 I'm David Brown, CEO and co-founder of BroadBit Batteries, and I'm here to talk to you today about revolutionary battery technology We're commercializing based on common cheap raw materials First a few words about the market This is today about a 60 to 70 billion dollar market for rechargeable batteries But that's expected to grow in the next decade to decade and a half to more than a trillion Due to for instance electric vehicles and grid stabilization due to renewable energies That is being driven a lot by regulation and the big news recently was that Germany was going to outlaw internal combustion engines by 2030 But other nations are actually outlawing that sooner even 2025 But existing batteries today can't meet those needs. They're far too expensive. They're far too slow to charge They're of limited capacity. They're too short-lived and have to be replaced too often They're too heavy and reduced performance of vehicles They're dangerous and explode and they're resource limited because they're based on rare earth metals like lithium and cobalt In short, they're too high-cost too low performance and of limited scalability What BroadBit has done is invented a revolutionary battery Technology based on a brand-new innovation. We use salt table salt sodium chloride to store energy It's the first battery in the world that does that and it's actually extremely high performance Better than the best lithium ion on the market today. The other main ingredients are equally cheap essentially. We make batteries out of dirt In addition to their cheapness due to the abundant materials we have unprecedented performance I have here a graph of the competing batteries for instance LCO batteries are what's used in Tesla the world's best batteries We're better than them in the lab already We also have simple manufacturing our batteries are non flammable and robust They can survive a wider temperature range and these are third-party verified for instance by Fraunhofer Institute in Germany and a number of customers That adds up to extremely high performance extremely low cost 50% the cost per kilowatt hour of existing lithium-ion batteries There are competitors out there There are people making lithium-ion batteries better But at extremely high cost and there are people doing Alterior chemistries with cheaper raw materials, but always at lower performance Broad bit is the only company that can both improve performance and lower cost That means that there are brand new markets open for batteries that didn't exist before We are for instance exhibiting here at the Airbus booth one of our partners to make electric airplanes This is sufficiently close costs to finally replace to allow a grid storage for grid stabilization And to replace the hundred and fifty year old lead acid battery in cars Our go-to-market plan is to start with niche products for instance onboard units Aftermarket products and cars on interoperable power supplies and drones and then moving on to the first trillion-dollar market Which is electric vehicles and then the second multi trillion-dollar market, which is grid storage our business is simple we Control our magic sauce, which is the battery components and sell those on to assembly by third parties Thank you, David and give it up for David And please now the jury the questions Have you tested at scale or are you still in the lab? We are what's the largest battery you've made we can make batteries 18650 standard batteries I have one in my pocket here that you can play with So this is what we're making now. These are made by hand at the moment But by the end of next year will be producing about a hundred and fifty thousand a year of those the next year We'll be producing multi-million Questions, so have you ever basically showed this battery to some of the large producers like Tesla or anybody on the market like Feedback, let's say the only marketing we've done is occasional pitches like this And we are in contact with virtually every major automotive and battery manufacturer in the world and they have found us We have not found them Okay, so what was the feedback from this kind of large corporations? They need it sell it to us so Cool, so what's the plan now in the next six to nine months? Where do you want to be then? Yeah, so we're finishing up R&D. We're now at about 200 cycles for our battery So we have to reach about 500 cycles before we go to market as a reference a year ago We were at 10 cycles so we think in a few months will be able to reach the 500 We're already sourcing our manufacturing equipment for our components Those will be installed middle to late next year and we'll start producing at the end of next year First production will be in Finland next production. Who knows where? What was the team like so we have all experience entrepreneurs all experience engineers and scientists Myself I have this is my sixth startup company. I've raised and managed about 40 million euros I have about 250 patents to my name. Andres Kovacs is our CTO. This is his second startup He's already had one exit company a la Sarella. This is also his second startup and David Lloyd The Finland's best electrochemist Can you talk a bit more about the business model? So you said you kind of let others assemble assembled the battery why that is that yeah So our secret sauce is in the in the battery components in the chemistry The assembly can be done by third parties with existing lithium ion equipment So there's no reason for us at this point to invest in that That's actually the most cost it cost intensive part of the of the production process is the assembly So that take that's a 50 to 100 million factory million minimum We can build our component factory for about 5 million So the final so the final product do you sell it to clients or is them so we sell both ways We can either sell using white label manufacturers and sell under our brand or sell components to sell under existing brands So what would you say is the core innovation here? What what what makes this special? I mean salt and coal is everywhere. Yes. What did you do to make that a battery? We figured out how to make a battery out of it Tell me more so the basic concept is we started with the periodic table and crossed off every element that was expensive hard to get Toxic or dangerous and what was left we thought about how to make a battery from that And what's the core invention the core invention is the use of sodium chloride on the cathode side And metallic sodium on the anode side both of which are extremely high energy density and and also the use of a New electrolyte that has very high electromobility about five to seven times more than lithium ion So I will probably just rephrase this question a little bit So what stops other producers like in I know that guys in China from doing the same type of battery now That's a know-how so we have one patent granted We have about another 20 inventions in the pipeline and we have some key know-how that we will not put in patents That we keep to ourselves and the business model is we make the special sauce ourselves. We don't license that out And we license out the assembly and the other processes that are less Liable to be stolen. All right. That's it for the question. Thank you so much David. Thank you