AnteoTech Signs Strategic Collaboration Agreement With South Korea's Xerabrid; Shares Down 10%

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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.

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