AnteoTech (ASX:ADO) executed a strategic collaboration and sales agreement with South Korean separator technology company Xerabrid, following a binding term sheet signed on May 26, according to a Thursday Australian bourse filing.
The company said the agreement establishes a commercial framework for the joint development, marketing, manufacture, and sale of a combined high-performance separator product incorporating Anteo S and Xerabrid's ceramic-coated separator technology.
The company's shares fell 10% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments