Australia's Anteotech hits 5-month high on deal with US co

Anteotech

21/07/2025 06:30

** Anteotech ADO.AX soars as much as 30.8% to A$0.017, highest since February 20

** Clean energy solutions provider signs binding term-sheet with U.S.-based battery materials maker Black Diamond Structures (BDS) to jointly develop and commercialise battery performance product in U.S

** Both cos will combine respective products into advance battery product meant to improve electrochemical performance, structural integrity in high-silicon anodes

** Production will take place at BDS's Texas facility

** Around 16.9 mln shares traded, 5.7x the 30-day avg

** ADO last up 23.1%, trimming YTD losses to ~6%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))