Ann: Operational Update - Clean Energy Technology, page-4

Noice !! Goals finally getting kicked.

Prototype evaluation to commence with EV1AnteoTech have met with the project management team from the battery division of the global electric vehicle manufacturer or ‘EV1’ which has been evaluating the use of Anteo XTM in their next generation batteries.Importantly, EV1 has confirmed that use of Anteo XTM in their anodes both reduces their input costs and improves the performance of their proprietary anode. As a result of this successful validation, EV1 have advised they willnow incorporate Anteo XTM into the prototyping process for their next generation batteries, to further validate Anteo XTM in the next stage of the battery development process.

This prototyping process will be facilitated with the major cell manufacturer that currently supplies batteries toEV1. The cell manufacturer has already been advised by EV1, and a tripartite meeting with AnteoTech and EV1teams will be held in Europe in the coming weeks to co-ordinate the production of battery cells incorporating Anteo X for testing by EV1. EV1 advises that it remains on track for their targeted design freeze by the end of the calendar year.