I haven't watched the Q&A yet, been working away for the past...

I haven't watched the Q&A yet, been working away for the past few weeks with limited internet.

As for news flow from Novonix, they have always been conservative with announcements.

We have locked in our first customer for Anode (Kore Power), this will consume more than the phase one build of 10,000 TPA.

Sanyo/Panasonic have been testing our anode for years (since 2018) and will not be far off validation, pending if they are going off Gen 2 or Gen 3 materials. Sanyo has had mass production Gen 2 shipped to them over the past 6-12 months.



US government grants have their time line already played out, submission date 1 July 22, with grants expected to be announced between Oct 22 and into 2023. This is out of managements control and all we can do is submit the application, of which we qualify with our first commercial customer Kore Power. It would be nice to have either Sanyo or Samsung SDI lock in prior to the cut off, but that isn't a deal breaker currently.

I wouldn't be surprised if Kore Power receives US BIF grant for scaling the KorePlex 12GWh factory as well. Which Novonix has approximately 5% stake!!!

Management are working best they can and have been delayed with shipping due to covid from China bringing in equipment for the Cathode division, but we are close to having that 10T commercial pilot line operational. What is interesting is they have been engaged with industry leaders with DPMG, but no official announcements yet. Novonix has a strong history of tight NDAs, I expect news on this front by end of the year on how this division will be scaled or leased to industry.

Novonix is a long game and is stacked with the right management / partners to bring this to scale.

No point complaining but current market conditions, entire ASX is being beaten about. Novonix is still a start up, which comes with risk. That risk is off set by management, location and Partnerships.

Risk vs reward, you either got the stomach for extreme volatility or don't. If the later, Novonix isn't for you!!