FINWIRES · TerminalLIVE
FINWIRES

AnteoTech Signs Collaboration, Sales Agreement Term Sheet With South Korean Separator Technology Firm; Shares Near Three-Year High

By

AnteoTech (ASX:ADO) signed a collaboration and sales agreement term sheet with South Korean separator technology firm Xerabrid, according to a Tuesday filing with the Australian bourse.

The company's Anteo S cross-linking separator product will be combined with Xerabrid's ceramic coated separator technology in the formulation, development, testing and delivery of customer sales support across next generation battery separators to improve battery safety, the filing said.

The two parties are expected to finalize a comprehensive three-year agreement within 120 days, per the filing.

Financial terms of the deal were not disclosed.

AnteoTech shares rose nearly 38% in morning trade Tuesday and earlier reached their highest since June 2023.

Related Articles

Asia

Elixir Energy's Queensland Exploration Well Falls Short of Fluid Recovery Target

Elixir Energy (ASX:EXR) said its Diona-1 exploration well in Queensland has recovered about 46% of injected fluid in the Surat-Bowen Basin, falling short of the 50% to 60% range required to demonstrate natural flow stabilization, according to a Tuesday filing with the Australian bourse.Gas production remains nearly impurity-free, indicating strong reservoir quality and connectivity, but unstable recovery persists due to returning stimulation fluids, as confirmed by echo meter data and salinity measurements, per the filing.The joint venture is considering an artificial lift system to resume flow testing and better assess the gas-condensate resource, while also engaging Sproule ERCE to independently certify contingent resources across the 375-square-kilometer Diona sub-block, the filing added.Elixir holds 49% of the ATP2077 Diona sub-block joint venture, while Xstate Resources (ASX:XST) holds a 51% stake.

$ASX:EXR$ASX:XST
Asia

Market Chatter: Commonwealth Bank of Australia CEO Says AI Will Affect Jobs Throughout the Economy, AFR Reports

Commonwealth Bank of Australia's (ASX:CBA) Chief Executive Officer Matt Comyn said on Tuesday that Artificial Intelligence will affect jobs throughout the economy, according to a Tuesday report by the Australian Financial Review.CBA, which invests AU$2.4 billion annually in technology and capabilities, will roll out new AI-enabled services in the coming months for retail and business customers. Comyn said.Comyn said that it's not fair to pretend that every role can be preserved, and the jobs that may disappear are easier to foresee than to imagine all the new roles that can be created with AI, the report added.CBA will have smaller teams for some of its work, as many other organizations, Comyn added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$ASX:CBA
Asia

Radius Residential Care Completes Acquisition of Wellington Aged-Care Facility

Radius Residential Care (NZE:RAD) completed its purchase of the Karori care home in Wellington, according to a Tuesday filing with the New Zealand bourse.The facility has 90 beds and 14 units and provides hospital-level and dementia care services, the filing added.The company's shares fell around 1% in recent Tuesday trade.

$NZE:RAD