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AnteoTech (ASX:ADO) collaborator confirms promising anode test results

Technology
ASX:ADO      MCAP $50.57M
26 April 2021 10:00 (AEST)

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Evaluation work on AnteoX, conducted by AnteoTech’s (ADO) collaborators, has confirmed results of electrochemical performance enhancement.

One of the collaborators is a large northern Asian diversified electronics manufacturer with operations worldwide. The collaborator was able to confirm the enhanced electrochemical performance from AnteoX in a high silicon content lithium-ion anode.

AnteoX is a cross-lined binder additive used with binder systems to improve the cohesion and adhesion in anodes, resulting in increased energy storage of the anode in lithium batteries.

The results mirror those previously achieved by AnteoTech when using said collaborator’s binder in testing with silicon anodes.

The study focussed on evaluating AnteoX with anode designs and chemistries that have a near-term commercial application in the market containing silicon oxides. This is due to the silicon containing active material in quantities of 5 to 3 per cent, blended with graphite in the anode coating.

The collaborator’s half-cell results showed a roughly 130 milliampere hours per gram, or a roughly 18 per cent improvement in the anode’s specific capacity, pushing the starting capacity to close to 870 milliampere hours per gram when compared to a control without AnteoX.

These results followed assessments taken by two other collaborators, which revealed untapped potential of using AnteoX as a binder additive.

The results, which AnteoTech have dubbed “a good performance”, have prompted an immediate commercialisation conversation between the two companies. The collaborator agreed to enter discussions with its battery component manufacturer customers to conduct trials using the combination of its binder and AnteoX within the customer’s preferred silicon anode design.

If these trials are successful, the collaborator has indicated it will look to establish a supply arrangement with AnteoTech to allow them to supply to combined offering director to its customers, including battery manufacturers and deliver and automotive original equipment manufacturers.

Testing will run from now until late 2021.

AnteoTech shares last traded at 41.5 cents.

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