Battery Revolution Clubhouse Recording - Battery Den

0:00Transcript

0:00Hello, hi everyone. Thank you so much for joining us for the 16th session of Battery Revolution. Today we're super excited to finally launch off Battery Den. So Simon and I have been talking about it for about what three weeks now and yeah today we're super excited to finally launch it and here we have on our stage right now are the panelists Bruce, Maggie, Rami and Stephanie and they'll be joining us on stage for the whole time to share basically to be the dragons for Battery Den. So without further ado, Simon would you like to kick start the event for us? Sure, very happy to Catherine. Yes, just want to say extremely excited for today. As Catherine mentioned, we've been talking about this for some time. You know, we're all really passionate about startups. We have been running these Battery Revolution rooms for, so it's the 16th time today, so for quite a few weeks and we always have been really impressed by many startups who have joined us, shared their expertise, shared their exciting visions and on the same time we also felt we have so many, you know, knowledgeable people with us every time and it would be really nice to have this exchange, you know, between people who, you know, are on the vesting side, on the have special expertise and relevant topics as well startups, you know, pursuing their dreams and today we want to have a nice exchange. You know, it's called Battery Den because we're very inspired by other shows, you know, such as Shark Tank and Dragon's Den and many others around the world and we really like the format, you know, of providing a stage for ambitious startups and ambitious founders. And yeah, today we are very fortunate to have six started with us and we're going to introduce them one by one and yeah, we have a, you know, then also there's an amazing panelists and experts and investors with us and who we're going to use as well.

1:59So yeah, please stay around. So we're going to have to structure that in the beginning, you know, the startup is going to pitch and the experts and investors, you know, are going to ask some really exciting questions. And then in the end, we're also going to open up the room and everyone is welcome to jump in and give their thoughts and yeah, really open up the floor as well. And the entire event lasts about one of hours. Catherine, would you like to introduce some of the, you know, the housekeeping rules as well? Great, thanks for that. So some housekeeping for everyone who's new to Clubhouse. So the first session we're doing a little bit different, you'll see that the hand-raising function has been turned off and the reason is because we would like to, you know, have all the startups pitch first and at the end of all the pitches, we will open up the hand-raising function for everyone else to hop onto stage to interact with the startups. So we'll, so that will be, that will be off until the end of the pitches, which about 75 minutes, 95 minutes into the show. And while you're on stage, if you wish to speak, please feel free to tap your mute button twice like so.

3:13And if you would like to clap, just flutter your mics like so. Other times if you're not speaking, please mute your mic so that we can give others the floor to share their thoughts on it. So we would like to also share with you on the format of the event. Each startup will have about three minutes to pitch. And how it goes is the startups will imagine that they're in an elevator. So the startups will be invited into the elevator with the panelists and they'll have three minutes. And to share about the startups. And at the end, there'll be a 10 minutes Q&A, where the panelists will each ask about one to two questions. And they'll rate a startup on a scale of one to 10 on how investable is the startup. So after all the startups have pitched, we will invite the audience to join us on stage to share with us and ask your questions. So that's it for the housekeeping. And without further ado, we will start the event. And we'll start the event with a blast and with a really exciting music.

4:15And for those of you wearing headphones, please be aware it's a little bit loud as well. So here it goes. Well, Well, Welcome to Battery Den. And today we'll have the panelists with us. We have Stephanie, who's an expert at e-mobility and EV charging. And we have Maggie, who's a battery technology from R&D to commercial sales with over 20 years of experience in the energy space. And here we have Bruce as well, who's a clean tech advisor at Global Founders Capital and battery data research at Stanford University. And last but not least, we have Remy, who's a principal at Elevate VC. So now we have our first startup to join us on our pitch. And we have the co-founder and CEO of Vault 14 Solutions. And Animesh, now you're going to enter into the elevator with the panelists. And your pitch will start when you're at the end of this clip. Thanks, Catherine. Thanks, Catherine. So I'll just get started. Vault 14 Solutions is a material science company developing silicon-based anode materials, a subcomponent for lithium-ion battery cells.

6:31The use of materials enables battery cell manufacturers to increase the energy density of their battery cells by up to 30% and lower the normalized cost of their battery packs by up to 20%, which is absolutely massive, given that battery pack systems continue to make up 20% to 30% of the battery cells. And that the gross profit margins of battery cell manufacturers have halved over the last five years due to severe downward pressure on battery prices. Compared to other battery materials companies, we have a number of key differentiators. First, we offer best-in-class performance. And we enable this by using a far higher silicon content than the commercial state of art. Secondly, we are a drop-in solutions. And we also have a number of key differentiators that we have in the future. And finally, we have very unique scalability. Traditional approaches towards silicon anodes involves high-energy novel nanofabrication techniques. We completely eliminate these and offer the same scalability as current graphite-based systems. This distinctive combination of best-in-class performance, as well as intrinsic scalability, gives us a price point that beats the current graphite-based cost of not just today, but for the coming decade.

7:51Currently, our startup, Bold 14, has ongoing material qualifications with leading companies in the electric vehicles, smartphone, power tools, and consumer appliance spaces. We have strategic partnerships with leading chemical trading company, which gives us access to 7 out of 10 of the world's largest battery makers, representing 40% of the global battery production capacity. We have a team with a cumulative of 50 years of nanomaterials R&D experience, which is a rich experience in battery R&D, as well as lab-to-high-volume manufacturing scale-up capabilities. We have a strong suit of investors, as we are an alumni of the Accelerator Entrepreneur First, and our existing investors include three funds of 500 startups, as well as the corporate venture arm of the Hong Kong government. That's our pitch. Thanks, Catherine. Thank you so much, Enimesh. And now we would like to invite the panelists to share their thoughts on this. So Maggie, would you like to go first? Sure. Thank you for that. You mentioned a 20% reduction in cost. Is that in manufacturing or just materials?

9:05Primarily in materials. So effectively what we are doing, the main idea of how this works is by increasing the energy density of these battery cells, you possess the cathode cost, you in a way reduce the bomb included with, you know, the casings, the pack level of materials and so on. So it's mostly bomb. Mostly what? I'm sorry, I missed that last part. Bomb, the materials. The bill of materials. Okay. Yes. Okay. Stephanie, go ahead. Hi, thanks, Catherine. So Animesh, what you said that you have already partnerships with a chemical company. Do you also have partnerships or are you in discussions or have interests from vehicle manufacturers or any vehicle OEMs? Yeah, absolutely. So we are the chemical company I mentioned is a chemical trading company. So they are more of a distribution partner for us from a go to market perspective. But we have very strong qualification tests already initiated with a number of, I would say, top five car companies. One of the top three electric vehicle battery makers, as well as one Japanese car company.

10:23Okay, and I'll ask a follow up question as well. How, how far into the development are you with your batteries technology? So when, when would the soonest battery be available for, for use? So currently we are lab scale based. So right now, so just to make it clear, we only are the lab, we are only a battery materials company. So we are going to work with these guys to develop their cells with them that enters into production whenever they want to enter into production. But we are looking at entering into a pilot scale of kind of trial and testing towards the end of this year, where on a pilot line, a few hundred, a few thousand of these battery cells have made and will undergo through their evaluation process and so on. Well, Well, Well, Well, Well, Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well Well what is unique about your fabrication method?

11:42And can you tell a little bit more about that? Sure, Bruce. So one thing is that we are not a maker of silicon active material. We make the entire anode stack. So our product, so to say, is the anode slurry, which includes the active material and the conductive agents, the binders, the additives, the whole thing. Our technology is really is basically when you coat and dry this material, the elastic mesh that is created, that is where a lot of our tech lies. So a lot of our tech does lie on the additive side, on the binder side, on the conductive material side. All right, thanks. Maggie, would you like to go next? Yeah, unless Remy's going, I don't want to go out of turn here. You mentioned the drop-in manufacturing capability. Have you tested this in commercial manufacturing processes? The reason I ask is silicon has many different properties than your typical graphite. In fact, it's really kind of hard to compress at times just based on the structure.

12:53Oh, yeah, that's a pretty good question. So that's one of the main reasons why we have chosen to make the whole stack as compared to just, you know, give them, I would say, post-process silicon or just conductive materials and so on. So that's one of the main reasons why we give a slurry. So we have not done it at a customer site, but we have attempted roll-to-roll coating in our own lab. And clearly that requires optimization, but that is something that is done. We are actually engineering this anode stack in such a way that, you know, the electrodes form, well, adhere to the collector form properly. It can be, you know, pressed to different densities. It can be, in a way, stacked with regular cathode materials and rolled and so on. And because we're giving the entire anode stack, the customer does not have to deal with, you know, the dispersion issues, the matching with different kind of solvents and all the whole thing. Does that add to the cost of the final product that you're giving to, let's say, a manufacturer?

13:51So the entire cost of the anode will be competitive with what the cost of the entire, I would say, the composite is for the customer, which includes the conductive materials and so on. So anode composite for anode composite, we remain competitive. But obviously the whole stack will be more expensive than just the silicon active material. Right. Okay. So Anand Mishra, how do you intend to protect this intellectual property? What do you currently have and what do you plan to have in the near future? Okay. Yeah. So we have a PCT application filing, which is publicly disclosed. We have a very strong written opinion on it, which is entering international filings. This current patent covers a lot of the formulation. And again, this includes very, very broad, I would say, definitions of what parameters are used. So like just copying the patent, you won't get very far with that. Then we obviously have additional USPTO filings on the way, which covers parts of the processes. Then internally, we retain not in form of patents, but in terms of trade secrets, a lot of optimizations, a lot of tweaks that we've made that is very, very important to make it work.

14:59Any plans to patent the material instead? Because it sounds like you guys are building something new. Am I wrong to say that? So yeah, the current patent does, in a way, deal with the formulation of the material. But nonetheless, I mean, it does not really go very deep into the specifications of the material itself. But the broad, I would say, class of materials we are working with is covered by our existing patent. All right, got it. Thank you. Great. Thank you so much, panelists. Are there any other final questions you'd like to ask, Animesh? I'll ask one final question. So on the charging side, Animesh, what improvements on the C-rate will your technology bring that you're anticipating? And can you talk about also in terms of, you know, when charging, what kind of improvements on heat dissipation? Tell me a little bit more on the charging side of the battery. Yeah. So on the charging side, so there are two aspects of it. One is the C-rate itself and the rate capability aspect of it.

15:59So I can't give the numbers right now, but we have actually done rate capabilities in 2C, 3C, even 5C. And a lot of it has been of sufficient interest to our customers to let them continue working with us. In terms of things like heat dissipation, now this does require a lot of cell level engineering, which is something that still needs to be done with, I would say, whoever we start co-developing our battery cells with. So this will be a bit of a collaborative process with the cell development partner we work with and Volt 14. Great. Thank you. Anna Mahesh, I have another question. Perhaps Maggie with her manufacturing background and experience can also pitch in. My question is more on your choice for this, the full stack product rather than just a slurry. So could you a little bit elaborate what your, from maybe a product side, what you think you will be able to add to the whole battery electrode stack industry? Or like, if you have like a very novel and value adding product as that electrode stack or is it a value capture decision why you go for the whole stack rather than just a slurry?

17:14I'm curious about your thinking here. It's a bit of both. So the value, one aspect as you hit the, I would say, the hammer on the head is that it's a bit of a value capture because as I think Maggie alluded to using just buying silicon active material as there are a number of, I would say, promising startups doing pretty much very impressive work. But it does involve a lot of optimization. It does involve a lot of engineering and know-how that is required to make this anode work, this active material work at an anode level. we have done a lot of work to basically optimize it and that is a part of the value that we're looking to capture. And what was the other half of your question? No, that was basically the question. Is it because you think in this way you can capture more value for yourself? Like obviously, you can charge more money when you provide more stack? So that is, I would say, value capture is one, I would say, aspect of thinking about it.

18:07And another thing is that there is a certain, I would say, friction involved with adopting, given that it is a very crowded space, there is a fair amount of friction that comes in from a customer's side when you send in material, it doesn't work or a lot of this R&D process has to be done by them. But we give them a ready-made process that requires more or less slight variation in tweaks based on how their production line or what their, I would say, coating and drying processes are. It makes this whole process a lot more easier for everyone. Right. Maggie, maybe asking you, you this here, would you agree from your manufacturing background or experience that this is something that cell manufacturers are very keen on, this kind of partnership rather than just the raw material? Yeah, it depends on the manufacturing process and what they're capable of doing and their limitations with processing this material. It is easier sometimes to outsource everything, but everything doesn't kind of come together like Legos all the time.

19:02So it's definitely a partnership that needs to happen to make something like this happen. And unfortunately, there's different equipment everywhere too, so it's not an easy, yes, this works all the time. It's all going to be dependent on how the manufacturing lines are set up. Yeah, I think that's quite important because even minor variations in how each equipment, even how they're deployed has a huge difference. so that is actually a co-development model is what we are going for. Great. Thank you so much, Enemesh and the panellists. Enemesh, just one last question for you. Do you need, what kind of support do you need from the audience or the panellists? Is there anything that you would like to address? I mean, as I was saying, early stage starters, we are always looking to work with more companies, be it through battery cell makers, be it through materials makers, be it through companies that have an interest in making better batteries and then getting back to their partners who are cell makers.

20:02So we're really open to all power, to speaking to all parties in the entire world. Great, thanks for that. So if any other panellists or anyone in the audience could help with this, please be free to connect with Enemesh during the general Q&A session after all the sellers have pitched. So let's go around the stage right now for the panellists to share on a scale of one to 10, how investable is Enemesh startup world 14? So Bruce, take it away. All right. I'm just going to say a number. I'm going to say 7.5. The reason being, I think there's more headroom and a little bit of wearing is from my side because like you mentioned yourself as well, Enemesh, there's already players ahead basically that have very well-developed materials. So Scylla, for example, there's others also out in the space that are on the material side and also cell manufacturing perhaps already ahead of where you guys are to capture the influx in the market more rapidly.

21:06But I think so that's a downside. I think there is still room in the market and I think if you're able to provide the things you're saying in terms of the performance, I think there's definitely potential for perhaps another player in the full stack development somewhere in the industry. Thanks for that, Bruce. Maggie, you're up next. Sure, I agree with Bruce and I almost am going to follow him in the 7.5. However, based on the quality of the patents and the intellectual property that might go up because I would look at it more from a licensing opportunity versus a manufacturing one. Perfect. Remy. Yeah. I would generally agree with Maggie and Bruce but I think my score would probably be nearing 6 really because on top of everything that they mentioned, the other major concern or major potential concern for me is on how the most cutting-ish battery technologies may be displacing you guys sooner rather than later. So stuff like solid-state batteries for example are somewhere on the horizon as far as where DeepTek is concerned.

22:23So how sustainable is this company beyond the next three to five years is a question of my mind as well. Thanks for that. That's not at least. Stephanie. Hi, Animesh. So really enjoyed your pitch. Really great that you came up here and gave us a little spin. So I'm going to go with a seven. Again, I always look at things on the charging side. So seeing that this is quite a new technology and I believe you still have a long way to go in terms of testing and proving before you have data that you can actually take to OEMs, vehicle OEMs and battery manufacturers as well to really prove it and also seeing like the other panelists mentioned that the technology itself, there are other technologies that will have or at least claim to have better efficiencies and lower costs. But overall, I think what for me to bring my seven up to a higher number and to give you a little pieces of advice is of course get that testing done as soon as possible and then partner and network as much as possible with the key players in the industry.

23:31Go to the car, the vehicle OEMs, get them excited about your technology. I know you already have some interest that you mentioned so that's great. Keep on doing that. I think that's really good. So a little bit of a long way but just keep at it. Amazing. Thank you so much everyone and I also want to say a big applause to Animesh being our first person to pitch on the Battery Den ever. So that's a, I know it's going to be quite daunting. I think you did a really great job and I think you had some good questions, some good advice and maybe something to follow up on with some people. So hopefully you had a good time as well, Animesh. Any last words you would like to say otherwise we're going to move on? Thanks a lot. I think I mean a lot of these are questions that we have to answer. I think, you know, perhaps I'll touch base with each of you and have a deeper chat.

24:24But thanks a lot for your feedback guys. Thank you so much Animesh and well done. And yeah, without further ado, we're going to go to our next startup and we already see there's already two new people on the panel. That's Fatme and Mariam and they're the two co-founders of Hi-Assist and I'm very excited for them to give their pitch. And as before, Catherine, we're going to play the starting sound and as soon as the bell rings and the door closes, you're ready to go. Catherine. Thanks, Simon. So hello, everyone. So the battery market because of all the opportunities it offers is becoming a new area of international competition. Far behind China, Europe now seems determined to catch up in this strategic field. Battery technology are one of the pillars of the energy transition. The battery market represents a major economic challenge. Global demand for batteries in gigawatt hour is expected to increase tenfold between 2020 and 2030. In terms of value, the European market alone could be worth 250 billion euros per year by 2025.

25:53The development of a European battery industry is therefore a priority to enable the European Union to ensure its energy transition and defend its economic interest. lithium-ion batteries have been by far the most successful system due to their higher energy storage performances, good life cycle, and lighter weight. So today, lithium-ion battery technology has reached 27% of its commercially achievable cell limit for energy density. Acquiring the remaining 13% will be costly and slow with very limited returns on investment. Current market demand, however, requires continued reduction in the cost of the batteries with a continuous increase in their performance and safety. Hypersys is an early-stage deep-tech startup born in France, is developing lithium-sulfur and silicon-sulfur batteries with theoretically-specific energies that are five times higher than that of today's commercial lithium-ion batteries. Hypersys electrodes are designed based on a new architecture, a disruptive approach, regarding commercial lithium-ion batteries using highest capacity available active materials that are cheap, abundant, and environmentally friendly. Hypersys electrodes are made with simple, scalable techniques and are easily assembled into high-energy and power-density lithium-ion cells.

27:37So to have an example, the electrode is likewise structured with silicon or sulfur nanoparticles replacing the cobalt or the graphite actually used in commercial batteries. And the electrodes are free of binders and additives which are essential in commercial battery but add significant dead weight in the cells about 20% and require toxic solvents processing. So currently yeah, so currently Hypersys is passing through an incubation stage at Dry Innovation Center. So that's it. thank you very much, Mariam and Fatma as well. Who would like to go first? Over there from the room. Maggie? Sure. Thank you for that. A lot of interest in lithium-sulfur and some other chemistries. Where are you right now in this technology? Are you just exploring materials or have you tested your materials in working in situ in a battery? So now we have a functional prototype. It's a coin cell at lab scale. So we are now at lab scale and the idea is to have our own pilot scale and to start the testing with a pouch cell.

29:17Thank you. I'll let somebody else. Stephanie, would you like to go next? Yes. Thank you. Hi, Maryam, and thank you so much for your pitch. So what applications are you targeting with your technology? Where do you think that your technology is going to be really, really either a big niche or very interesting for? So now we are in the process. We are contacting people to see what we have the specification of our batteries and to know which market to target. So we have an idea. So it will be like specialized markets such as military or robots or drones. So this is our first market entry maybe. I'll add a follow-up question to that please. So why are you targeting these? Is it because these types of applications need more lightweight batteries? Can you tell me a little bit more about why you're targeting these industries and why you think your technology would be best suited for these? countries? So you know for like so how to say so the military they don't ask like long cycle life and to have a first entry market so to know if we have a long cycle life we need to do long testing.

31:02So for now we have like 500 and very high energy density and like military market they are asking about just more energy so they don't care about like cycle life for the battery for instance. thank you. Thanks Bruce would you like to ask another question? Yes hi Miriam I'm curious the research that you've been doing has it been in partnership with a industrial partner or has it all been driven by the lab and the university? No it's only academic so it's it started with my thesis at Ecole Polytechnique in France. Right and have you talked to any industrial partners or have they looked at some of the research data that you've gathered as of yet as they show interest? We want to actually so we are looking for partners to have more specific idea about the business model we can go through. Right I have a question about the technology as well I think I'm not as well versed in the lithium sulfur chemistry but I am well aware that dendritic growth could be an issue is that something you have already encountered in your coin cell making and do you have a swelling too have you seen that in your experiments so far and have you been able to mitigate those issues maybe I can speak here yeah yeah so it's it seems that it's not being a very big issue with us because we are working I don't know if Maria mentioned that but we are decorating active material on carbon nanotubes and we have a certain technique we're following to prevent a lot of sulfur leaving the electrode so I can't speak a lot about that it's a bit confidential but yeah we're trying to solve this issue thank you thanks for that Rami do you have any questions for this yeah hi Maren so how far or rather when do you guys expect the first product to be in the market and what's the expected go-to-market strategy when the time comes around well we don't expect a product in two years because to build the so we have we're not following the same production process that commercial batteries are following we have a completely different production process so in order to go to a slightly larger or upscale our electrodes we need to rebuild or upscale our reactors and this will take at least a year and a half if whenever we fundraise and we have funds so yeah and then we have to test our product so yeah not before two years got it and then as a quick follow-up question do you currently have such expertise in terms of the challenges you just mentioned do you have such expertise in-house already or do you need to raise funds and also onboard some of these experts in these areas sorry I didn't get your question expertise in so effectively you mentioned two or three key challenges for example bringing it from a bench to production capacity and do you have such expertise in-house as of today and is a matter of execution or are you also looking to bring in the experts who can then help you of course yeah yeah of course we would this is one of the things that we are aiming for like have the help and that yeah from expertise and like especially for instance we need expertise and help that would help us in pilot scale for instance some expertise and I don't know industrialization so this is something we are seeking for even for instance now we are in incubation period we would also appreciate like kind of a mentorship that's in battery industry that could just mentor us and follow our work that would be really appreciated because because we have experts that will be following our business part our financial etc but not on the industrialization of batteries yeah great thank you so much for me and the panelists so the big question on a scale of one to ten how investable is the startup Bruce please take it away sure I would say the startup is at this point for me investable number four but let me elaborate I think it's not only the startup you're investing in but I think also the team and the founders and I think both you are very passionate about this and I think there's a lot of potential with the technology obviously I have to look into and see how the technology matures more as you go from the benchtop to a pilot scale but I think you guys are at a very exciting stage and I'm very happy to see that you out of the lab are thinking about commercialization I think there's a very promising path ahead of you so I encourage you to keep going at it and exactly as you mentioned which is a super good insight find mentorship that can help you strengthen your team in the areas that you don't have the expertise in yourself so I think the startup at this point because you're so early stage and there's a lot of question marks in my front I wouldn't rate too high but I the two of you and the team the passion I would rate with a nine thank you so much Bruce Maggie you're up next thank you very good presentation I'm excited for you guys I'd say probably a three to four at this point from a monetary investment I think you're very early stage still in an incubator just some tips I'd watch your intellectual property since you did work on this at a university make sure you own what you can own and also maybe try even smaller things than drones like getting maybe a commercial electronic application where you could test your cells in there and really characterize them and figure out where the kinks are before you go larger and then there's plenty of pilot scaled places that you could go to where you could then you know put this technology into production but I think there's a place for every technology in the battery space so I applaud that you're looking at lithium sulfur and keep going and excited to follow you guys thanks Maggie Remy what are your thoughts yeah hi hooks I'm actually rating it a bit higher this time I thought you guys were on a six on the investable scale so it might be because we do very early stage investment and the things that I really like about you guys definitely very very passionate and having the very requisite technical expertise I particularly absolutely love how cultural the founders are and I thought that's extremely important having already thought through what are some of the commercial potential even at such an early stage is very interesting and I thought it was pretty impressive it's really a six right now really because as the rest of the panelists have mentioned you guys are a bit early stage so just continue growing the team continue working at it I'm sure you get there somewhere thank you thanks Remy hey Stephanie so thanks Mariam and Fatme so I'm going to rate on the lower side and I'll give a three so first of all of course it's very early stage but it's really good that you're already aware of the applications and you're already also thinking about the commercialization so maybe your commercial plan is not fully mapped out and you know you don't know get 100% where you want to target but I'd really suggest like the other panelists mentioned that you have to start thinking about that now and setting yourself up and I mentioned before making those connections making sure that you're in the industry and getting also excitement from the industries that you're starting to target so again I'm not very fully aware of this space so I don't have specific feedback on the technology piece but I again I urge you to really hammer down on your commercial plan and also start making those connections in that space and getting excitement Thank you Stephanie and thank you all and also thank you Fatma and Mariam for this really well done pitch and yeah we're now looking forward just looking at time we're going to go straight to the next presenter it's going to be Mariam the CEO of Posenex and I'll let Catherine play the sound and then get started Hi everyone it's so lovely to be here I'm Mariam and I head up commercialization at Posenex at Posenex we extract the battery's unique fingerprint in order to characterize its state of health when in operation as we all know batteries they behave dynamically but even more so when they're operating at their high industrial power levels and that's why when a battery fails it's extremely challenging to pinpoint the source of failure and hence to reverse its effects both in the design and the operations of the battery at Posenex we've developed the world's first of its kind hardware that non-invasively isolates for sources of performance loss while a battery is operating at its industrial power levels we own the IP for our technique which works by injecting non-disruptive energy signals into a battery and measuring its response back and what that does is reveal previously inaccessible insights on the dominant electrochemical reactions happening inside of the battery in real time some meaningful applications for our inline characterization capabilities include number one speeding up the rate of decision making for design decisions related to scaling up of batteries from the bench scale to the industrial scale and number two decreasing scrap rates in the quality assurance process for end of line manufacturing we're a company that was born out of about 10 years of R&D into electrochemical optimization techniques and we're on a mission to enable the deployment and operations of the most cost and energy efficient electrochemical operations at scale thank you so much for your time and I welcome your questions thank you maria maggie would you like to go first sure thank you where in the process are you looking at the battery I couldn't understand if you were looking at it from the production or from an operation standpoint that's a great question maggie so on the capabilities of our hardware enable inline characterization which means that it could plug onto a battery in a plug and play fashion both in the design and scale up process but also when you go into operations right now we've deployed with two energy storage companies with the application of scaling up their design and in the future we're looking at integrating the capabilities for onboard energy management within vehicles but also for large scale energy storage applications and if I could follow up is this performance enhancement or detecting potential issues like impurities or lithium plating dendrite formation at the moment at the stage of commercialization we're at it would be the latter but in the future we would be able to develop controls in a closed loop fashion that would allow you to enhance performance autonomously okay thank you thanks so much does any other panelists have any questions if I can go Mariam thank you for that pitch that's really lovely I have a question about two things first of all the tech well you said you are sending or pulsing some type of energy waves can you elaborate a little bit more about what exactly that means and what signal you are expecting to receive and how you translate that into meaningful information yeah that's a great question Bruce so the technique we're using has been used in labs for years and years about 50 years it's called impedance spectroscopy but the problem was that there was this age-old technical limitation that doesn't allow this technique to scale beyond the small lab scale you know a cell in a beaker type of experiment but it's such a powerful technique because it uses non-disruptive frequency response signals injected into a process in order to isolate or deconvolute all of the sources of performance loss within a cell and so what we've done at pulsenix is we've essentially scaled up that process removed the technical limitations that allows you to perform this sort of spectroscopy from a small bench scale to the industrial power level without losing any of the accuracy but also with allowing us to have a bias towards scale with that type of data data the data that we receive in its raw format is essentially a deconvolution of all of the resistances for each kind of component so say the electrolyte how is a concentration changing over time every five seconds what's happening to the surface of the electrode every five seconds for each of the cells within a stack and so if you're a researcher you can make design decisions solely on the raw data that you're gathering no extra analytics required but once you go into the field and you're an OEM you would require some analytics in order to autonomously make controls for an onboard energy management and that's where our machine learning pipeline and commercialization goals are going towards next does that answer your question yeah absolutely it does and I do have a follow-up question because I get the appeal and why this is relevant about the onboard monitoring I'm curious what kind of would the price point be of the of the hardware and would it and the follow-up to that is would you think you make money from the sale of hardware or would it be some kind of subscription based business model where for as long as the device is in a vehicle or in application you also get recurring revenues yeah that's a great question in terms of the onboard energy management I understand that OEMs have quite tight margins and so it would have to be a volumes play at the moment we sell the hardware and software analytics package on a subscription basis for manufacturers of technologies that they're scaling up and to date we've closed commercial contracts of up to $500,000 in commercial value Canadian dollars sorry not USD with two energy storage applications and you'd mentioned Bruce an interesting topic in terms of dendritic growth being an issue for battery developers and that was actually the biggest challenge faced by our first client we went on site for a paid pilot in November with that client and within three days of being there they closed a commercial contract with us because the visibility they gathered when running their systems and gathering that type of individuated data on their systems allowed them to understand why their systems were failing to meet application requirements Well characterization techniques out there, especially for batteries and especially onboard vehicles.

49:40We're the only ones that are able to gather the type of data that individuates performance loss without any sort of analytics on top of that, using that impedance spectroscopy technique. And so we own the IP for that technique for all applications of electrochemistry, not just within batteries. And then in terms of... Sorry, I know you had a separate question. I'm not sure if that answered it. No, that was the essence of my question. Oh, how do you compare? Okay. Sorry, the comparison. Yeah, exactly. How do you compare and how do you differentiate according to that? Yeah. So the type of data we gather has a huge bias towards scale because it's individuated and it's real time. And what I mean when I say individuated is you're able to have visibility into not just an average performance metric of a cell or stack, but actual understanding of all of the different sources of performance loss for every single component, even within a cell. So an electrolyte, a membrane and an electrode, which allows you to scale up analytics with techniques like machine learning in order to just get more out of the data that you're gathering in a real time fashion.

51:02Thank you so much. Remy, do you have any question? Yeah, just a quick one. So from what you have described, it sounds like you do need to change the form factor of the batteries. And if that's the case, does it also mean that your customers will have to really look at the battery design in order to use the solution? That's a great question, Remy. So at the moment for specific applications where we're plugging on to the pilot scale, you know, stacks or reactors for electrochemical battery developers, we don't need to change anything. So you plug the hardware on within three minutes, you turn on the probe, which is our hardware, you connect it to Wi-Fi, and then you start gathering and looking at your data in real time on our dashboard. That's how we do it at the moment. In the future, we will have to miniaturize our hardware for onboard analytics within a vehicle. But the way in which we can do it is not to integrate within a battery because that would introduce heat issues and other kind of mechanical issues.

52:09How we'd like to do it is to have it be a separate device that just connects to the BMS controls of the battery while electrically connecting to a battery pack, you know, using wires or in an electrical fashion. And that way, it's still a plug and play. You don't have to change the mechanical form factor of your battery, but you're still gathering the data you're looking to gather. And that makes maintenance a lot easier. Thank you so much, Mariam. So on a scale of one to 10, Bruce, how investable is this startup? I'd say seven. I think the technology is very interesting. EIS in itself isn't an innovative technique per se, but I think it could be if deployed in the right way. And if it's truly a plug and play kind of system, I think, especially for the stationary energy storage, I think there's a lot of potential. I think for the OEMs in the EV market, it might be difficult to get in between there and be from an investor point of view.

53:25The risk is that you're going to be kind of squeezed out because there are only a handful of large clients like the Volkswagen and the Tesla that also have their own engineering divisions that could, I think at this point, perhaps replicate a similar system. But maybe your IP can protect that. I'm curious how that IP plays out. But at this point, I think that the potential is there. But you have to think about how you position yourself against the larger OEMs. Great. Thanks. So very quickly, Maggie, what are your thoughts? Yep. 8.5. I love that you have owned all the IP in the electrochemical space. Impedance. I love that you've characterized. That's always been a challenge with the anode. I've never been able to get that part out of it. And I think in stationary, there's a huge, huge advantage to having a technology like this, too, even if you have just a couple extra minutes before something goes wrong in the battery to detect it.

54:24So I think this is a great technology and excited to see where you guys go. Thanks. Remy, what are your thoughts? Yep. I'll go with an 8. Absolutely. Absolutely. The technology seems very interesting. On the stationary side, there's definitely a lot of very important use cases to be unveiled. And the fact that you guys have already $500 Canadian dollars worth of contracts coming in just proves that there's a lot of commercial validation. So from an investor point of view, I think there's the technical and the financial risk, the risk. Thanks, Remy. Stephanie, what are your thoughts? So I rate an 8. So I definitely see there's a market for this technology on operation and serviceability. You know, we're touching upon remote diagnostics for mobile. There's an application. But for me, I really see this as stationary as energy storage, especially for remote batteries, energy storage systems. So it's, yeah, I think there's, you've done a great job so far and you yourself as an entrepreneur, Mariam, you're definitely investable.

55:36I like your passion. I like your clear knowledge in the industry and you did a good overall pitch. So thank you. Amazing. Thank you so much, everyone. And thank you very much, Mariam, for this fantastic pitching presentation. And yeah, looking forward to have you back in the Q&A in the end. Okay. Then without any further ado, we're going to go to Nihal, the first one of the best. We're going to go to Nihal, the founder of Recyclo My Battery, a bit of a different organization, but very excited for your pitch. So Catherine, please play the sound and then let's go. Can you guess, can you guess what percentage of people around the world know that batteries should be put inside battery bins and not just the trash? What do you think? Maybe 30%, 40%, or maybe 50%. But actually it's 1%. I repeat, 1%. That's right. Only 1% of the people around the world know what the proper battery cycling process. And I think that's something we can change.

56:41Hello. My name is Sreenia Tamana. I'm a 12 year old and I want to talk about my interest in batteries. So it all started on my 10th birthday, which was special in more ways than one. So my dad lets me to keep up with things that are happening in the world. And he said that since now I'm a 10 year old and I'm growing into a young adult, I should start watching the news with him daily. So I would know what's going on all around the world. So that night I saw beside him to watch the news. And then a story was displayed on the news of which a lithium-ion battery completely exploded in a waste disposal plant in California. It caused unimaginable damage. It costed millions of dollars worth of damage. I clearly remember watching all the chaos and everything occur on the day of my birthday. And it was very scary to see. So my friends and I were all obsessed with drones at that time.

57:33And we all know that drones run on rechargeable lithium-ion batteries. So after I realized this, I made a quick connection between both of these items and I was shocked. How could my cool little toy potentially lead to massive problems like this? I turned around to my dad and asked him, can anybody do something about this? He answered by saying, yes, it's possible. But many people may be watching news right now and they wouldn't do anything to help. But that sound played in my mind. After researching as much as I told and talking to many other people about these challenges, I realized that the issue isn't necessarily with batteries themselves, but what we do with them after they have been used. After, as I mentioned before, around 15 billion batteries are thrown away across the world every year. Of these billions end up in landfills, where the tomatoes can cause bad pollution and even fires. So what's the solution to this? Well, I'm a realist and I know that batteries are incredibly useful.

58:32After all, I use them every single day. And so do you, your friends, your family, and basically everybody in the world. I certainly don't want to stop playing with my drone and people still need to use their phones, iPads, and electric cars. Can you imagine not using these things for one day? I can't. That means batteries are not going away. It just wouldn't worth trying to stop using them. The answer is recycling. That is when I decided to step up and help Mother Earth by setting a non-profit organization, Recycling My Battery, to help educate the ill-fights on throwing used batteries in the trash and to also offer safe battery bins with the help of Trot Recycle. So where are we now? Well, our bins have cluttered more than 75,000 plus used batteries. Recycling My Battery now has over 75 plus kids who are helping us out with the planning. And we are aiming to draw this even more. We've even managed to educate over 1 million plus kids and adults about the initiative.

59:31I just want to end this with my slogan. If I can make a better place to live, you can. If you can make a better place to live, we are 10. Thank you. Thank you so much for this fantastic presentation. Bruce. Yes. So many thoughts. Thank you so much for that pitch. Actually, it felt more like a story. I was very much engaged. Very, very, very well done. I think. Yeah, thank you so much. Yeah, you could be on Audible, like reading books as well. I would listen to you every day. I listen to you every day. So that's really impressive. I have one other question or a question actually. Are you combining this with school and how is it going? Yeah, we have been combining this to schools because kids are our future. So we combine combine this organization with many schools. So many kids are helping us out after I talk to schools about this issue. Awesome. And I'm curious. Among your, among the other kids that are involved, what are their motivate motivations for helping out?

1:00:48It's motivation because everybody wants appreciation. So every month or so, I appreciate all the kids and then this motivates them and they tend to work much and much harder to get all the appreciation they need. Amazing. Thank you. Meghi, do you have any thoughts? Yeah, absolutely. I don't, you have a very bright future and I think we all have bright futures because of people like you. I'm curious as to your geographical reach and how we can help you. So I have a small request for you on how you can help us. So please do recycle your use batteries properly. Because only you can make a difference to our mother earth. Copy that. Currently we're only in the United States of America, but we want to expand this organization around the world. So everybody can know about this battery recycling organization and the 15 billion batteries thrown away every year can be reduced down to zero. So everybody would know about the proper battery cycling process and they would recycle their used batteries properly.

1:02:03Thank you, Stephanie. Would you like to be next? Yeah, Nihao. You're great. I'm so happy that you came and to speak to us today. So really, really passionate for a 12 year old, but as you know, regardless of age. So thank you so much for that. I'm curious about how do you get your message across? Do you do speaking events? Do you, you know, partner with organizations? Like how do you get your message across? And also a follow up question to Maggie's like, how can we help you? Or what's the ask here of how can we get your message across? It's a super important message for sure. So how do we help you to get that across? So like we basically ordinance webinars. So we talk in webinars, live events, so people can just spread the message all across the United States of America. So we have expanded all the United States of America due to webinars, blogs, educational videos. So and also we did presentations at schools.

1:03:04So kids, you know, tell their parents and their parents will tell more and more people about this. And that is how we're expanding all over the United States of America. Great. That's awesome. Thank you. Thanks for me. Thanks for having me. Hi, Sury. Oh, thank you so much for being here. I'm just, I'm just overwhelmed by everything that you have told us and you know, what you're trying to do to save Mother Earth. And I thought this is just fantastic. My question to you is where do you want to bring this, right? If you are assuming you are really pitching in front of Dragon Zen right now asking for five, ten million dollars. Where would you take this? How would you want to expand this? And of course, how can we help you? I think that's been asked. Right now in the United States of America, Cotter Recycle is helping us out for free. But to expand this all over the globe, we have more, we have to partner with more companies and also plus shipping the battery bins.

1:04:07So the other countries cost a lot of money. So that's why we have to partner with other companies so we can transport battery bins to all over the world. Amazing. Thank you so much, everyone. Yeah. And I mean, I think you've all blown us away. And you know, I kind of knew it from a bit before. Also looking at your website, I can definitely recommend to have a look for that Recycle My Battery. You know, there's a lot of really nice information on there and really impressive work you're all doing with your organization. So I want to say a really big thank you. If there's anyone else who wants to kind of provide any, I guess it's not like an investable story really, you know, it's more nonprofit. But yeah, if anybody wants to reach out to you and you know, do questions later on, we're going to bring it back on the panel as well. Perfect. But just looking at time, we probably want to move to the next one and bring it back in here afterwards.

1:04:56If this is okay. Yes. I just have something to say. Is it fine? Yeah, please. Thank you so much, Katherine and Simon for inviting me over to speak in this conference. It's only because of you. We have educated many people on our meeting today. Thank you so much. Thank you so much. Thank you so much. Nihao. Thanks. Brilliant. And then, yeah, let's let's go to Sergio next, who is the co-founder and CEO of Dinami. At Dinami, we make microstructures and the co-founder and CEO of Dinami. At Dinami, we make microstructure lithium battery electrodes for faster charging and longer cycle life. The battery market is changing quickly as new mobility applications are coming into general use. The key understanding is that as devices and electric vehicles advance, we are moving from simple cost competition to competition on battery performance as well. Products in which the battery is expected to be a key differentiating feature are, for example, electric vehicles on which energy density and power density are important, especially for privately owned vehicles.

1:06:33And cycle life is also fundamental. It's a fundamental metric for fleet vehicles or other vehicles with high utilization. Most lithium battery architectures rely on amorphous blade-casted electrodes, and most companies just do innovation in the chemistry. To fulfill the promise of the cleaner transportation and affordable renewable energy, chemistry is not enough. The dynamic battery corp has developed a scalable cost effective technology to mass produce microstructure lithium battery electrodes. And our patent pending honeycomb electrode builds upon existing and future battery chemistry to make longer lasting faster charging batteries. We harness the effect of the creation of secondary born networks in battery electrodes, allowing better lithium-ion diffusion, hence faster charging and higher power. Our honeycomb electrode is mechanically superior to current amorphous electrodes, giving way to longer cycle life. Dynamics electrodes are fully compatible with existing and future battery chemistries, including liquid or polymer electrolytes and solid-state battery cells. Our technology complements existing design and manufacturing processes and is additive to the many other innovations in the battery space.

1:07:57We have just graduated from the Creative Distraction Lab Acceleration Program in Canada, and we are raising a $1 million seed round, of which about 70% is already committed. And the proceedings of this round will be used to make extensive honeycomb electrode battery testing in third-party industrial facilities and get closer to commercialization. This is Sergio Barron, and I'm Dan speaking. Thank you, Sergio. Bruce, would you like to go first? Yes, Sergio, thank you very much for your pitch. It's very interesting. I'm curious, could you, just for my sake here, could you elaborate exactly on the technology that you guys have? Is it the manufacturing process of the honeycomb electrodes, or is it the fact that you can produce these type of electrodes at all? It's a manufacturing process. We print these electrodes using industrial inject printers. We created inks and processes that make these electrodes. The interesting thing about that is that we can modulate many of the parameters on these poor networks at the manufacturing time, because our fabrication is digitally controlled.

1:09:22Exactly. And can you, so are you able to print different kinds of chemistries that are already in use in the industry? Or does it cater to specific chemistries only? No, that is exactly the first thing you said. We are chemistry agnostic. We can use most, if not all, available chemistries. So far we have done LFP and NCM. And in this larger testing we are planning, we're going to do LFP, NCM, and a nickel rich NCM compound too. Thank you. Maggie, would you like to go next? Yes, please. You know, the ink process is one that creates a lot of scrap in a normal production. Have you been able to look at scrap rates of your technology versus what's currently in manufacturing? That might be hard because that's not a public figure, but I'm immediately drawn to a reduction in scrap because of a more controlled process. Yeah, there's another advantage actually of our process. We foresee less scrap than current blade casting technology. To be fair, the yield on large production lines of electrodes using blade casting and slurries is not that good, especially because of the poor precision in the drying process.

1:10:58On the other side, we have a much more controlled process and we foresee less scrap on the contrary now. Perfect. That's what I was thinking. Yeah, yield and scrap would be a definite selling point. Hi, Sergio. So my question is around the C rates. And so what C rates improvements do you see with your technology in the future? Okay, we foresee a, we already have done some lab testing and we, what we do is A-B testing, you know, same battery chemistry. A battery assembled with a, with a, with a, with a honeycomb electrode that is with our secondary power network. And another battery with the same chemistry with no, with no, with no structure, with no microstructuring. And we see up to 40% increase on the, on the same chemistry. So our, our, our technology is additive to other, to other innovations or other parameters in the, that, that comes with a, with a, with a, with a, with a, with a, with a specific chemistry.

1:12:20I have another question, Sergio. Um, with this, uh, manufacturing method, how, uh, scalable is it also in terms of generating the right amount of outputs that you need, uh, on a production line? Is this, uh, does this require more time per, let's say square meter of, uh, electrode? Really good question, Bruce. Uh, we, I'm going to change it to, to, to a cost question because, um, feed in, in manufacturing is also cost. Uh, so the, essentially if we, if we, if we, if we, the, the, the, the parameter to make the process faster is parallelizing the production of the electrodes. Uh, so imagine, uh, what, what we replace is, uh, the, the slurry making and the, and the blade casting and, and the big ovens for, for drying the electrodes. We replace that. Imagine the worst case scenario is using off the shelf industrial inject printers, like the, for example, like the Xerox 3-bar for, for, for a, for a medium, small size, uh, battery, uh, manufacturing plant, let's say 100 megawatts, megawatt hour per year.

1:13:39It, it would be like, uh, you, to, to have exactly the same speed as blade casting, you would need eight of these machines in parallel. All right. Oh, no, well, no, it, it, it, and there, and there's another, and there's another better answer for that. Uh, electron making is about 50% of the cost of the battery, but most of that cost is not manufacturing, it's the materials. So even if we go, if we increase a little bit, the cost of, in the, in the, in the manufacturing, which in our case is not, it's not the case in the operational cost, but only in the, in the capital expenditure. The total increase is very low because the, the slice of, of course, that comes from manufacturing in, in battery making in general, I mean, in the electrodes in particular. It's very small. It's about 12%. Okay. Thank you. How do you, how do you make sure you grow at least two X on a, on a year on year basis to be venture scalable?

1:14:43Um, and what, what are your exit plans and timeline? Good question. Exit plans. Can you repeat that two questions, Ryan? Yeah. Um, IPO, trade sale, and trade sale to which kind of companies are looking to sell the company to? Okay. Uh, so, uh, good question. We already, we already had a conversation, um, since we, I don't know if you are familiar with the creative section lab, but it's, it's, it's an objective setting program. And one of our objectives was to contrast this technology against, uh, what we call battery luminaries. Um, for that, we had a very good conversations with top notch, um, founders and scientists in the, in the battery industry. Uh, we, we, we spoke with Tim Holme from QuantumScape. We spoke with a high ranking scientific advisor of Tesla. Um, and many others, and there was a big enthusiasm on, on our tech. So, but, but the, the, the, the, as, as, as our, as our plan advances, we are, we really want to have strong data on our own, uh, in order to get to the next, um, um, testing, uh, pilot, uh, piloting with, with these companies.

1:16:12Um, so most probably. So most probably an exit is it would be being bought by one of these companies, but we also have a commercialization plan. If you, if you are interesting. Thank you so much. Also, let's have a very quick rating on the scale of one to 10 for Sergio starting from Bruce. Let's go ahead. Yeah. Uh, I'm going to say an eight. I think, um, the technology is very interesting, especially, uh, considering the influx inflection point of conventional chemistries into, uh, EVs before the emergence of solid-state. So I think you might be able to capture that, but, uh, I'm a bit, uh, more worried about how fast you can scale up because I think that's the main question here to keep up with the market demand. Thanks Bruce. Maggie, what are your thoughts? Uh, six, just because I need to see a little bit more data and see it in action, but it would be eight or nine. If it can definitely fit into manufacturing processes seamlessly, uh, mainly on the reduction of scrap and increase in yield.

1:17:20Thank you so much. What about you, Remy? Um, yeah, it's a, it's a six for me. I thought the technology was pretty interesting. Uh, the, the one thing that makes me a little bit uncomfortable to invest would then be the question I asked, which is, I'm, I'm still not exactly sure which company would be buying this. Uh, I realized, uh, I think the reason investment I need as, as an investor. Thanks for me. So I'll rate a seven. Uh, definitely is interesting technology and really good that you're gearing up for, for a seed round, um, and already have 70% of that. So congratulations on that. Just a little bit of, uh, constructive, constructive feedback on, on your pitch. Um, just try to have a little bit more of concise pitch where you're also zeroing on what exactly that you do. Cause it wasn't exactly clear that you were focusing on the, the process, but overall, thank you for the pitch. Brilliant. Thank you so much, everyone.

1:18:23And, um, yeah, thanks so much, Sergio as well for your pitch. And yeah, we're going to, um, move you down to the audience. Toby going to have, um, everyone back in about a few minutes time. Um, now we have something quite exciting plan to try to actually call in someone from outside, um, outside, um, clubhouse. Because as you know, not everyone can call in actually this person is based in China. I'm Sue from, um, Bo tree cycling and Catherine, do you want to try to, to call her in now? Does this work? Uh, hello. Can you hear, hear me? Yes, we can. Okay. Yeah. Thank you everybody. And the same time for, uh, inviting me. I'm sure one from Bo tree cycling. Uh, actually, uh, our work can be correct to with the, how that, uh, he just introduced to that, uh, his, the team's the wonderful work on collecting, uh, these, uh, batteries. And what we do is to, uh, close in the loop for, uh, these from my batteries, the, by critical metal regeneration.

1:19:26That is, uh, we are, uh, focusing on the innovative technology and, uh, process to support a sustainable, uh, battery metal supply chain. Uh, in battery supply chain, we provide the solutions, uh, not only for refining metal preparation, but also, uh, in the, uh, downstream, uh, uh, code, uh, uh, uh, uh, supply chain of dismantling and, uh, extraction. We also provide, uh, solutions for the, uh, critical metal regeneration. Uh, our team has been working in this, the battery, uh, industry for more than 10 years. Uh, and, uh, uh, uh, we are graduate from, like, the Chinese Academy of Sciences. Uh, I, myself, uh, from, uh, from, uh, in Belgium and also from Japan, uh, uh, Wastida University, uh, uh, Central. And, uh, we also, uh, published, uh, our team also, uh, some, uh, major, uh, authors of some, uh, books like the blue book of power battery in China, white book of, uh, spent power battery recycling in China. We, uh, we, uh, already also already applied to for more than, uh, 50, uh, Chinese patents.

1:20:51And also we are applying for, uh, PCT for protect our IPs. Uh, now we are based in China and we are also setting up our, uh, our, our, uh, subsidy, maybe in, uh, Germany, Germany in the coming, uh, uh, coming months. Uh, for the, uh, battery, uh, Nissan battery, uh, battery recycling itself. Uh, we already had, uh, innovations in all the flow sheets, uh, from dismantling, uh, leaching, a pre-nissom recovery, and also the, uh, critical metals of nickel cobalt extraction. All these elevations, we already had the pilot to scale, uh, uh, implement, uh, exhibition, uh, with the Chinese, the K, uh, industry players. Also we have R&D, uh, uh, uh, plan to form that we can, uh, continuous develop new technologies. Uh, I will escape our process and the technologies based on the time limit. And the, but I want to mention that we, uh, except for the technology itself, we also design the equipment for our technology and the do the manufacturing. For example, we also, uh, we also had, uh, already, uh, portable equipment.

1:22:15So that's the, uh, for the equipment for our process that, uh, uh, with, uh, treatment capacity of 2000 tons, uh, uh, spent battery per year, uh, then to already be sent to, to the Chinese companies. So therefore we can easily, uh, correct and the trade today. Then the batteries, uh, currently, now we already have. Okay. Okay. Okay. Okay. Okay. Okay. Okay. What'd you like to, what'd you like to get started? So, uh, now we already have, uh, uh, uh, uh, 10,000, uh, more than 10,000, uh, uh, towns per year, uh, projects outside of China for the designing of, uh, recycling, uh, vicinity, uh, in South Korea. And also we have, uh, several projects going on for, uh, industry. So together we also would like others to join us to make the, uh, clean energy cleaners. Thank you. Julian, thank you very much too. And yeah, maybe it's a bit tricky with, with the feedback, but Bruce, would you like to get started? Do you have some thoughts?

1:23:34Hi, thanks, uh, Siuang. Um, I think the, the space you're trying to tackle is, uh, very, very, uh, promising. Obviously the loop needs to be changed of the whole supply chain. Um, it sounds like you have a lot of different technologies that you're trying to develop. Um, is it true that, uh, you're trying to, uh, gain expertise in all basically different parts of the supply chain? Um, metal refinery and preparation would also sell, uh, end of life, sell, uh, dismantling. Uh, or are you trying to focus on a specific part of the, um, supply chain of, uh, of batteries? And so if I could quickly chime in, how about we collect all the questions? I think just makes it easier logistically. So if you want to just take all the questions together, so Maggie, Remy, Stephanie, if you want to add some questions, then let me just do them all at one time. Okay. Yeah. So I'll just follow up on Bruce. Um, I was unclear on the business model.

1:24:44And if you're looking to, if you're going to be set in China, or you're looking to deploy your technology to other locations. Yeah. Um, I would love to know about what are some of the use cases that you have with, um, existing clients. Thank you. So my question would also be around commercialization because obviously battery prices are going lower. So very interesting to hear how this process would compete, um, against the, the battery prices going lower. And then also in terms of the, the partnerships, I understood it was more around universities. Um, but are there any industrial partner partners or any partners in the industry currently? Okay. Okay. Uh, thank you all for all your questions. First of all, the answer to the first question that, uh, allow women, uh, focus on the battery recycling, but because the refining also, you similar technology. We're going to probably, uh, use similar, uh, extraction, uh, method. So we, our technology, uh, not only can be used for the recycling, but also can be, uh, used to bring the, in the recycling part.

1:26:08Uh, in the, uh, refining parts. Uh, for the second question about, uh, our, the location. Uh, actually now, uh, most of our customers are outside of China, uh, like in Korea, Japan, and also in US and, uh, Europe. So although we are, uh, born in China, but we are, uh, very international and we have many, uh, international clients because, uh, uh, banter recycling, uh, is not only the problem of China, especially after the, uh, Chinese ban of, uh, was only the waste to import. And also, uh, during the, uh, and new banter regulations in Europe and also, uh, some activities in the US. So I think there are the demand, uh, not only in China, but, uh, I, I mean, it's globally. So, uh, may have many, uh, commercial, uh, clients, uh, that are contacting with us to, uh, collaborate, uh, for the banter recycling, uh, for sanities. And also we provide, uh, consulting for, uh, for our technology and the tool, uh, designing for their plans.

1:27:23So, uh, this also, uh, uh, answer the questions about the partnership and the industrial, uh, players. So actually, uh, because I said we had more than 10 years of working experience. So actually in China, we have, uh, more than 30, uh, industry players and, uh, many of our, uh, uh, clients or the partners, uh, top four players, like a fire cupboard and, uh, others. So, uh, uh, uh, outside of China due to the, uh, uh, NDR. So maybe I cannot, uh, uh, spell out the names of these companies, but, uh, I mean, uh, but basically we, uh, have, uh, uh, a very good, uh, progress. And, uh, our equipments also already being, uh, tested and the finish the pilot scale and are ready to, uh, send it to the customers. Thank you. Brilliant. Thank you so much. And, um, yeah, with this, maybe we can do one quick round, Bruce, Maggie, Remy, just definitely just a quick number. And, um, yeah, there'd be to the Q&A with everyone.

1:28:39Right. I'll start off. Uh, I'd say this would be a five for me. Um, to me, this sounds like very much of an engineering, uh, business with not per se so much innovation, especially. Uh, because you're trying to tackle a lot of different problems at the same time. So, um, I'd be more interested in seeing one kind of breakthrough technology, uh, that I can, that we can, uh, invest in rather than a whole suite of solutions. Um, that, uh, at this point in time, weren't super clear for me. Uh, six, 6.5. I think there's definitely a lot of space for this type of innovation. Um, but agree trying to focus on one thing and getting that done and getting that right. Um, would be very beneficial to, to the supply chain. Remy. Remy. Yep. Hi. Um, it's a 3.5 for me. Yeah. As of this point in time, um, really because we have seen too many startups, too many early stage startups, I should add, uh, fail because they absolutely don't know what to focus on.

1:29:46Um, and trying to please everyone is a sure fire way for at least it shall have the fail. Having said that, once you find a niche, um, and your customers might be able to give you what the niche is, uh, go full, you know, full steam ahead in that direction. And this can easily rise up to the 7.5 and the 8. Thank you. And from my side, I'll say a four, this is definitely technology that's for battery recycling, clear need for the world, but still have a lot of questions on the commercialization. So that's probably to come, but those are my questions and, and Shu, I think you, you're, you're knowledgeable. You have a lot of information. Um, but it'd be really good to have, you know, really work on your, your pitch to have a more concise pitch. Thank you. Thank you very much, everyone for, for all these feedbacks. And I think we also want to shout out to, to, to Sue, but also everyone else who presented today.

1:30:36I think we have some really interesting pitches. And of course we very much appreciate that in the short time, um, you know, we're going to be a little bit more. Um, you know, people have been pitching. It's very hard to bring all the knowledge across, but I guess, you know, part of the idea of today is, you know, if you would have this one elevator, right. This is your favorite, you know, investor and favorite potential partner expert, or be like, you know, what would you tell them and what would you like to get from them back? Um, so just looking at the time, you know, we appreciate it if that we already at the end of the time, we set one of ours, but we hope that maybe some people can stick around for another like 10 minutes or so, because now we have everyone back and just want to do a big applause to everyone who pitched today. As well as a massive, massive shout out to all the incredible panelists and experts and investors with us as well.

1:31:18So they can see if, I mean, for the people who cannot see it, if you have flashing microphones all around and now the great time to actually invite some people on the stage. We want to bring in some additional questions and yeah, if you want to base your hand, I think that functions allowed. Now we can do that as well. I think that's some before. Otherwise we can also, if there's anyone here who wants to ask any other. Okay. Now people are coming on stage. We have Max, we have Reza. Max, do you want to go ahead? Sure. Um, so I guess I, my question is this, um, I'm looking for advice. I'm not looking to pitch yet. Um, I'm 20 years old, but I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm 20 years old. I'm not looking to pitch yet.

1:32:08Um, I'm 21 years old and I have a basic design for, um, a battery that's completely wireless. Um, that it's that fits for motor boats, washing machines, and vacuum cleaners. And I don't have a chemistry background. I'm just obsessed with research. And I've been, I researched this for over four or five years before I came up to the right material I need for it. Now I'm at the stage where I got to, I got to build a prototype. I'm on Long Island. I live in New York. Where, what laboratory do I go to do this? Who should I go? What group should I do? How do I do this? Um, Brookhaven is coming to mind right now. I did a lot of research there. I don't know if you have any connections or how close you are to there or if you know anyone there. I don't know anyone personally there. I have another place out there. Oh, okay. Um, so I'm not sure where I should go to do this, but that, that's what I got going on right now.

1:33:04I got a, I got a battery the size of a hockey puck that lasts 15 years and it could fit in washing machines, motor boats, cars, and, uh, and, uh, basic appliances per se, as well as, as well as mechanical vehicles. Um, so that's what I got and I don't know where to go to do it. Uh, perhaps some advice and also a little plug for, uh, the BatteryMBA. Uh, this, uh, what Simon and Catherine are setting up, um, for, uh, aspiring entrepreneurs in the battery space. I think, uh, the BatteryMBA, if you don't know what it's all about, uh, I think it's a crash course of how to become well-versed in, uh, kind of the battery tech. But also the commercial aspect, uh, and that Simon and Catherine are running. And I think that she also provides with some very interesting links to connect you further, uh, to get into contact also with labs and, um, universities to develop the tech further.

1:34:08So it's called, what's it called? Um, battery, BatteryMBA, like the MBA, exactly. Okay. Am I pitching that right? I mean, you do the better than I could. Yeah. Battery.mba. Thank you so much. I'll be a lecturer there as well. So, and, um, yeah, some really, really exciting things happening. And Stephanie is there as well, and really excited for it, uh, also feel free to connect with me on LinkedIn, et cetera, happy to tell you more about it. Thank you. Vesa, would you like to connect? Thank you. Very informative club you have here. Very nice. I learned a lot. Mar, I tried to search you on LinkedIn. I couldn't find you. I'm very interested to connect with you. I mean, you're working on OEM, but I'm very interested to work on retail side. I've been working on this technology for some time. I've been working with some of the Chinese, but I have not been able to find a good solution yet. The market is there in retail market.

1:35:07Oh, yeah, market's fine, but there's no margin, in my opinion. They're really squeeze really hard. They have the power. In retail market, if you're interested, I could invest. I could license your product. I could help you with manufacturing. Whatever model that works for you, it's got to be a win-win. First, we will do an NNDA, our sentient NDA. And if there is a vision, I'm sure we could come with a strategy to develop a win-win solution. If not, then at least, you know, we connect. And hopefully later on, we could help each other. We appreciate it. Hi, Reza. If you've got your LinkedIn, I can also follow you or I'll try to find you on LinkedIn. But that would be wonderful. I'm curious to learn more about the retail side as well. Great. Thank you. Again, everybody talks about EV. I think EV markets are getting pretty crowded and it's very hard to get in. But there are many other markets. And personally, I have a problem that I think is a solution.

1:36:08I've been testing it. And I'm an outdoor guy, so I do a lot of camping. I have an RV. I have an RV and there's a big headache when you don't have a power to run your air conditioning. So there's a huge market. Definitely, I could give you more details. The system got to be integrated though. I could help you with integration. I have invested in other companies. They're looking for this technology. So it will be win-win, not just for me and for you, for others as well. Thanks a lot. All right. Thank you, Aza. I've just added you on LinkedIn. Okay, great. Thank you. Thank you, Heather. I'm very excited that there are some potential links coming up here and some potential deals. Crystal, would you like to be next? Hi. I mostly wanted to ask, is your name Mark? Because I tried to find you on LinkedIn and I wanted to learn more about your company. I didn't catch the name of it.

1:37:09I actually did some research on like fuel cells using like the equipment that you described with the impedance-based spectrometer and, but in a lab setting. So I kind of wanted to learn more about how you like thought of this great idea to, and also applied it to like scaling. So yeah, if you could tell me like your, share your LinkedIn or the name of your company, website, that'd be cool. Hi, Crystal. I actually think I just found you on LinkedIn. So I'll add you on there. Our company name is Pulsenix, P-U-L-S-E-N-I-C-S.com. Awesome. Thank you. Well, thank you. And also a quick plug, feel free to connect also with Catherine on LinkedIn because she posted a post with all the links and all the people who pitched today. And you're probably also going to put it on the batteryevolution.club website as well. So if you're interested to have another look of the amazing people and the amazing companies and organizations who have pitched today, you can find them there as well.

1:38:12So, Males, did you have a point? Yeah, I have only one question probably for the Max because you didn't present your invention or your company. So maybe if you can, if you want, I don't see also any contact information. Yes, yes. So basically, I'm a fresh on startup. I'm not, I don't even have a company yet. I basically have a design, a mechanical design to create for a battery that you don't need to plug into a wall that could power your hardware in your house, like your washing machine, like your microwave, like your vacuum cleaner. You don't need to plug it in ever last 15 years. And it could also work in cars, but it's more, you have to pay a little more money. Actually a lot more money and for motorboats as well. Motorboat engines. And you don't need to, you don't need to charge it. You don't got to worry about that the last 15 years. Yes, it's sounds to be too good to be true, but I'm willing to explain.

1:39:11It's through chemistry. Vanadium is, is one of the secrets I got going on with this design. Vanadium. Yes. Maybe if you can contact me directly. Of course. Because I don't see any contact information for you. Of course. I just jumped in here. Yes. Yes. I will contact you. Absolutely. Amazing. Yeah. Just looking at the time, we already been running with over and we appreciate that it has been longer than, you know, we originally said. So is there anyone who has any last kind of thoughts, anything that would like to ask? This is your chance. Otherwise, you know, I think based on how much fun it was, I'm sure we're going to have another similar version like this in the future. And we will let you all know about it as well. Does anybody have any final question thoughts? Otherwise, we can also close it up and I will leave it to Catherine to do so. I would like also to the same for the Mar, like the other people.

1:40:10I'm interested to explore your opportunity. I mean, opportunity to invest or to partner with you in your company. So if you can contact me directly somehow, it would be great. Amazing. High demand. It's great to hear that from our side as well. Milos, was that for me? Yes, it was for you. Okay. Yeah. I'll add you on LinkedIn as well. Yeah. LinkedIn or through Twitter, whatever you want. Okay. Okay. I don't use LinkedIn a lot, but I'm on LinkedIn. So. Okay. Wonderful. I'm actually not on Twitter. So we'll have to do LinkedIn or email if that works. LinkedIn is fine. Okay. Amazing. So maybe then, you know, we can kind of wrap it up as well. For today. I just want to say for my side as well, a big thank you for everyone to participate today. You know, this was one of our, you know, wild ideas, similar to how we all started. But revolution. So people who know the story, Catherine and I met on clubhouse 16 weeks ago.

1:41:27And since then, we have been running these, these weekly sessions and we have a lot of fun while doing so. It was also really fun today to actually have more people, you know, on the panel here. So extremely grateful for Bruce, Remy, Stephanie, and Maggie. Which was just incredible fun. Also, I can say from a, from a starting point, even us just getting, you know, all together and kind of planning this just before even lots of fun as well. So really, really grateful for all of you to be part of this. And also, of course, really, really grateful for all the amazing startups who were brave enough to, you know, to speak up. And I know it's different. You know, a lot of you are more used probably to give slides and have like all these nice backup, you know, information. But this was, you know, just an audio and I think you did all really well. So extremely grateful for all of you to spend your Saturday with us.

1:42:12Yeah. And then, you know, as we said, we're going to do a future version and this might be a little plug. You can follow Catherine, myself also here on Clubhouse, the same as you can do with everyone else who's on the panel you're interested in to hear more from. And yeah, if you're also quite active on LinkedIn, so Catherine and myself. So if you want to connect with us there as well, because that's the platform we're also using to announce these kind of events. Yeah. And then maybe Catherine, do you want to kind of have some other thoughts and then maybe also we can think about what we're going to do next week. Yeah. So just to echo what Simon said, thank you all so much, especially the panelists and the startups who have taken their time to do this with us. And this is our first, please let us know how we can improve and, you know, make it better for the other sessions.

1:42:59So I will also connect with all of you after offline just to see, you know, what are some of your thoughts, feedback, et cetera. And to the audience, some of you have signed up on our battery revolution from who want to participate in this. And thank you all so much for your participation. And we really look forward to having you back next week and the following week as well for battery revolution. So thank you so much. Sorry, this dragged on more than we anticipated, but we hope you had a great event. I would love to play the music again, but I think due to technical difficulties, a bit difficult at this point. So thank you so much for bearing with us as well as we try this out for the first time. Really hope that you have enjoyed it and please do let us know how we can improve. So yeah, have a great night, evening or morning for everyone. Thank you all.