•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.
oRevenue will grow from $25M (last 5 years) to $67M (next 6 years).
o20 multi-year DoD contracts in place.
o50% of 6-year revenue plan in place by end FY23.
•$19M of FY23 bookings expected.
•Potential additional incremental growth from internal IR&D.
oPatent pending Green Hydrogen industrial energy solution . . . . .$5M /year potential.
oDeveloped innovative extended life VRLA Led Acid batteries . . . . .$5M/year potential.
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