Hi, I'm Ron Wartell. I'm a senior editor here with Investor Intel, and I'm talking with Dan from Nano1 Materials. Dan is working in the lithium battery space. Their company has new technology, new ideas on improving the manufacturer and the reliability batteries. Can you talk more to that? Yeah, great. I've certainly appreciate being here and being able to describe it. So we work on the process for making the cathode materials. That's one of the electrode materials that goes into the battery. It's comprised of lithium and nickel and manganese, or lithium iron and phosphorus, and then a whole bunch of additives and coatings. It's a very complex, composite material. So we have ways of improving the process for assembling all of those atoms into the right structures, and then we have developed intellectual property and patents for the resulting materials that come out to improve the performance, interability, and safety of the materials. Can you say just basically how your process is different than what the rest of us are doing? Yeah, so in the industry right now, I'll give you a couple of different examples, but we use different raw material supplies coming in. That helps us drive down the cost. We take the coating and the precursor steps and the lithium steps, and we put them all into one reactor, so we have one pot, and all goes into one, and that cuts the number of steps and reduces the cost down. But it also allows us to form the right crystal structures very early and spend less time in the furnace. The result is a pure crystalline material that performs better. So you're saying you're going to make a premium cathode material, and hopefully that'll be wanted in the market. Yes. I've heard that Tesla is looking at the million-mile battery. Can you say how your process fits into that? Yeah, so Tesla, Tesla Researcher Jeff Don at DellHousey University did a fantastic paper showing that you can actually push batteries out to kind of a million miles for a car. Most of their research is based on the electrolyte. That's the liquid that goes in the battery that connects the two electrodes. But at the same time that they used a cathode material that was supplied from a Chinese manufacturer, that is what we call a single crystal technology. Very large particles that take forever to grow in a furnace, they're very expensive, and they're actually not commercially viable. To use that in combination with Jeff Don's and all the electrolytes to prove out this kind of million-mile battery theory. So happens we have intellectual property and patents that have a much smaller crystalline nano-crystalline coated material that's very much akin to what they were using. Chip ours is commercially viable. So we use a process that is environmentally friendly. We have no waste stream. We combine all of the coating and the crystallization and all of the preparation of the nickel manuines and cobalt all into one step. So it's fewer step, there's less energy, there's less waste, and of course it results in a longer lasting material that could lead to a more durable battery. A more durable battery means that you can charge it faster, you can be more aggressive on the charging, and you can be more aggressive on the range on a day by day basis. That's really incredible. What is the next step for the company? Where are you? Well we've got really three different streams of technology we're working on. The one I just described is single crystal NMC stuff. We're also doing single crystal technology in lithium iron phosphate, which would be using electric buses or grid storage or entry level vehicle type of applications. And interestingly enough another sort of Tesla link there, Tesla week and a half ago, announced a deal with CATL, or at least there's a ledger deal with CATL in China to put lithium iron phosphate in their Model 3s. And that actually speaks right into our book because we've been saying that LFP is going to play a fun, still play a very fundamental role in electric batteries. And Tesla's basically saying yeah we can put this in entry level vehicles as well. We're working on the single crystal materials with Volkswagen and a bunch of their peers in this space, although undisclosed right now we don't have, we can't really talk about them. Certainly, yeah. And then we're also working on a no cobalt version of the material, which we've spoken about extensively on investor intel in the past. And that's primarily aimed towards next generation solid state batteries, where this material is very highly suited. It's very high voltage. It can only be used in those kinds of batteries. And ultimately it's got no cobalt and it's very fast charging. So we see that kind of in the five to ten year time frame. So those are really the three areas we're working on and we're very excited about what the technology is going on. That's very good. That's great innovation. Thanks for telling us that today. Okay, great. Thank you. Appreciate being on here.