have term sheets with?

Given that the initial production is 20,000 litres per annum, or 6,500 EV battery packs or 2,000,000 small batteries

Firstly the low hanging fruit, WYON.

This is a specialist private company in Switzerland that provides batteries in the medical space (from memory about three quarters of the the Cochlear implants batteries). So not a huge market, although a validation of the Anteo tech. The pilot plant could conceivably provide their required Anteo X with some easily expanded capacity, as acceptance is received.

So I would expect them to sign on first when they know that supply is forthcoming.

Trinseo have a longer relationship with Anteo than others in that they have been named as an MOU partner for some time.

They will not be looking at the pilot plant as an off take proposition rather as a demonstration plant on how to mix the Anteo X product so they can scale up. Although they will have to find buyers for the product unless the third and forth (as yet unnamed term sheet recipients being'EV1' and ? the gigafactory )

so I see it (through rose coloured glasses ) as a natural progression.


Anteo have indicated that they are talking with other participants in all these spaces, that will put pressure on these four term sheet proposals. 
The question in my mind is how will it happen rather than if it will happen

Although I am just a free carried filby with no axe to grind