Ann: Agreement Signed With SIEMENS, page-10

Siemens will identify resources at their expense to develop a clearly defined functional specification for the use of Siemens industry software and automation solutions, and to provide the benefit of technology standards to help build next generation manufacturing plants - the digital enterprise for battery production.

Siemens has tested our batteries extensively. There is no way a large company like Siemens put their name next to a product if they weren't 100% sure it would work.

IM3 battery failure would not only reflect badly on Siemens but it would be a waste of their resources and money.

Today's announcement is extremely positive and confidence inspiring for MNS.