ANO is an advanced materials business - not a one trick pony in...

ANO is an advanced materials business - not a one trick pony in the sunscreen business. (Note: The company is over 20 years old officially, but in reality more like 30 years of research as part of the University. With many millions invested in R&D over the years).

ANO has lots of intellectual property in various states of development for 3d printing, ceramics, coatings, plastics, fuel additives, clean energy, batteries etc etc.

Specifically with the battery technology, a lot of the research and work has already been done and paid for, back in the day, under the JV with Samsung and University of Western Australia. They are simply resurrecting it now that the market has presented an opportunity where a heavy and large battery can actually be commercially viable. The costs to pursue a prototype manufacture of the technology are a pittance to the potential return and it doesn't require dumping loads of money into R&D. Why wouldn't you want them to pursue it? It would be foolish to leave it dormant.