Equipment purchase reduces overall capex and fast tracks production at the New York Battery Plant

• Machinery acquired from lithium Machinery acquired from lithium Machinery acquired from lithium-ion cell manufacturer A123 Systems and ion cell manufacturer A123 Systems and ion cell manufacturer A123 Systems and is being is being is being relocated from Michigan to Huron Campus relocated from Michigan to Huron Campus relocated from Michigan to Huron Campus
• iM3NY now has the ability to produce 20 and 50amp has the ability to produce 20 and 50amp has the ability to produce 20 and 50amp hour cells to cover all major hour cells to cover all major hour cells to cover all major markets markets marketsfor lithium for lithium for lithium-ion batteries ion batteries ion batteries
•  First production on track for late 2021 First production on track for late 2021