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Highlights
- AnteoTech (ASX:ADO) shares edged up on encouraging test results for its drop-in cross-linker additive for LIB anodes.
- AnteoX has demonstrated solid performance in two independent tests conducted by respected battery companies.
- AnteoTech continues to work with the two international battery companies on further validation trials.
Surface chemistry company AnteoTech Ltd (ASX:ADO) has hit an important development milestone. The company’s drop-in cross-linker additive AnteoX has demonstrated solid performance in two independent tests conducted by reputed global companies in the lithium-ion battery (LIB) value chain.
The outcomes are highly encouraging as they confirm the performance-enhancing properties of AnteoX, especially in high-energy and silicon-rich anode designs. The development suggests that the additive cleared an initial-phase assessment and validation by two international battery space players.
AnteoX test results drive share price
Triggered by the update, Anteotech shares jumped by over 6.2% to trade at AU$0.08 midday on 11 July 2022. The company has a market cap of AU$159.02 million. In the last one month, the shares have delivered a return of more than 6%.
Substantial uplift in electrochemical performance using AnteoX
ENAX Inc., a high-performance, client-tailored lithium-ion batteries developer, assessed AnteoX in its high-energy silicon anode reference design.
The test results suggested:
- Significant boost in electrochemical performance
- Potential to boost active material, which is silicon here and lower inactive material, the binder.
This will lead to creating an anode with higher energy density.
Overall results are:
Image source: © 2022 Kalkine Media®, data source: company update
The potential to lower binder content and increase active material while boosting cell performance is vital to battery manufacturers as this can allow for a reduced production cost per watt-hour a battery can deliver ($/Wh).
The road ahead - Enax will now continue assessing the performance of AnteoX in other more extensive trials.
AnteoTech will continue working closely with the LIB developer to strengthen its testing efforts and the incorporation of AnteoX into its processes and cell designs.
AnteoX offers clear benefit to various binder chemistries
A big player in the global battery manufacturing space has evaluated AnteoX’s potential to enhance the performance of different binders. It used binder formulations containing a mix of binder chemistries, including chemistries currently in the market and new binder chemistries entering the market.
The results demonstrated that AnteoX provides a clear benefit to all three binder formulations. It confirms that AnteoX can be used broadly across different binder chemistries, with AnteoX offering significantly superior ability retention for all the binder formulations tested.
The road ahead - The battery company plans to undertake further trials on full cells and combine AnteoX with more commercial formulations of anode. The ASX-listed player also intends to advance to the next testing stage while working closely with the manufacturer.
