Good morning Captain ,
At least we know who EV1 is courtesy of the ASX , design freeze in Mercedes Benz next generation battery is by the end of the calendar year just 6 weeks away , could be a very good Xmas for investors and company maker , will all the shareholder dilution and battery performance silence be forgiven ? I think not .
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 XTMin their next generation batteries.Importantly, EV1 has confirmed that use of Anteo XTMin their anodes both reduces their input costs and improves the performance of their proprietary anode.
As a result of this successful validation,EV1have advised they will now incorporate Anteo XTM into the prototyping process for their next generation batteries,to further validate Anteo XTMinthe 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 AnteoTechand EV1teamswill be held in Europe in the coming weeks to co-ordinate the production of battery cells incorporating Anteo X for testing by EV1. EV1advises that itremainson track for their targeted design freeze by the end of the calendar year
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