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.
For further insights into AU:ADO stock, check out TipRanks’ Stock Analysis page.
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