AVL is only real peer comparison and they don’t even own their battery technology, nor do they have $3m grant. Nor a pilot plant,
They do have $80m market cap.
RFX - could be a battery peer comparison. They are a zinc bromine battery. They have fumbled in the market due to a poor strategy. They still have a $50m market cap.
Do your own research but there has to be only upside from these levels.
Ann: Protean Receives $3M Project Commitment for V-KOR Project, page-5
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