Kang Sun: Yes. The Amprius Lab in Fremont, okay, we will have 10x more capacity than what we have today. That’s very, very significant. In addition to that, we will have this large tool in place. This is going to improve our battery performance as well, because we have better uniformity, we have better control of our anode manufacturing here. So, for the – at this time, we still customize our batteries, it’s design for specific customers, or for major customers. So, the smaller customer, of course they take whatever we have here. Now ultimately, not only we wanted to standardize the battery cell, the industry is moving to better direction as well.
Chris Souther: Okay. And on the pack side, though you called out visiting two pack manufacturers, as you are kind of starting to standardize the sales, is it more standardized pack that you expect as well?
Kang Sun: Yes. We have – Chris, we have two types of customers. One type of customer is OEM, for example, Airbus. We work with them directly. Since we are cell – battery cell manufacturer, so we rely on – our customers rely on the tech company or a module company to put those together and make a module and the pack for their commercial application. So, the pack companies are very important customer of Amprius Technologies as well. So, those two customers, we visited the leaders in this business. We already have standardized the module to supply to the industry. This – the main purpose of visited is to discuss long-term working relationship supply agreement from now to 2025 and beyond. This is very important because we have 500 megawatt facility is under construction. By the time when we finish we need to have a full capacity operation. This was the purpose of this visit. We have very good retention with the customers at this time.
Chris Souther: Yes. Now, it’s good to hear. I will hop in the queue. Thanks guys.
Operator: Thank you. Our next question is from Tim Moore with EF Hutton. Please proceed with your question.
Tim Moore: Thanks. And your shareholder letter commentary today was insightful. I have got two questions here. Your commercial success is quite evident with 27 total customers shipped this quarter, up from 16 a year ago and 19 in the March quarter. As I think out to your added capacity in that plan for year 2025, how do you prioritize the production for specific customer proposals that come across your desk? I mean clearly, the U.S. Army Safe Cell Development in the works just two summers ago, the BAE Systems stratospheric flight batteries were nice headline accolades. But can you maybe share and rank maybe how you handle the incoming opportunities and prioritize them? Is it this year, you are trying to demonstrate a wider range of applications for your offerings, like solar and flight and Army, or is it really more based on something like sales potential 3 years out from a single customized customer?
Kang Sun: Yes, Tim serve our existing customers, certainly is our priority. Those customers show the loyalty to us. So, we have, for example, Airbus, we have been working with them since 2018. So, existing customer certainty is our priority. They have priority on the capacity allocation. But we have a lot of inquiries over the market. That’s the reason we build a new capacity. The Fremont capacity could be 10x more production capacity than what we have today. This is very, very helpful for us to develop new customers.
Tim Moore: That’s helpful. I mean you are company that clearly has a lot of great advantages beyond just power density and fast charge time and your healthy balance sheet. Obviously, you are not solely a developer, but you are actually doing the manufacturing of firm orders and production in-house. Do you – as you kind of approach new customers and new prospects, are you seeing anything in particular that you can point to that’s maybe helping you win orders better? Is it extreme fast charge, the zero to 80% state of charge in six minutes? Is it – or is it really the power density? Is one thing over another really kind of the icing on the cake to win orders?
