Why is Anteotech only 2.6c now with the support of State and Federal governments ? ADO is fare too cheap for far too long ,now looks likely to change.
AnteoTech, with the assistance of the ARENA funding, will now undertake a three-year project, with defined milestones. The ARENA funding will be used to fund new capital items to enhance the Company’s capability and capacity and include the design and construction and expansion of AnteoTech’s Brisbane facility to accommodate a small-scale industrial roll-to-roll (R2R) coating line, capable of mirroring conditions found in industrial and commercial like manufacturing settings. Further stages will include completion of design enhancements and testing; scale up processes and equipment; followed by validation.
The final stages will include engagement with partners for testing and market validation with the goal to then secure commercial agreements and licenses with end customers. Given the strategic alignment of the project with the Company’s objectives, the Company will allocate the cost of existing Clean Energy Technology resources and capabilities to deliver the target outcomes of the project.
An initial technical objective is to enhance the Generation 1 prototype, currently under development through the QLD Critical Minerals Battery Technology Fund, by creating a Generation 2 version. This new prototype will exceed the current target of 1,000 cycles at 80% capacity retention, meeting the rigorous demands of ultra-high-performance applications, hybrid and electric vehicles, large-scale battery storage systems deployed across Australia and globally.
BRISBANE, AUSTRALIA, May 1 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, announces that it has generated technical data confirming that a high silicon anode incorporating Anteo X™ has demonstrated achievement of 1,000 charge & discharge cycles with greater than 70% energy retention.
AnteoTech has been conducting a technical collaboration with a partner for approximately 9 months involving a range of tests that have also been replicated by an independent laboratory. This work has included the incorporation of Anteo X into a proprietary high silicon anode. A critical technical milestone has now been achieved with this anode containing Anteo X, exceeding the 1,000 charge and discharge cycle mark while maintaining over 70% of the cell’s starting capacity.
The anode containing Anteo X also demonstrated a greater than 26% (200+ cycles) improvement in battery performance. The performance of the anode was a significant improvement upon the customer’s existing benchmark at the same 70% threshold value. AnteoTech CEO and Managing Director David Radford said: “This latest customer data represents an exceptional technical achievement, with the high silicon anode containing Anteo X demonstrating 1,000 charge and discharge cycles, combined with a further 26% improvement in battery cycle life.
We expect this data will help drive further engagement with our current and planned partners, by confirming the significant benefits that Anteo X can provide to enable the transition to high energy, silicon dominant anodes.”
Expand
(20min delay)