AnteoTech (ASX:ADO) announced its first commercial order for the revolutionary Ultranode battery anode technology from a leading European electric vehicle manufacturer, EV1.
The order marks a milestone for AnteoTech's high silicon anode technology.
AnteoTech's Ultranode features 70% silicon content, significantly higher than conventional anodes, and will be evaluated by EV1 for its next-generation EV batteries.
The evaluation is part of EV1’s plan to boost silicon content in its battery technology to enhance performance.
David Radford, Managing Director and CEO of AnteoTech stated, "We are pleased to expand our relationship with EV1 and support not only their current battery optimisation programme using Anteo X but their future battery vision of increased silicon content anodes."
The initial transaction, valued at approximately $40,000, validates AnteoTech's ongoing efforts in advancing battery technology and showcases the company's proprietary technologies’ potential contribution to the EV industry.
The Ultranode testing will run concurrently with the ongoing evaluation of Anteo X, both pivotal to EV1's plans to optimise current batteries and future developments in high silicon anode solutions.
AnteoTech is engaged in providing solutions for the clean energy and life sciences markets using applied materials technology. The principal activities of the company consist of the development and commercialisation of nanotechnologies with surface management applications.
At the time of reporting, AnteoTech's share price was $0.024.