• AnteoTech and Black Diamond Structures sign binding Term Sheet for Joint Development Agreement
• Combined product will leverage Anteo X 'cross linker' and BDS's MOLECULAR REBAR® carbon nanotube technology
• Targets electrochemical performance and structural integrity improvements in high silicon anodes

AnteoTech Ltd (ASX: ADO) has announced the signing of a binding Term Sheet, the basis for a Joint Development Agreement, with international battery materials manufacturer, Black Diamond Structures LLC. The agreement covers the production and commercialisation of an advanced battery product that combines AnteoTech's 'cross linker', Anteo X, and BDS's proprietary single and multi-walled carbon nanotube dispersion technology, marketed as MOLECULAR REBAR®. The combined product aims to enable a step change in high silicon Lithium-ion Battery (LiB) performance through improvements in electrochemical performance and structural integrity of high silicon anodes. Past testing by AnteoTech, using single walled carbon nanotubes (SWCNT) and Anteo X, resulted in a 38% improvement in cycle life at 80% capacity retention compared to a baseline silicon anode configuration. The end users of the combined Anteo X/MOLECULAR REBAR® product will be battery manufacturers incorporating greater than 10% silicon by weight active material in their anodes. The parties have agreed that a Joint Development Agreement will be targeted for finalisation within 60 days, with work to commence immediately on early sales, customer feedback, and a rapid sales growth focus. Production will take place at BDS's Texas facility, with initial US sales and potential global expansion by mutual agreement.

The parties have committed to pooling customer networks and enabling cross-connections to accelerate engagement with potential customers. A structured communications framework has also been established between BDS and AnteoTech, which will be implemented immediately.