EV1 Design freeze hopefully
and / or
EV3 development deal
EV3 and AnteoTech are currently negotiating a proposal for development services, to support their high-performance anode development program for their next generation of electric vehicles. Management is working with EV3 to define the scope of this project and finalise a commercial proposal.
Also ....
Just noticed something on the 4C's that could bode well for larger scale production of AnteoX and AnteoBind and even toll manufacturing
Receipts from customers last year were $460k, yet product manufacturing costs were only $28k
Receipts from customers this year to date are $349k and yet product manufacturing costs were only $10k
This potentially suggests that if we start to get sales volume our variable margins could be very healthy - even if we outsource to toll manufacturers we should be able to get a very nice royalty.
Of course the 4c is not necessarily a good indication of cost of sales ... but its is a start (just to note the annual report didn't show cost of sales from what I could see)
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