Ann: Anteo Enters Into First MTA for Battery Development, page-38

I was quite shocked to see the selldown allbeit on low volume after the previous ann. as the positives were unprecendented in the battery space . The fact that it had some issues with the cycle efficiency is a teething problem that can now also be looked at by ADO and anyone they form an mta with (material transfer agreement). The big thing that has been completely ignored by the market is to have large increased capacity through the use of stabalised silicon which hasn’t been achieved before to this extent . Anteocoat stabalises silicon in that now the bateries can be smaller taking up less room and have higher capacity . The cycle efficiency issue is not unlike other issues that first come with reinventing the wheel , it takes time to perfect .

More increases in SP to come imo .

Regards