Orders placed through Sumitomo Corporation Power & Mobility for high-voltage battery systems to be used by a Major Japanese Headquartered OEM's Vehicle Project

Repeat order represents over $13 million in purchases by this end user with further plans to add incremental batteries to their existing facilities as well as batteries for new construction sites

The Initial Assembly of Battery Systems is Part of a Larger Planned Investment in Jamestown, New York.

Revenue of $11.2M and Positive Adjusted EBITDA for Seventh Consecutive Quarter

Strengthened Balance Sheet and improved financial position

Significant Progress in Closing EXIM and Bank Financing to support US Manufacturing Expansion and Overall Growth Plans

Reaffirms Fiscal 2025 Revenue Guidance Exceeding $60M, Driven by Strong Order Pipeline

The Company has begun placing initial purchase orders for battery system assembly equipment along with commencing hiring with the goal of starting battery assembly by CY Q2 2025