why ADO is a multi multi bagger, page-3302

there have been things that management have been poor at, which have been the focus of these threads lately. I agree with some of them.

but they have achieved some significant milestones lately as well

- Mercedes. have paid for 2 different Anteotech anodes . only $100k but that doesn't tell the full story of the collaboration. mercedes gave anteo their anode (and its chemical composition) which anteo optimised and sold back in Dec23. Mercedes then tested this to 1000 cycles with independent validation. mercedes gave anteo some of their anode costings, how else did anteo prove the can save about US$600 an anode. now Mercedes are testing Utranode.

-Arena funding. $5.4m of funding (with QLD included) that went thru independent testing and an extensive due diligence process. it is being used to expand anteo's production and testing capacity.

- have set up a team to delivery Ultranode, a 70% silicon anode that has reached 900 cycles @>70% energy retention. IMO the most significant announcement (where are the WH/kg numbers though?)

- SIOI, a 5 year minimum spend anteobind purchase agreement with the largest vaccine producer in the world

- completed building and commissioned the 20k litre production facility

- finally hired a VP of sale who starts in 8 days, in europe and the US.

not the big commercial deal that shareholders have been hanging out for but an accomplishment in itself. sp value is a very important but (imo) it's not the only matrix to value a company and their management.

going to be an interesting week again

GLTAH........