Ann: June 2018 Quarterly Report, page-59

Below is development phases as laid out in ULTRACHARGES initial Investor Presentation
Release date 21/12/2016
As you can see things are on track if not ahead of schedule
With a whole heap of added extras so before you criticize the company make certain you have at least read all the announcements first.
Battery development takes time for proof of concept at 40 cycles per day (charge deplete repeat) 10000 cycles days go by
Commiting to a new Battery as Blitz PT Garda Aeronautics are alluding to isn't just picking a paint colour it huge

UltraCharge will initially focus on applications that bring simplicity for the energy storage market, by offering a game-changing battery that is fast charging, has enhanced safety, is cost efficient, and has a longer lifespan.

Phase I
1. Availability of early samples of Anode (YES)
2. Ship samples to selected clients for commercial evaluation. (YES)
3. Potential 1st Business Collaboration. (YES)
Phase I within 12 months

Phase II within 18-24 months
1. Ramp up production capabilities (YES)
2. Ultra Charge to sell anode material at limited volumes
PROGRESSING (Delivering good progress on the JDA with Chemours announced last year, with a view to making some announcements in the coming months;(
PROGRESSING (Developing additional Ti02 anode material to meet the requirements of a potential long-term customer that has expressed significant interest in our Ti02 solution;
3. Initiate license agreements to battery manufacturer.
PROGRESSING (“UltraCharge is working with PTG to finalise the JV within the next few quarters and, once completed, we will be in an excellent position to commercialise our technology with the Indonesian armed forces and more broadly, customers in the ASEAN region,” said UltraCharge CEO Kobi Ben-Shabat.)
Phase II within 18-24 months

Phase III within 30 months
1. Achieve mass production capabilities
PROGRESSING (PT GARDA PERSADA)
2. Ability to sell volumes Anode material to battery manufacturer.
PROGRESSING(JDA with Chemours)
3. Provide multiple licenses to battery manufactures
IN TALKS (Chinese battery manufacturer)
Also Sinochem Lelanche