Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 49

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 49
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 lead -acidbatteries for recharging, Infintium’s HFCs take less than three minutes to refill, enabling a longer shift of operation and saving significant downtime. HFCs also eliminate the need for battery swap and charging rooms. Infintium has successfully deployed its HFC power units with renowned industrial brands such as BMW, Mercedes -Benz, Hyster -Yaleand Ford, and are in the process of deploying in major retail chains with substantial warehouse facilities and footprints in the U.S. as well as select foreign countries in North and South America. Products and Services Infintium has developed a comprehensive portfolio of over 18 different HFC products, designed to be compatible with a wide range of electric industrial vehicle models in the market. The Company believes that its HFC power systems offer superior performance characteristics compared to traditional lithium -ionbatteries, including higher energy density, faster refueling time, more distance coverage per fill, and a broader operating temperature range. Infintium’s HFC systems, manufactured and assembled in its South Carolina headquarters and factory facility, are designed to comply with relevant safety and performance standards. The company closely monitors the evolving regulatory landscape to ensure that its operations and offerings are aligned with industry requirements. Infintium has achieved a cumulative runtime of more than 1.5million hours in customer sites that typically demand fast turnaround times and high throughput across multiple shifts per day. Infintium’s current products for sale consist of fuel cell power systems for industrial vehicles. Infintium’s product lines under development include HFCs for trucks and buses and HFC fuel backup systems. For a more complete description of Infintium’s products, see “Information About Infintium — Products and Services” below. Competition Infintium considers the following to be its competitors: (i) Producers of battery modules which power electric lift trucks with lead -acidor lithium -ionbatteries. 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 refueling, less space demand and more environmental -friendlycharacteristics, coupled with strong government incentives and subsidies that help lower ownership costs, HFCs will continue to gain market share against lead -acidor lithium -ionbatteries. (