Ann: Announcement of Expansion of Anode Materials Business, page-4

NOVONIX continues to progress the agreements with Sanyo Electric Co., Ltd of Japan and
Samsung SDI of South Korea, both major international manufacturers of lithium-ion batteries
for electric vehicles (EVs) and energy storage systems (ESS) globally. The Company is well
positioned to serve the growing needs of the battery supply chain as the only qualified
producer in North America of high-grade anode material suitable for lithium-ion batteries for
EVs and ESS. This phase of growth will support the production of anode materials to support
the lithium-ion battery packs for over 100,000 EVs.

interesting that they list Sanyo ahead of Samsung SDI- the latter is receiving product to test but not Sanyo--- must be something going on in the background???