[ATTACH] "The fund’s $1.39 million of support will help...

"The fund’s $1.39 million of support will help AnteoTech accelerate its $4.38 million internal project and take the company from prototype stage through to a ready commercial design and support the creation of 4 new scientific jobs."

https://www.treasury.qld.gov.au/investment/investment-growth-stories/anteotech/

from last week


"The funding will support the development and commercialisation of the Ultra High Silicon Anode capable of 800 cycles. The 18-month grant program will cover the purchase and installation of anode prototyping and pouch cell assembly equipment to enable the delivery of cells in commercial formats for customer evaluation and testing."

so, management have sold the story to the Queensland govt that we are investing $4.38 million for the company to start producing  (at small scale) our own anodes and pouch cell batteries.

I know this cr is grating on myself and other shareholders but with the bigger picture, does it sound like anteotech are raising to just keep their head above water or raising to move faster towards commercialisation.

why, when funding is a concern, are they spending money on this when we could just use a 3rd party manufacturer like we have for ev1 and our 70% silicon battery? what plans have they for the future and if funding is tight going forward why expand into a new area?

plenty of opinions each side, as always time will tell....