Michael Mo: Guys, I’ll take this one. And first off, I want to say Velos is just a great partner and we really enjoy working with them, so thanks to the Velos team. We appreciate them a lot. And also thanks for the question. So answer to your question, the answer is an unequivocal yes. In fact, just this week, we had a very positive meeting to display the KULR VIBE capabilities for drone OEM. So a little diversity there, away from the helicopters and into the drone space of which we’ve been playing before a lot of. But yes, we’re getting interests from OEMs in the drone space for using our wireless sensing technology we are deploying in the Velos aircraft now. And as for standard helicopters KULR VIBE uses the onboard sensor data to define the solution to provide optimal track and balance, allowing for customers to use the technology, simply by calling in the sensor readings to us over the phone.
We also have adapted the technology to run on iOS and Android platforms. So you can load that on the tablets for the folks that are out in the field needing to use our technology.
Stuart Smith: All right. Can you talk about how your relationship with Forge Nano is progressing and what are the long-term opportunities?
Michael Mo: Yes. I think that you know, Forge Nano makes their batteries with their special coding technology, I think for ADL. So the partnership is to use our cell screening line to help them categorize their batteries and getting more data and performance out of those battery cells. And then we use our KULR One design solutions to make battery packs with their cells for joint partners and customers. So this is a great synergistic opportunity for us. As I mentioned earlier, there’s also the new DOE program that builds specialty battery cells in the U.S. That’s about $3 billion. And I think that our automated cell screening line is a perfect fit to incorporate into their mega factory to participate into these grant applications. So starts with about a $3.5 to $5 million opportunity. And for the next couple of years, and I think that they can go much more substantially once they have the mega factory up and running.
Stuart Smith: All right. The next question is how are your new facilities performing in terms of driving your timeline from design to deployment?
Michael Mo: Well, the facilities are performing very well. And we’ve added capabilities to further improve our time to market. We have added in new CNC equipment, two 3D printers, cab welders, heritage battery recycler, as well as additional tooling also having our own battery cell testing impact capabilities and family owned. We can expedite our pack prove out testing as we need to have full control of the facility. This provides a significant vantage by reducing the lead times with outsource suppliers. So we thought that was critical for us to invest in health infrastructure for this.
Stuart Smith: All right. Shawn, I know you touched on this and Michael’s question above, but let’s talk about the status of your capital position relative to driving operational breakeven?
Shawn Canter: Okay. Well, I guess the first thing I should say, and I’m sure it’s clear – it’s obvious to everybody is we’re working very hard to get to an operational cash breakeven point as quickly as we can. And I guess this is evidenced by the growth trends that we’ve put up and people that we’ve noted earlier, and our continued efforts as we’ve previously talked about to optimize our cost structure. We continue to work on growth. We continue to work on resource optimization. And I guess we – I think we have a good line of sight to having operational breakeven in – we think potentially in the second quarter of next year obviously we’ll have to meet certain milestones, which we can’t guarantee we will, but we think that they’re very much possible based on what we see today and the red revenue visibility, the pipeline, the various customer partnerships we have and certain initiatives that are that are in place.
And so, we’re working very hard to get there as quickly as we can. Obviously that would be a big milestone for KULR and the team. And so we’ll continue to work towards that goal.
Stuart Smith: All right. And Howard’s final question is how is the company attempting to drive brand awareness of their thermal runway shield offering in order to prevent tragedies such as a fire that killed three generations of New York City family. It was sparked by a lithium-ion battery used to power an electric scooter, one of the victims there. This is pulled from a New York post headline yesterday November 13th. So that is his question. How is the company attempting to drive brand awareness of their thermal runway shield offering?
Michael Mo: Well, first of all, we’re really sad to hear about the tragedy and we are aware of it. And I think the core mission of KULR is to make safer battery products. So, and I think Howard, I know you’re well aware of the KULR SafeCASE products as well as our thermal management capabilities here. But yes, that’s a core mission for KULR’s to save lives and prevent these types of tragedies. We’ve discreetly worked that with regulatory agencies. We certainly don’t want to be seen as somebody that’s taking advantage of a tragedy. So when we do our advertising and so forth, we do that directly with folks that control the regulatory environment. So those are little bit more behind the scenes. It’s not to drive industry awareness.
We think we’re doing that pretty well already. We have a variety of customers already consuming our SafeCASE products. And so, I think we have pretty good brand awareness there now. But what we’re trying to do is improve the situation with the regulatory agencies and bring awareness of our products to them.
Stuart Smith: All right. Very good. As I mentioned, that was the final question. I would like to thank Michael Mo, Keith Cochran and Shawn Cantor of KULR Technology Group. And of course, they would like to thank all of you for joining us on the call today. Thomas as our operator, I will now turn the call over to you to close it out.
Operator: Thank you very much. And thank you once again for your participation today. You may disconnect at this time and have a wonderful day. Thank you once again for your participation.
