Revenue increased to $2.6 million (C$3.3 million), compared to $0.9 million (C$1.1 million) in the fiscal first quarter ended December 31, 2019 (“Q1 FY2020”). The year-over-year revenue growth reflects growing customer demand.

https://apnews.com/press-release/accesswire/business-technology-products-and-services-new-products-and-services-automobile-parts-manufacturing-59cc2c69e90b6f78b3fc3ee8c2fae714

Q1 FY2021 Business Highlights:

• The Company is preparing its application for listing at a major U.S. stock exchange and, as part of the process, is asking shareholders at the AGM to vote in favor of a resolution to allow a consolidation of its Common shares.
• The Company’s UL2580 listing has been received across more than 25 different battery models, an important safety milestone
• First product deliveries completed to a major U.S. big box retailer in January under the Raymond Strategic Supply Agreement
• Increased investment in R&D and strengthening of the Company’s patent position.
• Investment in process, production and scale-up equipment electrode and cell-making to facilitate expanded work on its proprietary and patented unique non-NMP electrode production process and work on ancillary areas.

Looks to me that they are working toward production of a solid stste cell.