AnteoTech receives first commercial order for Ultranode silicon battery from European EV maker

Queensland-based chemistry company AnteoTech (ASX: ADO) has received a $40,000 commercial order for its proprietary Ultranode 70%-silicon battery anode technology.

The maiden sale came from a European electric vehicle manufacturer (known as EV1) that has been trialling the product to assess its performance-enhancing characteristics.

The ongoing trial will be carried out in parallel with EV1’s evaluation of AnteoTech’s Anteo X cross-linker additive.

Performance boost

Anteo X has been developed to reinforce battery binders in silicon anodes and boost their performance.

The manufacturer confirmed in May that the use of Anteo X could reduce input costs and improve the performance of its proprietary anode.

It said it would incorporate Anteo X into the prototyping process for its next-generation batteries to further validate the additive in future stages of battery development.

Advanced relationship

AnteoTech managing director David Radford said the new order would advance the company’s relationship with the European manufacturer.

“We are pleased to support EV1’s current battery optimisation program using Anteo X and its future battery vision of increased silicon content anodes, which we believe only Ultranode can offer,” he said.

“The anode that EV1 has purchased contains 70% silicon—significantly higher than the anode currently being evaluated, which has only 10%.”

“This new commercial sale and evaluation will deepen our potential future engagement with this leading manufacturer.”

Higher-energy anodes

In June, AnteoTech met with the management teams of two major European electric vehicle manufacturers (known as EV2 and EV3).

Both companies are considering the progression to higher-energy anodes, which will be accomplished through the incorporation of increased silicon content.

AnteoTech and EV2 discussed the services required to incorporate silicon anode technology and made moves towards a joint development agreement.

Direct approaches

Other European manufacturers have since approached AnteoTech to engage in the transition to new technology lithium-ion batteries.

“It is pleasing to receive direct approaches from leading car manufacturers and several of the world’s largest gigafactories, which are becoming aware of our unique capabilities backed by compelling data,” Mr Radford said.

“The fact that they are approaching us directly is a testament to the marketing initiatives and visibility that we are gaining in the global market as an enabler in the transition to high-silicon.”