BRISBANE, AUSTRALIA, 22 May 2024: AnteoTech Ltd (ASX: ADO) (AnteoTech or the Company) a revenue stage company, providing solutions for the clean energy and life sciences markets using proprietary applied materials technology, provides this Trading Update on partnering and commercial engagements following the 14th international Advanced Automotive Battery Conference (AABC) in Strasbourg, France last week.
The AABC is a leading industry event held twice annually, and at this year’s event, AnteoTech’s , Manuel Wieser, provided a Presentation to over 100 participants, with new technical data from a customer Case Study, demonstrating significant improvements in battery performance in an anode incorporating Anteo XTM.
AnteoTech senior management held multiple, productive meetings with existing and future partners prior to and during the AABC conference, to discuss this data and the ability of Anteo XTM to enable higher silicon in their products in order to meet energy density and charging speed initiatives for next generation batteries. Prototype evaluation to commence with EV1 AnteoTech 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 will now 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 to EV1. The cell manufacturer has already been advised by EV1, and a tripartite meeting with AnteoTech and EV1 teams will be held in Europe in the coming weeks to co-ordinate the production of battery cells incorporating Anteo X for testing by EV1.
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