"Electrovaya has stated that they can not currently take on new customers because they are capacity constrained. " 

At this point they have initial orders...testing POs... they are preparing for an increase in demand. Which will come as they are partnered by the Clean Fight.

Dr. Raj DasGupta

The Company continues to focus on developing additional OEM relationships in the material handling and other sectors. I expect us to be successful in announcing some further relationships in the near future. We have also received some initial orders for our high-voltage battery systems. As I mentioned earlier, we are investing in a new automated manufacturing line, specifically designed to meet the needs of these types of systems. This will come on line in the calendar year -- Q2 of 2023 and will enable the Company to start deliveries into new markets, including electric bus, truck and other applications that utilize high-voltage battery systems. High-voltage battery systems will also be used for stationary energy storage systems, and we recently announced that we plan to develop batteries for this market, which will also be based on our Infinity Battery Technology platform.

and

So, this automation is really specifically targeted for our high-voltage battery systems. So, our high-voltage battery systems require a different type of module design. And we're installing an automated module assembly system here, which will enable us to build these packs more quickly. And the system that we're installing actually has some flexibility so we can make customized battery packs more easily.

With regards to revenue, we haven't included high-voltage battery system revenue in our forecast for calendar -- for fiscal year 2023. That -- our models are strictly based on our material handling products. That said, I would expect high-voltage products to become hopefully, a significant portion of our revenue in fiscal year 2024. Fiscal year 2023 though, we are proving out the systems, we'll be working out new OEM agreements and really getting our product to -- in customer hands. So, there's lots of demand for high-voltage battery systems. We do have prototype systems in vehicles today, but we want to have this production line in place so that we can take these larger contracts.