On Tuesday, Anteotech announced that it has received the first commercial order for its proprietary Ultranode battery anode technology.
Ultranode is the small cap ASX stock's proprietary ultra-high silicon anode design currently containing 70% silicon. It is constructed using commercially available low-cost silicon as the active material (instead of graphite) and is enabled by AnteoTech's technologies to offer a high performance and sustainable option for lithium-ion batteries.
The company's initial announcement revealed that the $40,000 purchase order came from a European electric vehicle (EV) manufacturer that it referred to as EV1. This was for an initial quantity of Ultranode for testing and evaluation over the coming months.
The small cap ASX stock's CEO, David Radford, commented:
We are pleased to expand our relationship with EV1 and support not only their current battery optimisation programme using Anteo X, but their future battery vision of increased silicon content anodes, which we believe only our Ultranode can offer them.
The anode that is being purchased contains 70% silicon which is significantly higher than the anode currently being evaluated which has 10% silicon active material. This new commercial sale and evaluation will take place of the coming months and deepen our potential future engagement with this leading EV manufacturer. EV1 unveiled
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