Interesting wording about the state of play!Chris will elaborate...

Interesting wording about the state of play!

Chris will elaborate further but the work completed in July to externally verify theimpact of using AnteoCoatTM to increase the use of silicon in Lithium batteries andthus increase the energy potential of those batteries has been recognised with nowtwo collaborations underway with global industry partners to further develop the application on the road to commercialisation. I was recently in north Asiaaccompanying Chris and our head of battery development, Manuel Wieser for thekick off meeting with our first collaborator to agree the feasibility study focus andplan. Not only was it clear from our discussions that their market need was now and urgent, but the challenge of getting increased levels of silicon into batteries had notyet been cracked despite the significant industry focus on this area over the past 4 years plus. It is particularly encouraging that, the silicon levels our first collaborator are seeking to achieve are well within the levels we demonstrated with our initial work with silicon coating.