Hi David,
A few days certainly does make a difference with this $100mn company which develops advanced materials and surface chemistry technologies for lithium-ion batteries and diagnostic applications – theoretically a “hot space.”
- The stock popped from 1.1c to 4.9c on Tuesday and Wednesday, before retracing back ~30%, certainly a volatile few days.
AnteoTech has signed a collaboration and sales agreement term sheet with South Korean separator technology group Xerabrid, marking another step forward in the commercialisation of its battery materials technology. Under the agreement, AnteoTech’s Anteo X cross-linking separator technology will be integrated with Xerabrid’s ceramic-coated separator platform to support the development and delivery of next-generation battery separators aimed at improving battery safety and performance.
The parties are targeting a formal three-year agreement within 120 days, but at this stage financial terms have not been disclosed.
- ADO remains highly speculative until some numbers are released but until then it looks ok technically while it can hold above 2.4c.
