Australia's Anteotech hits near 3-year peak on battery tech deal with South Korean firm

Anteotech

26/05/2026 06:05

** Shares of Anteotech ADO.AX rise as much as 53.1% to A$0.049, their highest level since June 14, 2023

** Materials solutions provider signs strategic collaboration and sales agreement with South Korean co Xerabid Corporation

** Agreement to combine co's product Anteo S with Xerabid's technology for development of battery separators that will reduce the risk of thermal runaway that creates battery fires

** More than 127.1 million shares change hands, 9.5 times the 30-day average

** Stock up 77.3% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))