- A niche high technology DoD contractor with leadership advanced battery design and manufacturing.
- Poised for significant growth due to key qualifications and demand for existing products.
- Patent pending green hydrogen IR&D has identified potential $360M annual new industrial market.
Summary Investment Considerations:
- Market leader in this niche high-technology: Large rechargeable silver-zinc batteries .
- Key sole / limited source supplier to numerous DoD and Aerospace programs.
- Applications include Missiles, Rockets, Space, Submarines, Targets, Torpedo’s.
- 100% domestic sourced supply chain.
- Projecting incremental 6 YR growth.
o Revenue will grow from $25M (last 5 years) to $67M (next 6 years).
o 20+ multi-year DoD contracts in place.
o 50% of 6-year revenue plan in place by end FY23.
- $19M of FY23 bookings expected.
- Potential additional incremental growth from internal IR&D.
o Patent pending Green Hydrogen industrial energy solution . . . . .$5M+/year potential.
o Developed innovative extended life VRLA Led Acid batteries . . . . .$5M/year potential.
