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AnteoTech Ltd ( (AU:ADO) ) has provided an update.
AnteoTech Ltd has entered into a commission agency agreement with Kangshin Industrial Co., Ltd., a South Korean distributor, to access the burgeoning South Korean battery market. This strategic move is expected to enhance AnteoTech’s market presence and accelerate its entry into one of Asia’s largest and most advanced battery markets, aligning with its global expansion strategy and potentially increasing sales volumes through established local networks and infrastructure.
More about AnteoTech Ltd
AnteoTech Ltd is a leader in high-performance high silicon battery anodes for lithium-ion batteries. The company focuses on expanding its global network to support scalable international expansion, particularly in the battery industry, by leveraging its proprietary technologies such as Anteo X™ and Ultranode™.
Average Trading Volume: 3,104,000
Technical Sentiment Signal: Hold
Current Market Cap: A$62.22M
Learn more about ADO stock on TipRanks’ Stock Analysis page.