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- AnteoTech’s (ADO) energy subsidiary pens a contract for the commercialisation of silicon anodes for micro batteries with Switzerland-based Wyon AG
- Anteo Energy entered the non-binding memorandum of understanding (MOU) with the Swiss company to drive the development and production of rechargeable micro batteries for the MedTech market
- Under the terms of the deal, the two companies will target the immediate performance improvement of Wyon’s existing range of batteries
- ADO says the agreement represents a further milestone for its energy division as it works to strengthen its focus on delivering commercial outcomes from its battery tech
- AnteoTech is up 4.17 per cent and trading at 5 cents at 2:55 pm AEDT
AnteoTech’s (ADO) energy subsidiary has penned a contract for the commercialisation of silicon anodes for micro batteries with Switzerland-based Wyon AG.
Anteo Energy entered a non-binding memorandum of understanding (MOU) with the Swiss company to drive the development and production of customised, rechargeable miniature and micro batteries for the MedTech market.
The small batteries are designed to power a wide range of portable medical devices including cochlear implants, hearing aids, insulin pumps and pacemakers and can be recharged and used multiple times.
ADO said the agreement represented a further milestone for its energy division as it worked to strengthen its focus on delivering commercial outcomes from its leading battery technologies.
“By partnering with Wyon, a market leader in the miniature and micro batteries space, we are taking a significant step towards executing our Si Anode growth strategy,” AnteoTech CEO and Managing Director David Radford said.
“Our objective is to develop a product range that becomes the leading cell and battery choice for achieving the highest possible energy capacity in the smallest possible size, to revolutionising the way medical devices are powered.”
Under the terms of the MOU, the two companies will develop a collaborative roadmap that will target the immediate performance improvement of Wyon’s existing range of batteries.
Both parties will work towards validating the agreed target specification, with this forming the condition precedent to further the partnership within and beyond the MoU towards a commercial agreement or agreements.
Through licensing the anode technology, AnteoTech will be able to monetise its intellectual property to generate revenue streams while partnering with a global leader in the market segment.
AnteoTech shares were up 4.17 per cent and trading at 5 cents at 2:55 pm AEDT.
