Unidentified Analyst: Got it. The green energy, the sales were up about 50% from the prior quarter. Is that something we can expect to continue throughout most of this year? I mean is that the type of growth we’re looking at here? Or that’s kind of an anomaly and things are going to slow up a bit?
Gregory Peloquin: Yes. One thing I know about forecast, they’re going to be wrong, they’re going to be high or low, but I can tell you in based on the backlog and scheduled shipments and the forecast builds, we’ll see something very similar to that in Q3. That’s about my visibility that I can give you right now.
Unidentified Analyst: All right. And then I got 1 more, and it goes back to the press release and my favorite line here, “We believe sales and profits will continue to significantly increase in fiscal 2023.” I’m just looking for a little clarity on that. Is that significantly increased quarter-over-quarter from the comparable quarter last year and what is significant?
Wendy Diddell: Yes. So I’ll take that 1 first. So over prior year, yes, we believe we will see increases. And for us, I think we usually say in the 10% to 15% range increases, Q3 and Q4 are solid. And that’s about as far as we’re taking our forward-looking forecast right now, but it looks good.
Operator: Our next question comes from Eric Crown with Rite Capital.
Unidentified Analyst: Congratulations again on another great quarter. Just my first question I had is, I guess, can you kind of speak here kind of any updates just on the more near-term kind of innovations and opportunities within the ultra capacitors. I’m kind of thinking more specifically the work you’re doing with Siemens as well as some of the applications on cell towers, — any kind of update on those?
Gregory Peloquin: Sure. So, let’s just start from the top in terms of both ultra cap passers, but also as some of the major programs. But it’s the same program. So in the thousand, our calendar year 2023 forecast from our customers, and it looks like that business is going to be up in the 20% to 25% range in 2023. Just to add to that, today the life of the program, we’ve shipped and have in the field over 30,000 ULTRA3000. So the second part product talk about real quick, if you like the Ultra ten three thousand that’s used in three different applications. One is T-Mobile continues to test that product company like T-Mobile is going to do a little bit longer testing, need a little bit of data. Before we implement that, we we’re giving a proposal to a very large critical facility environment here in Illinois on the ULTRAGEN3000.
But the big one is using the ULTRAGEN technology as in generators. But as a starter module we are working with two of the larger electric vehicle manufacturers in the world, put together starter modules for them. And both sites in December have received the prototype product for that. In addition to that, so we’re introducing a couple new products in Q3, we do have beta site testing started with Siemens-on-Siemens ULTRA3000modules for suppliers also such as Siemens, sudex some European suppliers that program’s up and running very well. And then also we’ll be introducing the ULTRAUPS3000 says in the wind turbines for their power supply that they also currently use lead asset batteries, which they’re asking to replace. And finally an update on this program.
It keeps getting traction. Most of our businesses with owner operators that do not have contrast PE for services, we have been contacted and approved. GE is going to put our product in their portfolio products for all the GE Wind — starting at the end of January. We’re very excited about that on paper absolutely, but right now, we don’t know, as we develop this program. So you look at the ULTRA3000 still going strong as people through phase one, phase two, phase three of the rollout with their sites. The ULTRAGEN3000 technologies, which we’ve developed and is patent pending, that’s getting good traction in terms of beta sites and other products. The UPS and the multi-brand will be introduced in q3. And then finally the program we have with GE directly is also very exciting going forward.
So that’s kind of an overall summary of the current products that we’re looking for short term, which means 2023, both revenue.
Unidentified Analyst: Fantastic. A lot of exciting things in motion. I guess the other question as you guys mentioned really kind of still full throttle in terms of production getting orders out, employees working 6 to 7 days a week. And prior quarter, you mentioned you made a lot of kind of progress in bringing in more people and bringing you more labor. I guess is that something you continue to be a focus? And how you’re kind of thinking about that going into the year?
