"Product Qualification Facility Commissioning Commenced" was...

"Product Qualification Facility Commissioning Commenced" was reported on March 26, 2024. The plan was to process between 5-10 kg of graphite per hour and to process 5 tons of graphite in the first batch.

Three and a half months later, another announcement about the commissioning of the PQF is released. This time, there are no quantity details, but again, there's mention of potential improvements to 99.99999% purity and lower costs.
What's still missing is information about customers who have received batches and, more importantly, which customers are implementing the process in their hubs. We won't hear any customer names for the rest of the year because there aren't any. Instead, there will be more test results from new costly studies that are, of course, better than the old ones.

Andrew should finally secure a binding contract with a customer so that the expensive studies start to pay off.
Moreover, it is crucial to finally obtain the SML and the KfW loan. Where are these essential milestones? When will they be achieved? When will the first contract that brings money into the coffers be signed?

I've read enough fluffy announcements over the past seven years, but none with substance that have brought a positive cash flow for EGR.

But as long as such fluffy anns satisfies the cheerleading swat, everything is okay for Andrew.