Ann: AnteoTech $6.4m Capital Raising, page-270

this is where we were roughly 2 years ago during the 6 mth change over from Derek to David



we were so lacking in leadership we sent a non executive board member with Manuel and just appointed conor to represent us at one of the 1st battery shows. shows the growth in Manuel and the data we have presented to have now positioned Anteotech at the forefront of anode tech.

in the 19 months since David has been in control, he then stopped the trials of eugeni and then completely shut down eugeni program. removed and transferred and hired new staff.

we now have a production facility completed and undertaking commissioning. we have the finance to expand to 80K litres.

we have received $1.4m QLD funding to help with setting up anode and pouch cell manufacturing on a small scale to provide in house and partner testing

we have released volumes of data on the performance of AnteoX, 70% silicon anode and AnteoBind products. as well as cost savings for all

we are releasing a new product anteobind NXT (hopefully very shortly)

we have developed relationships with 10 major battery companies. ev1 are testing our 3rd party manufactured anode with the possibility to be included into their entire new range of electric batteries. we have signed an MTA with a consumer electronics company.

we have developed and successfully manufactured a functioning 70% silicon anode which has been in testing for roughly 3 months

we have defended our IP in a court case vs ferroglobe

ADO's technicals suck and we are still only a spec stock at the moment, but IMO the new team has transformed the company. the fundamentals are continuously improving .

the big question, can they sign a significant commercial deal. the next few months will tell but we IMO are definitely mixing with the right companies......