Australian (ASX) Stock Market Forum

ADO - AnteoTech Limited

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Muchado said:
With ADO recently announcing they will be doing their own in house production of what could be one of the best Covid tests in the world this should get a lot of attention pretty soon.
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and , it's happening

A trading halt is requested pending an announcement by the Company concerning an announcement made by Ellume about an agreement with the US Government to scale up production of COVID-19 home tests;
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US grants $302 million contract to Brisbane bio-tech firm Ellume to produce at-home COVID tests​

www.abc.net.au

US grants $302 million contract to Brisbane firm Ellume to ramp up at-home COVID test production

The United States Department of Defense awards a contract worth $302 million to Brisbane-based biotech firm Ellume to ramp up production of its COVID-19 home test kits.
www.abc.net.au www.abc.net.au
 
Dona Ferentes said:
and , it's happening



US grants $302 million contract to Brisbane bio-tech firm Ellume to produce at-home COVID tests​

www.abc.net.au

US grants $302 million contract to Brisbane firm Ellume to ramp up at-home COVID test production

The United States Department of Defense awards a contract worth $302 million to Brisbane-based biotech firm Ellume to ramp up production of its COVID-19 home test kits.
www.abc.net.au www.abc.net.au
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Yes exciting times Donna and the Ellume story is just a side hustle for ADO. When ADO get their own amazing test results confirmed by the Doherty Institute (which could be any day now) this should provide a substantial rerate. The indicative price now is already up 50% from yesterday.
 
up 70%. Hat's off, @Muchado

AnteoTech Ltd (ASX: ADO) notes our customer Ellume has made an announcement of an agreement with the U.S. Department of Defense for its Emergency Use Authorization COVID 19 at home test.
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As announced on 28 October 2016, Ellume integrates AnteoBind technology in their proprietary quantum dot diagnostics platform. The Ellume COVID-19 home test, incorporating AnteoBind, is the first non-prescription over-the-counter self-test authorized by the U.S. Food and Drug Administration for emergency use. Ellume and AnteoTech have a supply contract which has been in place since 2016 and is due for renewal in late 2021. Ellume’s announcement in regard to its new US contract does not trigger the need for any immediate alteration to AnteoTech’s supply contract conditions with Ellume.
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AnteoTech’s supply strategy is to support assay development of key customers via use of our surface coating technology - AnteoBind. AnteoBind is a key element of AnteoTech’s own COVID-19 Antigen Rapid Test currently in development and several other assays marketed globally.
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ADO should have a nice little run today, Herald Sun, Telegraph and The Australian all have an article about the immanent release of the ADO Covid test.
 
ADO is my pick for the Monthly tipping comp. They are due any day now to receive validation of their rapid antigen Covid test results from the Doherty Institute. The results should verify ADOs in house testing with their world beating results. The LLOD (lowest level of detection) enables their test to pick up results on day two of infection, results that are unequaled by any other test.
They are also due for validation of their battery results which have shown an increase of an astounding 21% in battery efficiency.
There is also he chance they will announce the resumption of their rapid POC sepsis test, a disease that kills more people than covid and their is currently no fast accurate test for.
 
ADO should get it's CE mark next week which will allow it to sell it's highly accurate and highly sensitive Covid test into Europe. After a very very long wait this company is finally about to make some serious dollars.The share price has gone up 1900% in the last year but hopefully is about to rise a while lot more.
 
ADO has been on a nice little run after a recent announcement regarding its CE mark approval for its covid tests. It reached a new high yesterday after a roughly 50% retracement from previous new high a couple of months ago. I've attached a weekly chart. Craig

ADO chart 21:4:21.png
 
Muchado said:
They are also due for validation of their battery results which have shown an increase of an astounding 21% in battery efficiency.
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Some think the battery tilt is the biggest story for ADO,

My hesitation has always been the moving target of their efforts.
 
AnteoTech Limited is making the most of its 250 per cent share price boom in the past six months. The company was out looking for $8 million in fresh capital on Monday morning via a placement of new shares.

The offer, which was being handled by PAC Partners, was priced at 26¢ a share, which represented a 37.3 per cent discount to AnetoTech’s last close, and a 9.9 per cent discount to the 30 day VWAP, according to terms sent to funds.

Money raised would be used to help roll out the company’s COVID19 rapid testing kits, potential investors were told.
 
My tip for the May tipping comp is ADO. On Monday they announced their progress in the battery sector giving updates from 3 of the 9 corporations they are collaborating with. They announced a 500 mAh/g increase in batteries. That probably should have been national headlines. Today they are officially launching what is arguably one of the best Covid tests on the planet. Game changing progress in two of the hottest sectors on the market. People will soon be hearing a lot more about this company.

Energy Collaborator Program Creates Commercial Pathway - AnteoTech

AnteoTech Ltd is pleased to report that evaluation work conducted by AnteoTech’s Collaborators, focusing on the application of AnteoX, has proven very successful. The collaborative work and results have strengthened partnerships and created a pathway to commercialisation of AnteoX. 20210426...
www.anteotech.com www.anteotech.com
 
Muchado said:
My tip for the May tipping comp is ADO. On Monday they announced their progress in the battery sector giving updates from 3 of the 9 corporations they are collaborating with. They announced a 500 mAh/g increase in batteries. That probably should have been national headlines. Today they are officially launching what is arguably one of the best Covid tests on the planet. Game changing progress in two of the hottest sectors on the market. People will soon be hearing a lot more about this company.

Energy Collaborator Program Creates Commercial Pathway - AnteoTech

AnteoTech Ltd is pleased to report that evaluation work conducted by AnteoTech’s Collaborators, focusing on the application of AnteoX, has proven very successful. The collaborative work and results have strengthened partnerships and created a pathway to commercialisation of AnteoX. 20210426...
www.anteotech.com www.anteotech.com
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@Muchado home run for April comp
 
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