Anteo will collaborate with a ‘globally recognised battery anode producer’
Anteo Diagnostics’s (ASX:ADO) nano-coating tech has caught the attention of another major player in the global lithium-ion supply chain.
The Anteo silicon-based tech could support the production of lithium-ion batteries with up to 75 per cent higher energy capacity compared with conventional graphite-based cells, Anteo said in March.
But work must be done to refine the tech first, which is why two milestone material transfer agreements – which means both parties share materials, test data, and knowledge — were signed with battery materials suppliers in Europe and North Asia last year.
It’s early days, but these confidential collaborations are already yielding promising results.
Now Anteo has executed an agreement with Collaborator 3; a globally recognised battery anode producer.
The stock was up almost 16 per cent to 1.5c on the news.
Importantly, this new agreement features a clear intention to work towards commercialising new high performing battery products, Anteo says.
Chief executive Harley Frankfurt says this is a strong endorsement of the technology and its appeal to globally recognised battery companies.
“Anteo continues to build momentum with some of the most respected leaders in the industry and we look forward to being able to update the market on this mutually beneficial collaboration with the aim of developing next generation battery components and products,” he says.
Anteo was contract for additional comment.