Good afternoon, welcome to the Technology Sector Investment Webinar brought to you by Webull's Corporate Connect service. Today, we will be hearing from three innovative companies within the sector. First, we will hear from Chairman, President, and CEO of Kopin Corporation, Michael Murray, then from Chief Strategy Officer at Toyo, Rhone Resch, lastly from President and CEO of Innovative Eyewear, Harrison Gross. Each company will present for approximately 15 minutes, followed by a brief Q&A. Please submit your questions at any time through the Q&A portal located at the bottom of your screen. Before we begin, please note that Webull was not involved in the preparation of any materials, this is not a research recommendation, solicitation, or endorsement of any kind. No investor should rely solely on the information provided in making a decision to invest. Onto the presentation. To start, we will hear from Kopin Corporation, trading on the Nasdaq under ticker K-O-P-N, a leading developer and provider of innovative display and application-specific optical solutions sold as critical components and sub-assemblies for defense, enterprise, professional and consumer products. The company's product portfolio encompasses microdisplays, display modules, eyepiece assemblies, image projection models, various head-mounted and vehicle-mounted display systems. Now I will turn it over to Michael Murray, Chairman, President, and CEO. You can share your screen now. Wonderful. I hope you can see the screen and the slides. Thumbs up. Wonderful. Thank you very much for having us back. I'm very pleased to be back and speaking with all of you folks today. I'm going to cover mainly how we're traversing the scaling of artificial intelligence here at Kopin, what's driving exponential increases in data movement, power consumption, and system complexity. As AI GPU clusters, the size of them into the hundreds of thousands of racks and densities, they start to exceed over 100 kilowatt per hour in terms of power consumption for electrical interconnects. I'm going to talk about why that's important to you, why that's important to society, more specifically, why it's important to Kopin and our largest customer, which is the Department of Defense. We'll jump right into who Kopin is. This slide is dated because we have not announced our earnings as yet. Earnings come out in mid-August, look for that press release shortly. Right now, as we sit here, the last time I did this presentation, the company had no debt. We have no warrants on the balance sheet. We had around $68 million in cash on the balance sheet at that point in time, as you can see in the dates below, roughly around 153 employees. Currently, we're adding employees. We just announced a data center design center in Dallas, Texas. The reason we're developing that center of excellence is a lot of the engineers that we're looking for in terms of system optics and design happen to be in the Dallas area from back in the dot-com days. Big expansion for us there. I'm going to talk a little bit about our display portfolio just for a moment to give you the reason why Kopin is very unique in this industry, the why behind why we're being successful in AI infrastructure, and that's really about our capability of building a microdisplay. A microdisplay is 2 inches and below as an example and size. It's basically the same as the TV that you're looking at right now, only the size about your thumb. Very intricate, hard to manufacture, and in one case, like our microLED, our monochrome microLED, which is currently flying in an aircraft as well as in some other applications like medical as an example, we have over 16 million individual LEDs on a 1-inch diameter chip. That's very difficult to do. We'll talk about that. Before I do, I want to talk about the natural pivot that happens between defense companies into industrial and consumer. Back in the 1980s, as an example, many of the technologies like ARPANET, which became the Internet, as an example, came out of defense. This is no different. This technology is coming out of the Department of Defense and what's called an Industrial Base Analysis and Sustainment Act. That technology is being born and delivered to and from the government through Kopin. That same technology and production line that I'm going to talk about today is the same technology and production line that's going to produce our AI chipset. Okay? From there, a recap. We've been focused on a color microLED technology for a major program called Soldier Borne Mission Command, which is currently being competed with a company called Anduril, Palmer Luckey's team, a company called Palantir Rivet, and Elbit Systems out of the U.S. The Army has chosen Kopin and one other company to develop a color microLED for that application. The reason why is very important. All the prototypes in this system will be potentially OLEDs, but for daytime readability, for symbology being color, you need a very bright microdisplay, and OLEDs just are not bright enough for daytime use. That's why the U.S. government is funding Kopin to develop this technology for them. The reason why is very important. China already has it, therefore, they can see us before we see them, and that's a very bad day for our soldiers. Okay? That same technology, that color microLED that we're developing, the same on the basis of our monochrome microLED, allows us to place over 16 million pixels on a 1-inch chip. That is a tremendous amount of capability. Think about 16 million lanes of a highway when you start thinking about data transfer. 16 million lanes all traveling around, maybe a gigahertz, as an example. That is very fast. That's a big bandwidth opportunity to transmit data over a microLED as opposed to a laser or copper SerDes. We'll talk about that in a moment. We received a $15 million order from our friends over at Fabric.AI. I think they trade under FABC, if you want to take a look at their stock. This is a technology development that we're partnered on with them, we're developing a 1.6 terabit transceiver with them right now to provide the hyperscaler market, Cobham will be focused on the US DoD market. One production line, the production line that we're being funded by the U.S. Department of Defense and the Industrial Base Analysis and Sustainment Act, actually provides two massive markets for Cobham. Firstly, the defense market and our color MicroLEDs. That's well over $1 billion just in the United States Army alone. Massive opportunity. Reason being is this technology will go into the Soldier Borne Mission Command helmet. It will also go into programs like thermal weapon sites, which we currently build, which is LCD-based. It will also go into technologies like heads-up displays and rotary wing and fixed wing helmets, for fighter pilots as well. One day it'll likely get into first-person viewers for drones, it's a little too expensive for that application, we're going to use our OLED deposition line for that. That same production line based here in the U.S. will also provide us a 1.6 terabit per second transceiver, which was code-named Shasta. That's now our NeuralIO product line, we have some exciting additions to this product line. I was thinking about presenting them today, not really ready for prime time just yet, look for more updates from Cobham and Fabric.AI on our roadmap and new products coming out very, very soon. Why MicroLEDs in AI data centers? I get this question all over the place. Is this the Holy Grail? In some ways it is, but copper's not going away. Companies like Credo have built a tremendous business providing copper SerDes to folks like Nvidia and Marvell, et cetera. Copper, in terms of SerDes, has been around since I was in high school engineering electronics. It has not changed. It's basically tapping out in terms of its speed per lane and the amount of lanes that you have. Therefore, the whiz bang kids decided to come up with lasers. Let's use lasers in a data center and transmit data, we get rid of the bandwidth issues. The problem that that then creates, though, however, is lasers chew up a tremendous amount of power. Their MTBF is quite long, unfortunately, they also have a tremendous amount of size, weight, and power consumption that they need to go through, which adds more water to a data center. Therefore, MicroLED optics is a very good alternative to those two technologies. When we think about this in an energy per bit type of approach, a MicroLED at 1 watt or 2 watts will be less than 1 picojoule of power per bit, that is tremendous power savings for the average data center, in a hyperscaler. We'll talk about that in a second. NeuralIO versus lasers. Again, CMOS compatible, very, very small MicroLEDs can get into a 1-by-1 millimeter package in a transmit only configuration, still transmit data well above 1.6 terabits where Nvidia's GPUs want to play and operate. When we think about then copper essentially is being driven too hard as we speak. It actually looks like individual lines of a toaster. If you actually look at your toaster when it's toasting your bread, it has copper lines that heat up really red. That's essentially what it looks like in a data center. Why? They have to cool everything with water. These SerDes are running far too fast, and creating excessive amounts of heat, and also now are creating an issue with safety and power consumption, of course. When we think about NeuralIO for defense, as an example, the Department of Defense needs to move AI closer to the battlefield, as close as humanly possible. Therefore, you can't have trucks with batteries going with you to put a micro data center close to the battlefield, as an example. Nor can you wait for data to be bounced off of a satellite. This is an article that just came out from military.com at the bottom here. It's free, you can take a look at it. The Pentagon plans to initiate AI data centers at military bases across multiple branches all over the world. Here's the interesting thing. You cannot provide chips to the Department of Defense that are built in China or even Taiwan. They have to be built here in the U.S. If they're going to be built here in the U.S., they're more than likely going to be built on our production line since, A, the government paid for it, B, we're the only ones, in my knowledge, that can do the level of bandwidth that is required, and C, we actually have the pedigree and providence of being able to build this technology for the aircraft industry, as an example, rotary wing aircraft as an example, and certainly things like Soldier Borne Mission Command, thermal weapon sites, et cetera. We have the pedigree to build these chips for the Department of Defense, and we have the production line to do it. Saving 17-20 kilowatts per GPU rack enables the Department of Defense to bring AI closer to the battlefield. AI gets closer to the battlefield, better decisions, quicker decisions, more people come home safe from our troops and our allies, and that's what Cobham's all about. NeuralIO, what is it in reality? It's a system on a chip. When we think about what a SerDes is, a copper SerDes, it's a transmitter and it's a receiver. What we're doing is basically creating that capability all within one chip. That one chip is very much focused on two applications, potentially a third. The first application is chip-to-chip communication, because GPUs need to talk to each other, and right now, Nvidia's already blown apart Moore's Law, and they're transmitting and crunching data well above 1.6 terabits. In fact, they want to go to 3.2 terabits as quickly as humanly possible, and I think Cobham can get there just as fast as they can. You also need to receive data. That receiver is something that we've been working on. We'll probably partner on this side of the technology. The receivers are actually not the issue. The receive side of this technology has been developed for many years because of cell phones. The camera that you have in your cell phone is a receiver. It's a photodiode. It's the transmit that everyone's struggling with. The transmitter is the diode, the LED that we do better than anybody else in the world. That's our core competency. Putting those two things together is basically a Neural I/o chipset. One of the key aspects of this technology that I think the industry is getting wrong is our chipset is programmable. The reason why that's so important is brownfield and greenfield applications. As Nvidia comes out with their next generation of chipset, their old generations of chipset still need to operate in the Department of Defense, as an example, or even old hyperscalers. New chipsets from folks like AMD and Intel, who's got a wonderful product line, we'll be programming those interfaces into our chip, so we can talk to a legacy X86 Intel chipset as an example, transmit that information via light to a new Nvidia chipset also using a MicroLED. That is a key differentiator specifically for Cobham, and we already have that in production today. This is why we're doing what we're doing. Cobham isn't changing as a company. We're just doing more with what we have. It's one production line, two different markets, two different products, but a massive opportunity from a market standpoint. These are billion-dollar markets, as you saw earlier. We're being very successful thus far with customers really interested in working on this technology with us because we are the leader in MicroLEDs. I mentioned a little bit about manufacturing. We have all the CapEx we need. We have all the space we need. The production line's going in as we speak right now, here in Westborough, Massachusetts, along with our OLED production line, which we'll be using for our first-person viewer drone headsets, which we're being very successful with recently in the Drone Dominance Competition. That'll be based here in Westborough. Weston, we are expanding slightly as well. Daugherty Bay is also doing some back-end processing for MicroLED and OLEDs as well. The footprint's fine. Our CapEx is fine. We're not going to spend any more money on CapEx. We're actually going to grow into it. The team is very focused on delivering this technology and bringing Cobham to profitability, and providing unexpected results. I think we're going to have a great year this year and an even better next year. With that, I'll pause and take any questions that I can. Great. Thank you, Michael. Very exciting times for Cobham. I see that you did receive a few questions at the bottom of your screen that you can find. Please read the question aloud before answering. Sure. "The Fabric.AI partnership has a lot of excitement." Yes, it should. "What technical commercial milestones should we watch over the next 12 months, and what would demonstrate this opportunity as becoming a meaningful business rather than an R&D project?" Great question, David. A couple of things. Firstly, we just had our first design review with Fabric.AI. It went exceptionally well. You're going to see us line up partners for each of those technology blocks that I talked about recently. We'll announce some of those, not all of them. Some of them we want to keep in our back pocket for strategic reasons. I think you're going to have a major update very soon, this summer, and then we have another major update in November. I do believe we are on track. This is not confirming it, I do believe we are on track to present this technology and demonstrate this technology at CES, which was always our goal. We have several customer demonstrations that are already planned as well with Fabric.AI. Very exciting to work with them. They are staffing currently, as we are as well. I think you'll see some more announcements from both companies soon. Next question. "You've mentioned AI optical interconnects as potentially a massive market. What unique capability does Cobham possess that larger semiconductor companies cannot easily replicate?" Great question. About 5 years of experience, $50 million or so of investment, and understanding how to put a MicroLED into the world's worst environment. This is a very good question for one non-obvious question or non-obvious reason. Building a MicroLED is one thing. Building a MicroLED that lasts for 10 years in a data center is a completely different thing that most companies haven't taken consideration of. When I talk to customers, I say, "Well, how are you going to make sure that your data center doesn't go down after year 7? How are you going to test for that?" The blank stares tell me a lot. With Cobham being a military developer and supplier, we have to test and support our products for at least a decade because they fly an aircraft for that long. Many companies are more focused on consumer type of electronics, building in China, as an example, or even Taiwan. The U.S. government will not allow those chips into their data centers, period. Full stop That creates a great moat for Kopin, number one. Number two, we have our own production line, which they don't have. Number three, we've been doing it for 5 years, and it's really hard to do. You can look this up. Apple spent over $1 billion trying to perfect their MicroLED and failed. Meta spent $2 billion and failed. Plessey got bought by a Chinese manufacturer, and they still struggle with their MicroLEDs. This is not an easy technology to bring to bear. That's why Nvidia spent over $6 billion in multiple different companies, because they know some of them will fail to build this technology. Great question. Next question. What would you say are two or three accomplishments that would make you say Kopin had an exceptional year? I would say, A, tune into our earnings call in mid-August. Secondly, I think, seeing the level of customer activity that we're enjoying and experiencing right now is a great accomplishment, seeing that we're attracting fantastic talent. Obviously, we're also bringing up our institutional ownership in the stock. It's now sitting around 60% institutional owned. When I joined the company, it was in the 30s. That should give some confidence that we're going in the right direction. Lastly, the United States Department of Defense likes what we're doing. They're investing in Kopin, they're giving us new contracts, and I think that's a very exciting time for all of us. With that, I'll leave it here. Yeah. Great. That's all the time we have for questions. Michael, thank you again for your presentation and time today. Wonderful. Thank you all very much, and I really appreciate the time. For more information on ticker KOPN, please visit their Corporate Connect page on the app. Next, we'll hear from Toyo Solar, ticker TOYO, a Nasdaq-listed company. Toyo Solar operates one of the world's largest non-FEOC solar cell and module platforms. Toyo's vision is to be the only manufacturer in the United States producing wafers, cells, and modules in an integrated onshore platform using American polysilicon, American workers, and the highest efficiency solar technology commercially available today. Now I'd like to introduce Chief Strategy Officer, Rhone Resch. Please go ahead and share your screen. Great. Thanks for having me. My apologies, I don't think my camera's working, but that's okay. You can see my face when I get to the slide that shows the leadership on the team. Thanks for having me today. I wanted to introduce Toyo. As you mentioned, it's one of the largest non-FEOC manufacturers of solar cells and modules in the world. As you can see in this slide, Toyo at a glance, we are a very successful company. In Q1 of this year, we had about $143 million in revenue. We shipped about 1.5 gigawatts of cells globally in the first quarter. We have our capacity for manufacturing cells located in Vietnam with 2 gigawatts and Ethiopia with 4 gigawatts. That is all TOPCon solar cells, and we have 2 gigawatts of module capacity in Houston. What's unique about Toyo, though, is we are a headquartered company in Japan. We have just really advanced engineering and very sophisticated technology. We're listed on the Nasdaq, and as a company, we're very focused on being structured, and being FEOC compliant. What that means specifically is we are compliant with all the U.S. requirements for being non-Foreign Entity of Concern. As everybody knows, policy really drives the solar industry in large part, and much of it's focused in and around trade and de-risking the supply chain away from China. What I love about Toyo is we've made a very concerted effort from day one to ensure that we are de-risking our supply chain, that we're manufacturing in friendly countries, and then we're onshoring our manufacturing here to the U.S. One of the other things that really is important about Toyo is that we have had rapid growth over the last couple of years, and we are profitable. When you look across the younger solar company platform of who you can invest in, there's very few, if any, that are actually profitable, and I'll go through some numbers in a minute that really elevate that. That's in large part because we are establishing some long-established relationships in the U.S. with utility scale customers. We're focusing on those large scale assets that are in the U.S. that are building out rapidly, that are supporting data centers, that are supporting utilities, just bringing more power to the grid. The reason why ultimately why we're so successful from a financial perspective is that we are able to deliver world-class technology at a highly competitive cost. The reason why is we use just advanced engineering, we use advanced technology to do our manufacturing, and we have really the most advanced solar cells on the marketplace today. When we talk about building new factories, it's not always that easy of just buying the equipment, installing it, pressing a button, and having it operate. It's actually the fact that you need to have that skill and ability to have designed, built, and ramped a solar cell or a solar module factory in the past. A lot of the startups or companies that don't have that kind of solar experience really end up struggling, frankly, to be able to ramp and to be successful. Toyo, however, does not. Of course, the other piece is we're very entrepreneurial. We're rapidly expanding our manufacturing footprint to meet the customer demands throughout the United States with a product that the customer is looking for. Again, non-FEOC using U.S. and Western polysilicon, and delivering a product that's manufactured in the United States. Let me go through some of the growth that we've seen in the last couple of years, because I think it's a really exciting story. On the left, we see just growth of solar cell shipments. We went from about 300 megawatts in 2023 to this year, we'll do about 5.5 to 5.8 gigawatts. Truly an order of magnitude growth just in a couple of years. With respect to solar modules, we're seeing that same type of growth, where last year our factory in Texas came online. In fact, it's the picture up here that you should be able to see my face, but that's the picture behind me. That is the Houston factory. It's 567,000 sq ft. We have two gigawatts online there now. We just added a second gigawatt. You can see the growth of module shipments there from 250 megawatts last year to we'll be doing somewhere between 1.1 and 1.3 gigawatts this year of solar module shipments. Then finally, look at the revenue growth. Again, truly spectacular, going from JPY 62 million in 2023 to JPY 427 million last year and just having a spectacular first quarter with about JPY 143 million in revenue. What's key about this is that we're able to transfer that into profitability. What you see here, of course, net income on the left side, having very strong 2024, 2025, and off to a great start in 2026 with almost JPY 30 million of net income. With respect to our adjusted non-GAAP net income, you can see the growth here again from 2024, JPY 6 million to JPY 52 million last year to an estimated between JPY 90 million and JPY 100 million. There's very few companies out there in the solar space that can show it. Again, when we go back to the thesis of why we are profitable, it's excellent engineering, it's advanced manufacturing, it's producing a product that the customer wants, and being very policy forward in ensuring that we do that. By policy forward, this is a strategy that we laid out really from the beginning, and it's end-to-end FEOC compliance. I know it's a mouthful, but with respect to the policy requirements, it's all about de-risking your supply chain. It's removing China specifically from the supply chain. All of our polysilicon comes from the United States, or it comes from OCI, which is a manufacturer in Malaysia. They're a Korean company. Our ingots and wafers are all non-FEOC sourced. Again, right now, China produces about 96% of the wafers in the world. Moving away from China is not an easy thing to do. If you were a first mover, you could find those sources, and we were quite successful in doing that. Of course, we're in the process of expanding a U.S. bill of materials, trying to make sure that we can get all of those supplies of ingots and wafers here in the United States. Our cells, as I mentioned, we have a two gigawatt in Vietnam, four gigawatt in Ethiopia. We actually are under construction of a 1.5 gigawatt plant co-located at this facility in Houston, and it's a HJT plant, which I'll talk about in just a minute. Our modules are manufactured in this facility here in Houston, two gigawatts of capacity, of course, our customers are utility scale developers. What's key about being non-FEOC is in order for them to use the tax credits fully, they need to have a supply chain that they can prove to the IRS that they are reducing or have a specifically limited amount of Chinese supplied material. It doesn't have to come from China. It's Chinese owned, it's PFE owned product that ultimately allows them to use that 30% tax credit. If they can't get it, their projects are often uneconomic. They are looking for companies like Toyo all the time. This gives you a little bit of our strategy, how rapidly we've grown with respect to building out our capacity in Vietnam, Ethiopia, and now the United States. This shows you our facility in Ethiopia. It's state-of-the-art. This is a facility that takes a raw wafer and does full processing of that wafer into a cell. The entire p-n junction is created at this facility. It is state-of-the-art. We were able to put this facility up in about eight months. Really world-class construction, fantastic equipment and engineering, and it's operating actually a little bit above four gigawatts in capacity. Here's the facility in Houston. Again, we have two gigawatts on site. What's great about that facility is it is eligible for the Section 45 tax credits through 2032, which is a $0.07 per watt incentive. For every watt you produce, you're getting $0.07 as a tax credit that you can either take as direct pay or sell into the marketplace. When we're up and fully operating at two gigawatts, that's about $140 million a year just in those incentives alone. This is also where we're co-locating the HJT plant. The HJT plant is going to be 1.5 gigawatts, which is a very large plant in the United States. That will be eligible for $0.04 per watt Section 48 tax credit. Now, what's important to note about Toyo is we didn't build in the United States to take advantage of a tax credit, and there's a lot of companies out there who did. Our entire business model is successful without any of these policies that I'm describing to you. In fact, in our forecast, we do not include the Section 45X tax credits in our revenue forecast. Because we wanted to show that as a company, we are not dependent upon policy. If the policies are in place, there's a significant upside for a company like Toyo, who again is onshoring manufacturing here into the United States. One of the questions that we often get is why HJT? HJT, Heterojunction Technology, is really the highest efficiency cell technology available today on the marketplace. It's about 25% efficient cell. It's basically two layers of amorphous silicon on top of and below a crystalline silicon cell. It's just got a higher performance, not just in efficiency, but it's got better temperature coefficient. It's got better bifaciality. It's really the technology that the utility scale developers want today, and there's very few manufacturers of HJT. Perhaps more important is that HJT cells become the sub-layer for perovskite tandem solar cells in the future. What we're developing today is the solar cell that our customers want, but it's also future-proof. It's the technology that we will be able to apply perovskite onto and then achieve a 30% efficient cell, or potentially even higher. This just gives you a little sense of what that facility is. It's a $357 million total investment. This one will take us about 20 months construction time, so we'll have it online by the end of 2027 and the beginning of 2028. Again, it's really world-class, and we'll have more than 400 different people working there just on the cell line. This gives you a little bit of our global footprint. We truly are global, but everything is focused on the United States and onshoring into the U.S. This is our global leadership team. We have Takahiko Onozuka, who is our CEO, myself as chief strategy officer, and Dr. Wang, who is our chief technology officer out of Australia, who truly is one of the world-class researchers in cell technology around the world. Again, the one thing I want to emphasize is our ability to execute. It's not just saying we're going to build a plant, but it's actually installing the equipment, ramping the equipment, and then successfully and efficiently running the cell factory. It's how we have done it over and over at these facilities because we're using advanced engineering. It's Japanese engineering. It's people who've worked in the industry for decades and have a track record of success. The one piece I want to point out here is a little bit of the opportunity that we have as a company. What has happened in the United States, if you look at the bottom right, that far bar chart, that is the volume of module manufacturing capacity, right? Those are the companies who are manufacturing solar panels who need solar cells. They're not producing cells here. They're just buying cells from someplace else. That next bar to it that says 28.5, that is the total amount of cells that are either currently built, capacity or the capacity we're building today. There's a gap of about 50 gigawatts of cells, this is by 2027, that will exist that needs to be supplied in the U.S. We're going to be manufacturing in the U.S. and providing some of those cells into this marketplace, but we're also bringing 4 gigawatts from our facility in Ethiopia. The key piece is you can bring them in if you're non-FEOC. You can bring them in if you don't have Chinese polysilicon. You can bring them in if you don't have Chinese wafers. That whole supply of Ethiopian product will be coming into the United States to help meet that gap. Huge price premium, as you can imagine, specifically for those types of products. I want to start to wrap up with just some financial summary. Again, in Q1 of 2025, we did about $50 million in revenue. This year we did $143 million. Our gross profits last year for the first quarter were $4.8 million. This year, they were $47.8 million. Our operating expenses doubled from 6.1 to 11.5. More importantly, our net income went from a negative $3.7 million to $28.4 million. As you can see, our earnings per share went from negative to positive. Why invest in solar and in Toyo specifically? Again, we're large scale. We're non-FEOC. We're a solar cell manufacturer, but now we're also doing modules here in the United States, and we're onshoring our domestic cell manufacturing. That is advanced technology with heterojunction. That really is, again, I think, future-proof us going forward. We have an 82% shipment compound annual growth rate year after year. We expect that to continue to grow, and we have a very strong vision in the United States of continuing to build out that capacity. Finally, of course, we're profitable, but that is continuing to improve over time, and we're expected to have a very strong year this year. I'll stop there and see if there are any questions. Thanks, Rhone. Very exciting updates. It looks like you did receive a few questions that you can find at the bottom of your screen. Please read the question aloud before answering. I actually don't see them. There's a Q&A button at the bottom of your Zoom screen. Bear with me here. Can you read them, Harrison? I do not see them here. Yeah. What is the current backlog on production? How hard is it to get the necessary materials at this time when China has reduced supply to the U.S.? Yeah, great question. We are sold out through this year and into next year. As a company, we try to maintain a strategy of not being fully sold out because there's a great spot market, and we feel strongly that prices are going to continue to increase. With respect to the supplies coming from China, we don't buy any supplies from China. There's maybe a few pieces like back sheets or some other smaller components that come in for the modules. For the vast majority of our materials that we're using to manufacture our solar panels, we're either getting them in the U.S., we're bringing them in from other countries that are non-China related. With respect to the manufacturing equipment itself, we've already secured the HJT tool set, which is fantastic. We were early mover before the Chinese government started to put restrictions on selling manufacturing equipment into the U.S., we have that facility secured. Thanks. As Chief Strategy Officer, I am curious what opportunities do you think investors underestimate most about Toyo today? I think people are kind of thinking about the overhanging cloud of policy uncertainty and the Section 232, not realizing the way we have structured the company specifically by being non-FEOC. I live in Washington, D.C., we have a very close relationship with the leadership in this administration, we have been working with them very closely on specifically the Section 232 to ensure they understand who Toyo is, both as a company, the fact that we are onshoring significant manufacturing here to the United States, and that our facility in Ethiopia is completely FEOC compliant. I think a lot of people think, "It is a foreign company. They manufacture in Ethiopia. This 232 cloud is hanging out there," without really looking under the hood to realize how sophisticated we are from a policy perspective, and how that really drives markets in the United States. Another one here. I work upstream in polysilicon manufacturing. Looking five to 10 years ahead, where do you expect the greatest gains in solar performance to come from? Improvements in polysilicon quality, wafer technology, cell architecture, or manufacturing processes? Also, as your manufacturing scales, what becomes more difficult? Maintaining product quality, reducing costs, or increasing throughput? How do you balance those trade-offs? Wow. Great question. It is a little bit of everything, right? Polysilicon quality, cell design, certainly wafer quality. Right now the wafer is pretty good, but they are all imported. There is no manufacturing of wafers here in the United States, I think you are going to see that change in the next couple of years. I think the biggest change is going to be just in the cell type. We are moving to HJT specifically because it is higher efficiency today and all of those other improvements in polysilicon or in wafer design we will be able to employ, but we are also able to add perovskites to HJT and maximize the efficiency. If our cells are 25% efficient today with HJT, when you add perovskites and you put them into a solar panel, now you are talking 30%-32% efficient. That is really a step gain in the long run. From our perspective, the biggest gain is going to be in that cell technology, but certainly continuing to improve those other subcomponents. Great. We have time for one more. NMG asks, I'm new to the story. Who is your main competitor now, and what is the key differential between Toyo and them? Yeah. It's kind of interesting. We're a little bit different than most of the other companies out there. I'd say our main competitor, for example, is a tier 1 in the sense of a newish company manufacturing in the U.S., but already manufacturing our own cells. They're starting to ramp their own cell facility here in the U.S., or at least build it. Other competitors that we have directly are other domestic manufacturers of solar panels using either domestic cells or foreign cells. It would be Qcells. Qcells is a Korean company. They manufacture in Georgia. They're good, but their cell technology is not nearly as efficient as ours. They tend to do Mono PERC where we're doing TOPCon today and we're doing HJT in the future. Then another company that you probably have heard about is Suniva. Suniva is really doing previous technology. It's called Mono PERC. They bought a facility from China and brought it over to the U.S., and they're making Mono PERC, which is even lower efficiency. The demand is so high right now in the U.S. for domestic modules that everybody is doing okay. The truth of the matter is, you want to be the highest efficiency cell so you can get the best price and have the greatest efficiency with respect to manufacturing, and that's something that we've been able to execute on time and time again. Great. That wraps up our Q&A. Rhone, thank you again for your time and presentation. Thank you for having me. For more information on ticker TOYO, please visit their Corporate Connect page on the app. Lastly, we will hear from Innovative Eyewear, ticker LUCY, a developer and manufacturer of cutting-edge ChatGPT-enabled smart eyewear under the Lucyd Armor, Reebok, Nautica, and Eddie Bauer brands. I'd like to introduce President and CEO, Harrison Gross. Hey, folks. Thanks everyone for coming to my presentation today. Looking forward to giving you all the latest information on our company. Our mission is to upgrade the world's eyewear by adding useful technology features to comfortable prescription-ready glasses, and we really see smart eyewear as a gateway into the coming AI revolution. Let me get my presentation up and we'll get started. Hopefully a little bit of background on our company. We produce more styles of smart eyewear than any other U.S. company. This is necessary to address the very different needs of different segments of the eyewear market. The overall U.S. eyewear market is much bigger than you think. It's a $70 billion market covering eyeglasses, sunglasses, and eye care. We are bringing its first serious digital transformation of the twenty-first century by introducing smart glasses that look and feel like normal eyewear, but allow you to stay connected to your digital life seamlessly and safely, and now also access the world's most powerful LLMs through your glasses to literally make you smarter with your eyewear. A little bit of background. We actually started the company with crowdfunding back in 2017, a little bit before the current entity started. We have about nine years of experience in smart eyewear. Overall, collectively, our team has over 100 years of optical industry experience and 100 years of audio and engineering experience. We have a lot of different types of design chops that come together to make market-leading smart glasses. It's very high barrier of entry to the smart glass market. Not only do you need a ton of IP, we have access to a lot of the critical patents necessary to sell smart eyewear in the U.S., but you also do need a very varied and capable team that has a lot of different backgrounds in AI, optics, traditional engineering, audio engineering, to come together to make a great pair of smart glasses. That's the team that we have assembled in Miami, Florida, and we're fully devoted to making the best possible smart eyewear. Just a quick look at the product advantages of our smart eyewear over traditional glasses. Not only do we have the vision correction and protection of traditional eyewear, but we also have access to AI. We have access to music, high-quality speakers. You can take your phone calls hands-free from the glasses. We also have translation and Walkie features through the Lucyd app. Really, the glasses are doing a whole lot more for you in the same package as traditional eyewear. What really makes it disruptive is we're doing it all at the same price as regular eyewear. All of our frames cost between JPY 150 and JPY 250. We're really price-matching the traditional eyewear industry and offering so much more value to the consumer. Imagine you go to get your next pair of glasses and you get a free pair of AirPods with it and free access to ChatGPT, Gemini, and Claude all through your eyewear at the same cost as any regular frame. We've eliminated essentially all the cost of switching from traditional eyewear to smart eyewear. A couple of key features. We introduced the first voice interface for ChatGPT ever back in 2023, six months after GPT came out. We made it voice accessible through not only our glasses, but through all wearables through our custom Siri integration. We also have just recently launched our Claude integration as well. We're the first multi-AI glasses that really allow you to tap into the biggest LLMs. This is done through Siri or Google Voice, which we have live for GPT and Claude and Gemini are through our app, but we're also launching Siri integrations for those in the next few weeks. Really, this is all heading towards what we envision as the future of our company, which is offering multi-AI glasses that allow you to connect to whatever AI systems you need quickly, swiftly with a simple voice command. That's really where we see the smart eyewear market heading. Glasses as a centerpiece of the Internet of Things, as an on-ramp into all the systems that you use. That really describes also how our approach is different from the other companies producing smart glasses. We're not trying to sort of inculcate the user into a walled garden or a specific AI system. We want the user to be able to use our glasses to make it easier to access whatever systems, whatever platforms they're already using. That sort of ubiquity of our product really does set it apart from other types of smart eyewear that want you kind of in a specific ecosystem. We want to be a Swiss Army knife that really helps the user do whatever they need to do and access whatever system they want to with their voice, hands-free, heads up. That's really what we're doing that's a little bit different. We're really user-centric and really focused on allowing the user to access whatever platform they want more easily. In a way, I see our glasses as kind of an audio interface layer that sits on top of whatever other systems you like to use, iOS, Android, GPT. We make it all more voice accessible and more mobile-friendly. Another thing that's kind of different about us, we're the first smart eyewear house of brands. We recognize that not everyone wants to wear a tech brand. That's why the Amazon glasses didn't work out. People don't want to wear Microsoft. It's not attractive as an apparel brand. One thing we do is we have these partnerships with authentic brands, and we produce smart eyewear under all five of these brands to address completely different market segments. Of that $70 billion U.S. eyewear market, it's really broken into 4 major categories: prescription eyeglasses, ready-to-wear sunglasses, safety glasses, and sport glasses. We're the only company producing smart glasses in all 4 of those categories and marketing them to the specific user profiles that can really benefit from them. This is our breakout product, Lucyd Armor. It's our most popular product by far. Right now, it's about two-thirds of the company's revenue. It's the only OSHA-compliant smart safety glass on the market right now. It's really unique, and it's delivering a huge amount of value to all these industrial workplaces, logistics, warehousing, all these different industries that use safety glasses. This product is really bringing safety eyewear into the 21st century. It's $149, and it's a major tech upgrade for workforces around the world. We're already shipping out thousands of these a month. It's just a major tech upgrade for anybody that wears safety glasses because now you have translation features, you have AI features, you have hands-free calls in your safety eyewear. In these safety environments, these OSHA environments, looking at the phone can be deadly. Having earbuds in can be deadly because you don't hear something, a forklift coming up behind you, right? You need open-ear audio, you need awareness, and you need communication. It needs to be free-flowing, easy to access, and ergonomic. That's what this product is delivering. That's why we believe it's so successful right now, because it's really offering a unique solution for these heavy industries that need power tools to get through their day. That's really what I compare this to, is going from a screwdriver to a power drill. You're going from a 3M safety glass that costs JPY 8, that does nothing, and it just gets left on your desk to a major workforce upgrade here. Still very affordable, still in line with the pricing of regular eyewear, but allowing you to be more connected with your team and more connected with intelligence. This is really our breakout product, and we're expanding it into an entire enterprise platform. Another really interesting thing about this product is it really addresses a couple of distinct markets at once. We have the sort of DIY dads that are at home doing tech projects in their garage. They love it. You have these industrial workforces, like DHL is testing it. We've got a major oil and gas company testing it out on oil rigs, those kinds of workforces. You also have the hardware retail channel, like Home Depot and Lowe's, that we're working on getting the product into. There's a lot of different angles of attack with this product, and we're developing it, like I just mentioned, into this complete platform. We're going to have a camera version and a non-camera version. Actually, non-camera is better for a lot of workplaces because of compliance issues. They don't want a lot of cameras around, or there's a lot of sensitive information or proprietary information. In those environments, you don't want a lot of cameras. Also the AR glasses can be an issue due to distraction, safety, there's a lot of other issues with that. In a way, the audio glasses are actually really the perfect platform for most of these industrial environments. We do want to introduce a camera version for training purposes and for other environments that can really take advantage of that camera. We're going to back up these two versions of the safety glass with complete enterprise software platform that the IT managers of the companies that take it on control exactly what the glasses can do and get a total feed of every photo that's taken on the glasses and really have that fine level of IT control to really deploy it as needed into these different workforces. We have a lot of potential with this product category. I'm going to move on. I don't want to spend too much time on it. Lucyd Lyte is our classic flagship optical smart eyewear, great for prescription wear. It's been a consistent sellout product since we introduced it in 2021. This is our first collection with Reebok. These are very sporty frames. These are developed with some former Bose engineers, so we have really strong audio in these frames. They sound better than AirPods because we have that little bit of a thicker temple here, so we're able to put in a much larger driver. These are really our product for the runners, the cyclers, the pickleball people that want to go out and have fun, be active with smart eyewear. Even in those scenarios, there's a lot of benefits to the open ear audio over earbuds. It's safer for your hearing. You have more awareness, so if you're running on the side of the road, you can better hear the traffic around you. The fact that you have the vision correction and protection as well, all in one device. It's really convenient and great for sport as well. We have a completely different type of marketing that we do to the sport consumer. Here's our new Reebok Opticals. I'm wearing one of these now. It's a really cool frame. This is our first with auto-on temples, which is great for accessibility and for older users that have a little bit of a hard time with some of the smaller controls on smart eyewear. Having the auto-on feature has just been a major ergonomic upgrade. What I'm really excited about is coming out in October, which we just unveiled in one of our last press releases, is Lucyd Arrow. This is a really, really impressive collection. These frames are going to cost $149, the same price as the vast majority of traditional eyewear. They look exactly like normal glasses. They feel exactly like normal glasses. They cost the same as normal glasses, but they give you access to AI, they give you your music, your phone calls, all these additional features at no extra cost. This is really the inflection point where we see the form factor of smart eyewear can really be exactly like a normal pair of glasses. We see this frame as highly disruptive. Here's the women's style here. It can really be transformative for the optical industry in terms of them bringing on a lot more smart eyewear, specifically our smart eyewear, because we're really matching all of the user needs and expectations on glasses form factor here, but it's smart. This is really the first product of its kind, a smart eyewear product that truly looks like normal eyewear. No one has really done this yet, so we're very excited about this product. It weighs 24 grams, which is about the same or less than most regular glasses, and it costs the same as regular glasses. We really see it as having a lot of disruption potential in optical, as well as on the direct-to-consumer side, having a lot of potential, too. Really excited about this collection. We're planning on expanding it. This is going to be our new optical flagship, and I really think that this has a lot of potential to bring Lucyd eyewear into a lot more retail doors in the optical side of things. Very excited for this collection, and there's no telling what it could do. I mean, it's just the way that it really, really mimics the look and feel of traditional eyewear in a way that no other smart eyewear has ever done. You can even see the product evolution here, just from the Reebok Opticals to the Arrow. I'm just holding them side by side. Hopefully it's visible. You can see how much thinner and lighter the Arrow is, and that does come with a trade-off. The audio quality is not as good, but for voice and for AI use, it's fine. When it comes to the comfort, the ergonomics of smart eyewear, it's our best frame yet. We're really excited to see what this does on the market. The Lucyd app we offer for iOS and Android. This is where most of our smart features live. We also use the Lucyd app to provide upgrades for our glasses without requiring cumbersome firmware updates. We just push new features through the app, and all of our users get it immediately. The app is free, and it's also a gateway to non-Lucyd wearers to learn about us and use our products because we have a lot of really useful utilities in the app for every hearable device. It's agnostic. It works with AirPods, it works with any headphones, and that allows us to get new software subscribers, even among people that don't wear glasses. It's really a great entry point to learn about the company and see what features that we provide through the eyewear. Even all of you on the call today can go download it and start using our translate feature on your next trip. Our translation features are amazing. We have some of the best in the game right now. We have two major modes of translation. One is hot seat, where you're in the room with the other person, then we have over-the-air translation through Walkie, where the AI actually dubs your voice over into the other person's language automatically, instantly on a phone call. Really cool stuff. With the hot seat translation, what really makes it killer is it works with no internet. I was in China a couple of weeks ago, internet was super spotty, and I was still translating Mandarin, no problem, and navigating using our own software. Really cool stuff, and it's totally free as well. We do charge a subscription for the stronger users that are on it all day. For most users, it's free and offers a ton of value. Walkie, Translate, and now multi-AI access, which we actually have a pending patent on multi-AI glasses. Hopefully, it will get approved. We really envision that that's where this is heading, is your glasses are going to connect you to all of your agents, all of your systems, just through simple voice commands. In a way, it's ironic because all the other companies in the smart eyewear are pushing towards augmented reality as quickly as possible. The need for displays is actually only going to diminish over time as voice agents become more powerful, as we can do more through audio interfaces. The need for screen time is only going to go down. That's not to say that AR doesn't have its uses. I actually think AR ultimately will be more ergonomic than the displays of today because it tracks to your natural head and neck position. For now, for the practical user, for the mass market, it's all about the audio eyewear. Even on the safety glass, for example, again, there's just a lot of issues with the camera, consumer privacy concerns, industrial privacy concerns, espionage concerns. When it comes to compliance and all that on the safety glasses, the audio glasses are the ticket. Couple of other things. These are some of the innovations we've brought to the smart eyewear space over the years. When we started, it was just us and Google Glass, then Meta came in, Bose came in, everyone else kind of showed up to the party after we did. Along the way, we managed to launch a lot of industry firsts in smart eyewear, including the first ever prescription smart glass shipped direct to a consumer back in 2018. First smart glass collection in 10-plus styles, first smart glass styles for women and youth. The list goes on and on. We've just done a lot to really with just the goal of making smart eyewear more user-friendly for the average consumer. That's really been the motivating factor behind a lot of these innovations. When we started, the products were clunky. You couldn't wear them all day as your main eyeglasses. We really set out to eliminate all the hurdles to that. We did so, I believe, successfully. A couple of just quick words on our community initiatives. We have an 18% discount for students, military, and healthcare workers. It's a much-beloved discount by those groups. We donate a couple of thousand frames a year of traditional eyewear to local charities in South Florida, where we're based, and to national vision charities as well. All of our e-commerce shipments are carbon neutral. It's actually very affordable to do that nowadays. It only costs us around $0.50 per shipment. We also use 99% post-consumer recycled packaging, and we're leading the way in trying to introduce bioresins into smart eyewear. Ultimately, we want all of our products to be fully sustainable. It's not something that everyone cares about, but there is a large group of consumers that do care about this, and also we believe in being stewards of our local environment, especially in South Florida, where the ecological situation is very delicate. We really believe in ultimately making our glasses fully out of recycled materials. A couple of key awards. We actually just got a Red Dot award. Really proud of my team for bringing that in on the smart safety glass. We also got two other awards from the Hardware Channel on the safety glasses. Recently, also, we're featured on The Today Show. I've got a couple of recent bylines on Entrepreneur. We get a lot of coverage because we're really making smart eyewear more accessible for the average consumer than the big tech guys are. That gets picked up in the news a lot, and I've been featured in Bloomberg and a number of other outlets in the last year, just covering the interesting things that we're doing in smart eyewear. A lot of that, I think, really traces back to our origins as a crowdfunded company. We started with 6,000 retail investors coming in and funding that first pair of glasses because they believed in the vision that I had for the future of this category. That through line has kind of continued today, where today, me and my company are really thought leaders in the smart eyewear space. At Vision Expo, which is the major eyewear industry event in the U.S., I was leading the panel on smart eyewear this year. We're starting to really get the recognition, not just by the media, but by the industry players that want to play in this category. They see the hard work that we've done in normalizing smart eyewear, making it more accessible and enjoyable, and they want to work with us. That's why a lot of the bigger eyewear companies that we're on the radar now, a lot of the bigger retail companies as well, we've got some really exciting things going that we just announced, like FYidoctors, which is the biggest chain of eyewear stores in Canada, is putting us in 375 doors for holiday this year. We're also starting a big box store test, which has just been expanded. It's going to be a bit more than 50 stores with one of the major big three big box stores here in the U.S. Can't announce that yet, but who that is yet, but that's coming also for October of this year. We've got about 550 new retail doors opening just with those two partners in the next few months. We'll be about 1,000 doors by the end of the year. All of that is pure upside to our current financials, which are all based on the e-commerce revenues of the business. Everything brick and mortar, everything enterprise around the safety glass, all of that is pure growth over where we are now, which has been built just completely on the e-commerce funnel. I think that's going to really strengthen the business and diversify our channel mix and give us more longevity. We don't want to be too centralized on any one channel. We think it's the right thing to be balanced. That's our goal. A couple of key financial highlights. 12 consecutive quarters of growth. We're growing about double a year. We're doubling, give or take, every year. We did about JPY 3 million sales last year. We're targeting JPY 6 million this year. We're expecting that rate of growth to continue, possibly increase as smart eyewear becomes more known. Interesting factoid, only about 17% of U.S. adults have ever even tried a smart glass, let alone bought and own one. We're still in the very early days of this category. Think about it like the iPod 1 just came out, that iPod revolution is around the corner. What I always bring it back to is the smartwatch revolution, which is the closest analogy to what we're doing. Apple introduced the Apple Watch in 2015. Five years later, the entire watch market worldwide flipped, and as of 2020, more smartwatches were sold worldwide than traditional watches. They offer more functionality in the same form factor. That same market flip is coming, that same digital transformation is coming for the eyewear industry. The JPY 70 billion a year Goliath industry is going to transform into the smart eyewear industry, and hopefully, we will be leading that charge. Thank you so much for listening to the presentation, and glad to take any questions we have. Yeah. Thanks, Harrison. Very exciting times. I see many questions came in during your presentation that you can answer. You can find that at the bottom of your screen, the Q&A button. Yeah. Please read the question aloud before answering. Yeah, sure. Okay, first question is, what customer feedback has surprised you most over the last year? This is really insane because we had no idea this was going to happen. We did a big marketing campaign on the Reebok Opticals around no cameras go anywhere. That was kind of the line. Consumers immediately drew the connection to the meta glasses and went for it, and they totally loved it. That campaign was extremely successful. We didn't realize that actually advertising no cameras by design, which is something you wouldn't really think of, ended up being our most successful marketing campaign of the year. That was really interesting. Consumers do not necessarily want cameras in their glasses. We're addressing that market, and there was a huge response to that. Like I said, in industrial, we're hearing that even more, where they really don't want excess cameras in the workplace. That was really unexpected, and pleasing to hear. Next from Phoebe, as large tech companies have entered smartphone glasses, I guess smart glasses is what you mean, how has that changed your strategy, and where do you believe Innovative Eyewear can realistically win? Well, I think we've already built a really strong beachhead in the smart safety glasses. We really have the only compliant product right now on the market. It's very high barrier of entry into that product because not only do you need all of the engineering and design that goes into a great smart safety glass, took us about two years, you need many levels of compliance. There's a lot of liability involved. There's a lot of IT involved. There's a lot of software design involved. It's just a very high barrier of entry, and this is why we haven't seen a lot of the traditional eyewear companies, which many of them are very well-heeled, very successful, with strong distribution. They're very afraid to get into smart eyewear, a lot of them, because they just don't have the engineering chops, they don't have the marketing chops. It's funny because when I break it down for them, for the optical industry professionals, they're already used to selling lens technologies, and lens upsells are a big part of their business. We really just have to convince them to see it as a sort of frame technology upsell. When you frame it that way, pun intended, they're able to really understand the value of smart eyewear and kind of position it within the practice. Eyewear is very specific. You've got these four major categories within these industries. I don't expect us to win on all four long term. I think we're going to win one or two of those lanes, and that will be enough to build a huge business because of the size of the market. Just in the same way that the traditional eyewear market today is broken up over many companies, we believe the smart eyewear market will be the same in the future, but we aim to really offer a competitive, open source, and flexible solution that we think can potentially lead the pack. That's our goal is, we're not threatened by the major companies. What we care about is offering as much value and utility as possible to our consumers because we know that you could build a great business doing that brick by brick, consumer by consumer. That's kind of what we're doing now. There were many times to throw up our hands and say, "Oh, Bose is getting into this space. Oh, Google's making another product. Let's give up." That was never the right approach. It was always about just focusing on the user and really delivering the experiences and the tools that they wanted, not what the big tech companies think they want, but actually talking to the 6,000 crowdfunders, actually talking to our customers that have ordered six, seven, eight pairs and really understanding what they need out of the category. Next, what does product adoption look like after the initial purchase? Are customers using the glasses daily, weekly, or only occasionally? This is highly variable depending on the user. Many of our users will wear our glasses all day, every day as their main glasses. I'd say it's probably about a third. The other two thirds, maybe one-third is using them in the workplace, and then taking them off, and then one-third is using them as sort of their sunglass. It's in their car or when they go for a run. That's sort of just we're seeing a lot of variety in terms of how users adopt the glasses. What we need to work more on is getting our users to universally download the app after they get the glasses, because that's where really you unlock all these additional features. Even now, many of our customers are not using our app yet, and that's where we see additional opportunities for recurring revenue, opportunities to deliver content, entertainment through the glasses, and just a lot of different expansions on the basic platform that can be done through the app. Next, what feature or capability has driven the highest customer engagement? I think it's, kind of unironically, it's your standard Bluetooth audio features, your music and your calls. That's always historically how we marketed the glasses until the AI revolution came and started a couple of years ago. Now we see probably about a quarter to a third are buying for AI features, and then the other remainder are buying for enhanced free Bluetooth features. 5 years from now, what does success look like for Innovative? Is the goal to be a leading consumer brand and tech platform or something else entirely? I think what we're doing is we're really trying to hedge our bets and play in these different markets. We've got the direct-to-consumer channel that's been consistently growing. Our customer acquisition cost is half what it was 1 year ago because of improved awareness of smart eyewear. So we're going to keep attacking the direct-to-consumer channel. We're also starting to work with more traditional optical retailers. Then the third real angle is the enterprise platform around the safety glasses, where we're not only selling the safety glasses en masse to large companies, but also selling a per-seat software platform as well that goes with it, which has a monthly recurring cost. That's where we see a lot of potential right now, is developing this enterprise platform. We're launching our first product with Qualcomm. The Lucyd Arrow is going to be our first fully voice-accessible frame. Where you don't have to touch the frame to interact with the AI. We're going to try to deepen that relationship with Qualcomm, expand it, and really build out that full enterprise platform, and push it out to companies around the world. "Do the lenses adapt to your vision, or do you need a prescription?" There's a false claim with a brand like Blueye Eyewear and other ones. The lenses adapt to near-far vision seamlessly, but I tried it doesn't work. "How do they interact with vision?" So all of our glasses come with ready-to-wear lenses, either blue light, transitional, or sunglass lenses, depending on the frame and the intended use. That said, we pioneered custom lenses in smart eyewear. That's kind of our whole thing. Going back to 2018, we've been shipping custom lenses in smart glasses. So the user can get whatever lens they want. You want a progressive, you can get a progressive. We also have this new technology called Chemistry Clips, where you can add a lens-mounted clip to any type of lens and make it a multifunctional frame. So that's something else that's really cool that we're offering. It's a really strong upsell. What you're talking about is basically a plano progressive lens that was marketed as adaptive to your vision. It's really just essentially an online bifocal. It's a marketing trick I've seen around, but yeah, there's nothing really special about that. It's just an online bifocal. Next question is, "Do your translations offer Haitian Creole?" We don't. We currently, in the hot seat translation, we support 17 languages right now. We do have Arabic, Chinese, French, German, Hindi, Italian. We're going to look to add more sort of less popular languages like Tagalog, Hebrew, and Creole. Those would be good to add in a future update. We are planning to continuously add more languages. Right now, we're focused on adding languages to the over-the-air translations, because right now we just have English, Spanish, French, and Portuguese. We're looking to add more to those translated phone calls right now, because we're missing a couple of key languages there. Next question. "Battery life seems to be a bottleneck. What supplier are you using at this time for next generation battery life?" This is really interesting. Basically, there's a direct correlation between the size of the smart glass temple and the battery life usually. Lucyd Arrow, being our lightest and thinnest, is also going to have the shortest battery life, as you imagine. This has a battery the size of maybe two Tic Tacs here in the temple, so a very small battery. This is going to give you six hours of music or talk time and about 100 hours of standby Bluetooth notifications. Our longest battery life right now is Reebok Opticals, because we have these distinct battery pits here. We have much larger batteries, about the size of a triple A. A little bit slimmer, but this is going to give you 12 hours of music and talk time per charge and about 150-200 hours of standby Bluetooth, meaning you only need to charge the glasses once a week, maybe twice a week at most, if you're listening to audio all day. That's kind of where we are. We offer these different platforms for different user needs. The safety glass is designed for a work shift, it has eight hours of music and talk time. It's really designed and optimized for that eight-hour work shift. It all kind of depends on the user, and we want to really be very clear in our marketing about what you get with our different frame platforms. If you prioritize music quality, you should go for the Reebok wraps because they have our best music quality. If you prioritize lightness and thinness and aesthetics, Lucyd Arrow is going to be the ideal frame for you because it looks like normal glasses, super discreet. It all kind of depends on the user and really determining what feature set that they want to focus on. Next question, "Is the enterprise platform the same company?" Yeah, it's essentially just the software backend for Lucyd Armor that we're developing. Yeah. Okay. That wraps up our Q&A. Harrison, thank you again for your time and presentation. Yeah, this was great. I always love presenting to Webull. I really strongly encourage everyone to follow the stock, maybe jump in. If you want to connect with me directly, my email is hgross@lucyd.co. I do one-on-one presentations as well. Glad to follow up with any additional questions you have. Thank you so much. I highly encourage you to try the product. You'll see what it's all about in just a couple of minutes. It's very easy to use. All right, take care. Great. For more information on ticker LUCY, please visit the Corporate Connect page on the app. That concludes the technology webinar. Please stay tuned for more upcoming Corporate Connect service investment webinars featuring a variety of sectors at www.webull.com/webinar or in the Learn section of the Webull app. Thank you for joining us, and have a great rest of your day.