ADO 0.00% 2.2¢ anteotech ltd

here's how I see the significance of this announcement all...

  1. 4,156 Posts.
    lightbulb Created with Sketch. 11937
    here's how I see the significance of this announcement

    all testing to this stage have been with button batteries

    Screenshot 2023-12-07 at 12.22.30 pm.png

    today we have been told that we have a 3rd party that has "completed production of the first commercial high silicon anode containing Anteo X "

    this is an anode for an ev battery. who would it be for? maybe ev1 ?

    Screenshot 2023-12-07 at 12.10.27 pm.png

    what is the significance of this?

    "Significantly, anode formulation and scale up was successfully transferred to a third- party manufacturer, who completed on time delivery of the anode to the EV company. The first successful manufacturing run confirms the ability of contracted anode manufacturers to scale-up the slurry mix containing Anteo X into a larger scale manufacturing process and represents a key validation point in the development and commercial adoption of our Anteo X product."

    so the step up from button batteries to car batteries for ev's was successful. and the transfer of anteox and our anode formulation to a 3rd party has been successful.

    ev1 can now test our CET anode technology in it's prototype high silicon anode battery model. just another major tick and step forward

    another thing of significance IMO, is the 3rd party producing the silicon anode. we had these milestones from the agm.

    Screenshot 2023-12-07 at 12.08.59 pm.png

    now that the 3rd party (quite possibly the above battery manufacturer) has successfully completed production of the 1st high silicon anode containing AnteoX, what would be holding back a commercial agreement being signed ? maybe the 3rd party could be one of the battery cell & pack suppliers below?

    Screenshot 2023-12-07 at 12.37.30 pm.png


    not the announcement that I and the market was looking for but an announcement that ticks a few boxes that needed ticking before commercial deals are able to be signed.

    so, tick tock !!!!!
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
0.000(0.00%)
Mkt cap ! $54.21M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $16.63K 732.8K

Buyers (Bids)

No. Vol. Price($)
11 1674614 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 216575 2
View Market Depth
Last trade - 16.10pm 16/05/2024 (20 minute delay) ?
Last
2.2¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
2.3¢ 2.3¢ 2.2¢ 1673000
Last updated 15.59pm 16/05/2024 ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.