Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 219

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 219
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 decade. Competition Infintium competes firstly with battery modules that power electric lift trucks where electric batteries today are still the main source of power. Leading companies that supply lithium -ionbatteries for the heavy transportation industry include LG Chem, Panasonic, Tesla, CATL, and Samsung SDI. Companies that supply lead -acidbatteries include Crown Battery, Johnson Controls, East Penn Manufacturing, Trojan Battery, Exide Technologies and EnerSys, etc. Infintium believes that with the faster charging refueling, less space demand and more environmental -friendlycharacteristics, coupled with strong government incentives and subsidies that help lower ownership costs, its HFCPUs will continue to gain market share against lead -acidand lithium -ionbatteries. Infintium also competes with other HFC manufacturers in providing HFCs, and Infintium expects competition to intensify as the HFC market expands. The global market for hydrogen fuel cells today is highly fragmented, and the number of new companies entering the HFC market is likely to grow. Leading companies that provide HFCs for lift trucks include Plug Power, Ballard Power Systems, Doosan Fuel Cell, Toyota Motor Company, and Nuvera Fuel Cells, etc. In the U.S., where HFC penetration and growth are among the highest across the world, the market is currently led by Plug Power in terms of total units installed. Infintium aims to compete with its innovative technology, proven track record, robust partnerships, and strong customer support, which together enable it to effectively address the rapidly expanding HFC market and growing concerns of large industrial and retail distribution customers about relying on a single fuel cell supplier. In addition to product benefits, features such as advanced remote monitoring and diagnostics capabilities that allow Infintium’s customers to track system performance in near real -timeand optimize their operations, Infintium believes that its transparency and data -drivenapproach also sets it apart from competitors. Infintium believes that its focus on developing and providing HFC products and services for material handling and heavy -dutytransportation applications gives it strategic advantages against competitors that provide more vertically integrated and expansive product and service portfolios, which might include other HFC applications as well as hydrogen production, transportation and storage and which might dilute management attention and require far more resources to support. Infintium believes that its strategic focus enables it to better address the unique needs of each of its customers and provide more timely and tailored services. Business Strategy and Growth Initiatives Infintium’s immediate