Hello and welcome to this Ensurge Micropower webcast hosted by Arctic Securities. With me today I have the new CEO of the company, Shauna McIntyre. Welcome. Shauna will take us through the investor presentation and at the end we will have a Q and A. For that, please submit your questions in the Q and A functionality on your webcast player. With that, I'll just hand the word over to you, Shauna. Wonderful, wonderful. Thank you so much. It's a pleasure to be here at the Arctic Securities office. Looking forward to speaking with all of you about Ensurge. It's a company that has certainly captured my interest and my desire to really take it to the next level. I'm Shauna McIntyre, the CEO of Ensurge Micropower based in San Jose in the heart of Silicon Valley and excited to share with you more about the company today. Safe harbor statement as a standard, you can certainly read through that at your leisure, but essentially this is about just a precaution about any sort of forward-looking statements. The contents of my conversation today with you are first of all to introduce you to myself and my background and what compelled me to Ensurge as well. I want to share with you my approach to the company and how that's different than what has been done before and how we turn a corner in the company to really capture the potential we have in the markets with the tailwinds that they have. It's an exciting story and I'm excited to tell it. Strategy, how are we going to go after customers and product development and launch new products into these end markets. Lastly, I want to end with the opportunity. I know for some of you it's been a road. You've been on this road of Ensurge for quite a while and you've been quite patient sometimes. I'd imagine that road hasn't necessarily paved the way to where you thought the company might need to be. What I'm here to tell you is how excited I am about our road ahead. Our road ahead is not easy, but it's certainly exciting and it's certainly bright and I'm very excited to be sharing a bit about my vision for the company. A bit about me. My background is technology. I'm a mechanical engineer by background. Since the day I could walk, I've always enjoyed the physical world, how things move and operate and break in the world and really enable new ideas, new opportunities. I also have a business degree as well to put that technical knowledge to use from a corporate perspective. I started my career very traditional at Ford Motor Company turning plants around, running lean manufacturing over in France. Also spent time in Germany, but really enjoyed the growth and the transformation that I saw as we were putting in lean manufacturing. After my MBA, I went to Honeywell and I was able to take a business that was a basket of goods not making money and architected a strategy, got a team in place to go run with it, and we took the market number one and number two in every segment we served, and that was a thrilling ride. I decided I wanted to see the world of software, so went to Google. I was very fortunate to be one of the first people in Google hardware, which is consumer devices. Very similar to the end markets we have at Ensurge. We scaled that team beyond belief within a very short period of time, launching the Pixel Phone, Google Home Mini, Google Home Max, Pixelbook, and other products for the consumer market. A lot of fun. Then also did some embedded software programs with Google as well. Also, I'm very fortunate to serve on a New York Stock Exchange listed company that's now Fortune 124 called Lithia & Driveway. We've tripled the revenue during the six years I've been on the board, and it's a testament to an incredible management team and a supportive board. As a CEO, in 2020, I became a CEO for the first time and I transformed a small company in a very crowded marketplace and paved a way to an accretive, accretive sale all within a short period of time in 18 months. I've also, though, had to deal with some pretty challenging situations. Life isn't always up and to the right. I've had to tackle major governance issues and major operational issues, as I did at Northvolt, being very decisive about shareholder return and doing what was right for shareholders. I've seen both the good side of business and the upside and growth, but I've also tackled major challenges. I'm not afraid of tackling additional challenges. Why Ensurge? Why did I come to Ensurge? First and foremost, I live in Silicon Valley. AI is everywhere. AI is changing our lives. How does AI then relate to hardware? I ask any of you who has a smartwatch, who has a smart ring, who might have some technology that helps them with their day to day. All of these need batteries, all of these are miniaturizing, and they're all becoming smarter. This is the next phase of hardware development. It's smaller, it's more intelligent, and it serves a great purpose for humankind. The market tailwind is there and Ensurge is smack dab in the middle. That is what's so exciting. The second, though, we have not just a breakthrough technology, but a capital efficient jumpstart, step change, improvement to today's technology. Those companies that are doing lithium ion, even small lithium ion, they're on a different platform than solid-state. Solid-state is a new paradigm when it comes to volumetric energy density and safety. You think about batteries and you think of safety, those two words don't go together today, but with solid-state they do. The technology platform is truly, truly impressive and very exciting. Lastly, I have to say the team that I've gotten to know for the past six weeks in San Jose, they're hardworking and they are world class. We have a technology team that honestly is some of the, are some of the brightest people I've ever worked with. Now I'm excited to build a business with them and build it around them. We not just have technology, but we have a strong manufacturing base, go to market and all the other components of building a business. My framework for Ensurge, and I just ask to take a step back here because perhaps there are a lot of words on this page, but essentially there are three paths to production, to sustainable business growth. The first is about the product and developing the product. One major reason why I was compelled to Ensurge is that the physics, the fundamental physics, the platform itself is proven. Right now the company is focused on engineering and this is the incremental improvement that needs to be done to build a high quality, robust, repeatable product. Doing that on our pilot facility in San Jose takes time and effort and a lot of repeat work. I'm excited to see the progress we've made in only my six weeks on the job. I'm excited for what's to come there. These are early days and this is why these things take time. However, focusing on the specific things that matter, getting products in customers' hands has been, I think, already a breakthrough for the team. Secondly, because of the partners. This is a core. Partners are the core tenet of how we're going to be able to go to market. Working with partners, helping them envision their product goals. They have an opportunity to develop new products thanks to our products. We can make batteries smaller, we can make watches smaller, rings smaller, eyeglasses smaller. We can do so much with small batteries and it's with partners. I'm excited to be building these partnerships across a number of different end verticals and working with sourcing partners as well along the way. Lastly, this is where the investor base comes in. It's the fundraising, it's the capital that's required. The financial capital allows us as business builders to hire the right people. That's what I'm excited to do as a next step in Ensurge. It really does take a strong investor base. I appreciate your patience as you've worked with Ensurge over the years. I'm really excited for what's to come and I hope to have your continued support. In sum, my priorities for Ensurge and the three pillars that I'm like a drumbeat every day, it's that we deliver, we must deliver. We must deliver products to customers' hands and the feedback we're already getting from customers is really exciting. Being able to build on that momentum, high quality, repeatable product delivering builds trust. We're selling into enterprises. These companies are complex and large. Building trust with every delivery and every meeting we have builds that relationship. That's what's going to get us to that higher ground. Positioning ourselves, we have an opportunity to be positioned in a market that is growing extremely quickly and being on a platform that very few others, if any, have with that solid-state battery platform. The positioning is ripe for the taking. I'm excited to establish more about our market leadership, showcase the team, showcase our technology, and showcase our milestones and our achievements. Those are coming and I'm excited for that. Lastly, we need to fund, we need to fund our growth. We have a growth opportunity ahead and it takes funding. For that, I'm excited to engage with you as investors. I'm here in Oslo for the week, meeting with our investors from large to small, really excited about getting to know investors and building these relationships to help us scale for the next few years. From a product strategy perspective, I see this very simply. I like keeping things simple and I see this as a good, better, best strategy. Our good product is our 75-micron battery. It's a very good product. It's what we can seed the market today, get in front of customers' hands, it's already available and it has very good energy density behavior and it offers other performance criteria, other performance opportunities that today's lithium-ion batteries cannot do. That battery itself, just the good battery alone, has a market opportunity unto itself. The better battery, our launch product, is really the 10-micron. That is where we get step change improvements in volumetric energy density while preserving the safety of the solid-state platform. That 10-micron, the volumetric energy density we get with that is market leading. It completely changes the game for our final customers. The best is aspirational. This is where we go to the leading companies of the world that are developing AI products, and we aim to get on their platforms because we are game changing the battery world. This is a step change improvement. This is where we have a budding relationship. I'm excited to be able to share more with you at the right time. This one is a breakthrough in terms of performance, and it enables new consumer products, new health care products, new industrial products, etc. That one is going to be exciting. All three of these, however, have market relevance and an interesting product market fit. Wrapping up, the opportunity here is massive. We're in the middle of the AI, we're in the beginning of the AI boom. AI is changing the world. As I said in the very beginning, it changes hardware, it changes how consumers interact with their devices. To be able to be at the heart of that market opportunity at the right moment in time, it's ours for the taking. All of these AI devices need miniaturization. That's exactly where we play. The second really interesting opportunity here is to be in the United States right now because I started my career in manufacturing, but I had to go overseas to be in manufacturing. Now I could do it in my backyard, right in California, right in the Bay Area. We have our pilot facility, and we have an opportunity to build out manufacturing in the United States. To be a scalable platform and already have that opportunity to scale locally is quite exciting. It's an opportunity, I would say, for future growth because the platform is inherently scalable. Lastly, our foundation is there. Now it's time to build. The foundation of technology is there. We have an opportunity to now take the market. These battery projects do take a while. You look at QuantumScape, they're worth $10 billion today, plus or minus. They've been doing it for 15 years. This team and Ensurge, the company's been around for quite a while, but in terms of batteries, the company's been focused on batteries for about five years. The amount of progress that the company's made in a very relatively short period of time, I think is quite impressive. If you think about the world of solid-state and you compare ourselves to QuantumScape at $10 billion plus or minus and we're at about $100 million, plus or minus, you start to wonder, where is the opportunity? We serve markets that have tailwind, that are driven by customer demand. They're not driven by government regulation or government incentives. We have a technology platform that is a leapfrog improvement to today's technology platform, and we're doing it in a location that is now really paying. I could not be more excited about being where I am today. I'm so excited to be part of a truly impressive team. Now I'm ready to go build a business. I really am looking forward to you joining me and helping me do that. My email is there. I offer for you to reach out, and I look forward to answering any of your questions. Okay, it appears we have no questions yet. Okay. Just wait a minute or two. Great. If they don't come in, I think we'll wrap it up. Okay. Sounds good. Certainly, don't be shy. I'm not shy. I look forward to engaging the investor base and very excited for what's to come at Ensurge. If I leave you with one thing, and that is, you know, AI is increasingly at the edge. Microbatteries are at the core. Thank you very much.