Ann: AnteoTech Customer Ellume Secure US Contract, page-55

Great announcement.

1. Confirms without doubt Anteobind is in the Ellume test going to DOD, USA (I know some never doubted this but global newbies maybe didn’t know). 80% rise will have caught some attention of newbies.

2. Ellume is forging the way into the US with FDA and federal procurement. Anteo rides the coat tails and slipstream for their product launch. Nothing like having someone else do the heavy lifting for you.


3. modest rise is right for this one contract. It’s Ellume US contract only right now so that’s a defined ramp up and delivery of 300MM products guaranteed by US. If my maths is correct the contract is for 300MM to provide a guaranteed 8.5MM tests. This makes each test approximately $30/each to this first govt contract. But the news article said by year end they will be producing 19MM/month devices from US factory. Even at $10 wholesale that’s 190MM/month rev to Ellume. That’s into the Bs/year. That’s serious revenue, no? If Anteo can follow in the footsteps then wow! Did I get this right?