Design Freeze with Mercedes, page-6

changing ev1 to mercedes gives a different feel to last weeks announcement and the comments from the annual report.



1  Validating Anteo X & Ultranode with Mercedes - next generation batteries
–Mercedes undertaking prototype evaluation with targeted design freeze in 2024



Anode Optimisation Program
– Mercedes

• AnteoTech engaged to optimise Mercedes proprietary anode formulation
• Anteo X incorporated in Mercedes “high performance anode”
  - 9 months testing in their independent laboratory

Mercedes to commence evaluation of Ultranode with 70% silicon


BRISBANE, AUSTRALIA, 15th October 2024: AnteoTech Ltd (AnteoTech or the Company) a revenue stage company, providing solutions for the clean energy and life sciences markets using proprietary technologies, is pleased to announce that it has received the first commercial order for its proprietary Ultranode battery anode technology containing 70% silicon.

Key Points

• First commercial order of Ultranode from Mercedes
• Ultranode is a proprietary battery anode containing 70% silicon
• Mercedes is seeking step change in silicon content for their next generation EV batteries
• Mercedes evaluation of Ultranode will continue in parallel with the current development of an AnteoX containing anode

David Radford, Managing Director & Chief Executive Officer of AnteoTech commented:

“We are pleased to expand our relationship with Mercedes 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 Mercedes.”

First commercial order of UltranodeTM

AnteoTech has received its first purchase order for the Ultranode battery anode technology from Mercedes. The purchase order is for approximately A$40,000 as it relates to an initial quantity of Ultranode for testing and evaluation over the coming months.This initial order represents another milestone for AnteoTech and validates the ongoing development and key features of the AnteoTech proprietary 70% silicon Ultranode battery anode technology. Mercedes will shortly commence an evaluation program where the performance enhancing characteristics of the Ultranode will be assessed. The testing of Ultranode will take place in parallel with Mercedes ongoing evaluation of Anteo X, supporting both their current plans for battery optimisation and future goals of higher silicon battery anodes.


GLTAH.........