the main feeling from todays announcement is relief that one of the obstacles in front of Anteotech's chances of commercialisation has been removed.
ADO's success now lies in its own hands and it's ability to commission our production facility and have our 70% silicon anode hit 800 and 1000 cycles. both are well on the way. then it's ability to get those deals signed.
have a look at ferroglobe, market cap of $800m US, 2023 revenue of $1.7B US.
Ferroglobe thought they had a case to be heard and took us to the federal court to gain claims to our silicon anode technology patents.
a David vs goliath sitaution.
what happened, management stayed strong, as I have posted they let our patents of the last 2&1/2 years expire, obviously hired excellent representation and basically toppled a giant. ( in comparison to us). well done!!!!
so what does that do for my confidence with my investment?
well it shows that unlike in past management teams, thru ewen, Katherine, Glenda, David etc we have a team with the strength and talent to be able to negotiate with companies much larger than us. just what we need to work with government agencies for grants, work thru commercial deals with major companies and set up plans of expansion of anteoX and anteobind production
a great result for Anteotech and a big tick to our management team
2024 the year of ADO !!!!!
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