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AnteoTech Ltd ( (AU:ADO) ) has shared an update.
AnteoTech Ltd has signed a binding Term Sheet with Black Diamond Structures LLC to develop and commercialize an advanced battery product combining AnteoTech’s AnteoX™ and BDS’s MOLECULAR REBAR® technology. This collaboration aims to improve the electrochemical performance and structural integrity of high silicon anodes, targeting battery manufacturers incorporating more than 10% silicon by weight. The agreement sets the stage for a Joint Development Agreement, with production at BDS’s Texas facility and potential global expansion. This partnership is expected to accelerate value creation and deliver significant benefits to customers in the evolving LiB industry.
More about AnteoTech Ltd
AnteoTech Ltd operates in the battery materials industry, focusing on the development and commercialization of advanced battery products. Their primary product, AnteoX™, is a ‘cross linker’ used in high silicon Lithium-ion Battery (LiB) anodes to enhance performance and structural integrity.
Average Trading Volume: 2,631,529
Technical Sentiment Signal: Sell
Current Market Cap: A$35.17M
For a thorough assessment of ADO stock, go to TipRanks’ Stock Analysis page.