AnteoTech Ltd (AU:ADO) has released an update.
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AnteoTech Ltd reported strong progress in its clean energy and life sciences divisions, with key achievements such as a major purchase agreement with the Serum Institute of India and advancements in next-generation battery technologies. The company successfully raised $6.8 million and showcased a robust cash balance of $5 million with no debt. Additionally, AnteoTech’s proprietary material, Anteo X, demonstrated significant potential in improving battery performance, leading to increased engagement with major electric vehicle manufacturers for future collaborations.
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