2024 International Battery Seminar | March 12-15 | Orlando, FL, page-13

My two cents.

I'm going to assume that the company is planning on going to market with their first comercial iteration of the high silicon anode being approved for 650 cycles. I don't see why they would have done an outsourced manufacturing run / testing (late last year) if they were still trying to increase the cycling numbers. Last years Annual Report showed 300 cycles was required for medical devices/power tools so 650 cycles should be ample for the likes of Wyon (Cochlear Ear Implant), Varta (Apple Airpods) etc.







500 cycles has always been the threshold for consumer electronics, as show above in the Annual Report. The same report that stated:

The same report stated that we had applied for three seperate government grants which presumably one is for the Pilot Plant and the other two being funding for the two anode Iterations below:


Whilst I wouldn't be surprised if we have already surpassed 1,000 cycles it makes no comercial sense to publicly announce it due to the possibility of government (R&D?) grants.