Desmond Wheatley: Yes. So, there’s a lot of things wrapped up in that question, Noel. First of all, we’re an innovation company, and we applaud anybody out there who’s innovating, particularly when it comes to the intersection of clean energy and transportation, which is where we are focusing. That’s obviously a pretty massive area to focus on. But nevertheless, that’s what we’re focusing on. So, the first thing I’m going to tell you is that, at the moment, we believe that there are many, many years of lithium-based battery business growth ahead of us, many years. Probably 10 years in fact before something like solid state or whatever else that comes along and really displaces that. And you don’t have to take our word. You just look at the massive investment being made by all this sort of much larger entities out there who are concentrating on that.
And so, I think we’re certainly going to continue to improve our expertise and bring the value that we do to making lithium, particularly NMC cells, safer and more energy dense and longer lived than they are to date, which is essentially what we do. Then, beyond that, there are some other things to think about too. Just charging and discharging a battery, in general, is going to create a thermal event, that’s physics. It’s not anything to do with brand or anything else like that. And so, having great thermal management solutions as we do will be a differentiator for us no matter what technology comes out frankly, because batteries like that goldilocks zone and they’re safer if they’re in a goldilocks zone, and that’s one of the things we provide for them.
To your question about whether or not we’d invest, I’m not so arrogant as to think that I should take money that people have invested in this company and reinvested for them in that way to where we would be an outside investor. I’m going to concentrate all of my efforts on growing Beam Global. If I see a promising technology or a solution or geographic growth or talent or any of the other things that I think will grow Beam Global, then I will invest in it. Again, with the advice of the Board — my Board and all the experts that I surround myself with. But I don’t think you should anticipate us making a sort of a third-party outside investment and some other technology at the moment. We’re too busy growing our own company to growing anybody else’s.
Noel Parks: Sure. Fair enough. I was wondering, the — your energy storage sales, I assume this year will be full year of impact from that business line. I assume there’ll be a somewhat higher percentage of total revenues in 2023. Do you have any sense of that? Any insight on that?
Desmond Wheatley: I’m not going to say it will be higher percentage of total revenues, but I believe strongly it will be higher absolute sales. And that’s because we are — I mean, we’re bringing — this is one of these perfect averages. These guys have great product, great technology, great expertise. We are definitely though enhancing their sort of ability to sell and expand. I mean, that’s part of the reason that they allowed themselves to be acquired by us or enjoyed being enquired by us frankly, because they were looking for ways to expand. So, we’re enhancing their selling. We’re enhancing their mark. I mean, hiring more salespeople. We’re enhancing their marketing and we are making investments that we need to make in enhancing their ability to produce.
