• 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.
