Element Solutions Inc (NYSE:ESI) Q3 2023 Earnings Call Transcript

And two, we’re having conversations about backwards integrating, our technology on existing lines which is not something or in existing fabs to displace competitors, which is not something that would have been in our base case at all. The qualification process is expensive and time consuming and not something that we typically see. But because of our technology and service levels, is being considered, which would absolutely be upside. With regard to Kuprion, and the second part of your question, this is really special material. We acquired was a technology and materials technology and great people, who know how to work with that material and nascent applications for that material. And the work we’ve been doing has been refining that applications technology to meet specific customer needs to commercialize that technology, and the receptivity from our customer base has been really great.

These are products that we know how to make already. They’re not vastly different from manufacturing technology that we have in-house. Our IP, we have an IP position there, but there’s also speed and customer intimacy that we bring to the table that is differentiated and solving an urgent customer need frankly. We are going to manufacture this product ourselves most likely. The investment required to manufacture the product is not that substantial, such that you see a big lump in CapEx next year associated with it.

Operator: At this time, there are no further questions. I will now hand the call back over to presenters for any closing remarks.

Ben Gliklich: Great. Well, thank you for joining. Thanks for your questions, and we look forward to seeing many of you in the weeks and months to come. Have a good day.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.