Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 209

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 209
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 sold and deployed in large factories and warehouses primarily for material handling applications for its automotive, industrial and retail distribution customers. Our mission is to develop reliable, innovative, and efficient HFCs to accelerate the development of the hydrogen economy for clean energy transition. Founded in 2007 in the United States and incorporated under the laws of Delaware in 2017, our corporate headquarters are located in South Carolina and we have built our business around driving the transition of global transportation systems towards a more sustainable and efficient ecosystem. Through over 15 years of R&D and engineering, we have established ourselves as a leading innovator in the rapidly emerging HFC industry in the transportation industry, with an initial focus on material handling equipment, notably forklift trucks, with ongoing product development for other heavy duty commercial vehicles and stationary power applications. Our HFCPUs for material handling now cover three major classes of industrial vehicles — Class 1, 2 and 3. Our HFCPUs for industrial vehicles are designed to provide reliable and efficient performance in a wide range of operating conditions. We have developed proprietary and patent -pendingcontrol algorithms and monitoring systems that enable our HFC systems to adapt to harsh working environments, minimize the risk of performance issues and maximize uptime for our customers. In addition, compared with battery -poweredsolutions, which generally require approximately one hour for lithium -ionbatteries and four hours for lead -acidbatteries for recharging, our 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. We have successfully deployed our 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. Our immediate growth strategy is focused on leveraging our proven HFC technology, customer relationships, and manufacturing capabilities to expand our market share in the HFC forklift segment that is emerging rapidly in the U.S. We aim to expand our market share and sales first through increasing penetration and sales to our existing customers, including our partners in forklift manufacturing, distribution, wholesale and HCF services, as well as direct, large end users. We are targeting new customers in the automotive, industrial, logistics, and retail distribution companies, and we also plan to expand geographically into non -U.S