Looks like Jamestown will be needed to augment Cell supply to the production line very soon.

The following taken from Q1 conference call edited transcript.

In this fourth quarter, we had a record revenue of $10 million, which was also EBITDA positive. Two key mile stones, which position us to meet our guidance of $42 million in fiscal year 2023. One thing that I think is unique about Electrovaya in the clean tech and battery space in general is that we are managing this growth at near breakeven levels and we will be positioned to move to a cash flow positive position in 2023. We are achieving this despite expanding our research and development efforts for our commercial and solid-state battery products, growing our head count and planning investments for increased capacity. We've been frugal and extremely effective in our execution of this strategy, which I think more people will appreciate in these times of high interest rates and a focus on corporations who can both grow and do so profitably. The revenue in the fourth quarter was achieved while managing a growing operational team and additional equipment, however, still operating within a single shift. We have established systems that will enable us to grow further. This included achieving ISO 9001 certification in July and adding some key quality and operations staff. Furthermore, we are embarking on some innovative automated assembly methods, which should come online in fiscal year Q3 to support assembly of high-voltage battery systems in addition to new customized battery systems. With these enhancements, we expect the Mississauga facility itself to be in a position to support in excess of $70 million in revenue annually with minimal additional capital spend. However, we see the need to support further growth, and this brings me to our Jamestown, New York expansion plans. As we announced in October, Electrovaya plans to establish our first Gigafactory in Jamestown, New York. This facility will be central to our strategy in increasing capacity and enabling Electrovaya to enter new markets. Our highest priority is to establish our cell assembly at the facility, thereby augmenting our current contract manufactured products. This vertical integration should have a positive impact on our gross margins. Furthermore, cell and module output will be eligible to access inflation reduction act incentives, further increasing the financial benefits of reshoring these activities. Finally, from just an assembly perspective, this facility can mirror our Mississauga facility operations, thus increasing the final system capacity by a significant factor. I would expect us to have final assembly up and running in Jamestown first, and we are targeting start-up operations during the first half of calendar year 2023. The cell assembly capacity is capital-intensive, and we are in late-stage discussions with 2 government-backed entities to help support these investments through low-cost loans.