from the quarterly "During the Quarter, outgoing MD/CEO David...

from the quarterly

"During the Quarter, outgoing MD/CEO David Radford and members of the Life Sciences team visited the Serum Institute of India (SII) in Pune. The visit resulted in plans for increased usage of AnteoBind being confirmed as a result of its demonstrated cost and productivity benefits, supported by both growing demand and diversification of product usage by the SII. Discussions are underway to deepen commercial ties, with both operational and corporate upside identified. A visit by SII executives to Brisbane is planned in May 2025."

so david and team got confirmation of increased SIOI usage with "further orders expected by June 2025"

net cash outflows for the quarter was $2.15M

adding $300K from SIOI would lower that to $1.85M with $5m in the bank. if the order was for $500k it would be $1.65 and still leave 2 months of funds.

Anteotech has reduced staff over the quarter but with pay outs, any reduction won't be seen until the next quarter.

from the 27/3/24 have the QLD grant for $1.4m being an 18 month project. unlike the arena grant where $4M has been granted for a $11m project, the QLD grant isn't a 1 for 1 money grant.

"As part of the development of this product portfolio, AnteoTech will now commence an 18-month Project to complete the development of a Generation 1 Ultra High Silicon Anode capable of 800 cycles at 80% capacity retention, targeting the consumer electronics market. The Project will include product development, market acceptance testing, technology refinement and scale-up. The Grant will support the purchase of equipment and an upgrade of existing facilities. This upgrade will enable AnteoTech to confirm the performance of the Generation 1 anode in commercially accepted pouch-cell formats."

only target to hit IMO is a high silicon anode hitting 800 cycles at 80% which is roughly a month away.

got a tax rebate of $2.5m - $3m coming within the next 4-5 months. there are provisions for requesting for this to be released earlier.

all 3 help the financial position but doesn't totally solve short term funding. I'm sure management are working on this. hopefully from  SIOI or NRF instead of a capital raise.

last point. anteotech have the 10 previous advanced battery partners and have added 3 chemical companies, have SIOI and vidcare in life science a several others in India and beyond but they are still presenting, last week , then have Manuel, fabian and Kai-anders at the AABC in a couple of weeks and in Hong Kong next month.

so obviously are looking for more relationships, will be interesting to see how new management initially frame partnerships going forward. if there is payment for work done as they have claimed, they will have to be announced on the ASX. will new partners replace old tyre kickers or will more scientists be added to shoulder the load? getting close to where management gives shareholders the results of the review and new company direction


quote for concept study/sampling. quote for prototype study. quote for product/licence


interesting weeks ahead !!!!

GLTAH....