so just when considering how ADO will be able to set up the company to achieve a significantly higher market cap.
in the last month we have added 3 production related jobs.
Anteotech now has an in-house 20K with capacity to expand to 80k-100k litres anteoX production facility. they also have plans and discussions with the 7 ev companies, giga factoies, consumer electronic companies, battery manufacturers, separator manufacturers and nano tube suppliers to set up toll manufacturing near their factories in europe.
in addition we now know that ADO have plans in motion for setting up an automated anteobind production process. whats the potential scale of both divisions?
"we have an active scale up program underway" "will involve a high degree of automation given the commitments and the potential scale that we are looking at"
then we have the starting position of sales director who is now the VP - international sales
from 22nd may
"is recruitment of a European based International Sales Director"
25th june
"Further interviews have been conducted with a short list of potential candidates for the role with a final selection and job offer expected to be made in the near term, after appropriate reference checks have been made."
31st july
"the Company is in the process of appointing a VP- International Sales, based in Europe, to develop closer relationships with existing and prospective customers. Contract terms are currently being finalised."
we know he is based in Germany, has a strong history in battery commercialisation and is currently still employed (seeing he has to give notice). I would imagine he would be on a good salary package. I would imagine he would have checked anteotech's CET developments and have assurances about anteotech's financial future before agreeing to leave his current employment. IMO his connections and who he is working for now will be interesting
so here are some points
- the significance of how well connected the new VP is, will tell the market a story about Anteotech. the announcement should be soonish
- where Anteotech have been financially frugal up to now, 4 new appointments and working on 2 production lines and a new CET division - cell engineering and electrochemistry, shows a financial loosening of the purse strings
-where will the money come from? we have been told that there are several non dilutionary gov't grants that would be getting to the pointy end. and what possible reason did they add this to the announcement last week
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revenue may only come in a trickle in late 2024/early 2025 and expand later in the year , but some announcements in the coming days , weeks and months should give a better vision of anteotech's future potential.
GLTAH !!!!!!!
(20min delay)