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    Meeting Purpose

Define collaboration paths and review Forge Nano&#39;s battery product portfolio.

Key Takeaways

  - Strategic Partnership: Forge Nano (cell manufacturer) and Lithium Battery Co (pack assembler) will partner to offer end-to-end battery solutions, with Forge Nano funneling pack-assembly clients to Lithium Battery Co.
  - New Product Portfolio: Forge Nano&#39;s new portfolio includes five cells (18650s, 21700s, drone) with immediate samples and contract manufacturing capacity (~400 MWh/yr) until its US gigafactory opens in Q1/Q2 2027.
  - Samsung Deal: Forge Nano is finalizing a deal to distribute and eventually manufacture Samsung 53G cells in the US, with a target price of &lt;$3/cell.
  - Drone Factory Project: Lithium Battery Co will partner on Forge Nano&#39;s proposal for a government-owned, commercially-assisted (GOGO CA) drone battery factory at RRAD, Texas, under the Sky Foundry Act.

Topics

Forge Nano Overview &amp; Gigafactory Status

  - Mission: Build a US-based battery supply chain for specialty applications (DoD, commercial) using its nano-coating technology.
  - Gigafactory: A $100M DOE grant is confirmed, resolving a prior delay.
      - Timeline: Online in Q1/Q2 2027.
      - Goal: Achieve cost competitiveness (~$5/cell) against foreign and small-scale US manufacturers.
  - Financials: Closing a Series D round; targeting an IPO within 1–1.5 years.

Product Portfolio &amp; Availability

  - Forge Nano&#39;s portfolio now has five distinct cells (18650s, 21700s) with new marketing names.
  - D35A (18650): High-energy cell competitive with the LG MJ1.
      - Availability: A-samples (pilot line) in Jan &#39;26; B-samples (production-ready) in Apr &#39;26.
      - Production: 150 MWh/yr via a Turkish CM.
      - Price: ~$4/cell (volume-dependent).
  - C35C (18650): DoD-specific cell (3.2 Ah, 100% US supply chain).
      - Status: Production paused pending Army testing. Available only via large, costly custom batches.
  - F55A (21700): &quot;6T&quot; cell designed for low-temp cold crank power.
      - Availability: Samples in Feb &#39;26.
      - Production: Current line capacity is 25k cells/yr. Expansion to 1M cells/yr requires a ~$10M investment, contingent on an offtake agreement.
      - Price: ~$5/cell (target).
  - Drone Cell (21700): Tabless design for very high power.
      - Availability: Samples in Jan &#39;26 (pre-orders open); B-samples in Apr &#39;26.
      - Production: ~210–220 MWh/yr.
      - Price: ~$7/cell.
  - UK-Made Cell: High-energy, lower-power cell available from a 100 MWh/yr line. More expensive due to exchange rates.

Strategic Partnerships &amp; Opportunities

  - Samsung Deal (Confidential): Forge Nano is finalizing a deal to distribute and eventually manufacture Samsung 53G cells in the US.
      - Model: Start as a distributor, then acquire a Samsung line from Korea, which Samsung will install and train Forge Nano staff to operate.
      - Price: Target of &lt;$3/cell.
  - MOLLE Discussions: Similar discussions are ongoing with MOLLE to support US production of P50B cells.
      - Status: Less advanced than the Samsung deal.
      - Price: At or better than current market rates.
  - Sky Foundry Act (RRAD Drone Factory): Forge Nano was encouraged to proceed to Phase 2 of a proposal for a GOGO CA (Government Owned, Government Operated, Commercially Assisted) drone battery factory at Red River Army Depot (RRAD) in Texas.
      - Partnership: Lithium Battery Co will be the pack assembly partner.
      - Action: Lithium Battery Co must provide a rough order of magnitude (ROM) budget and timeline (±15% accuracy) for the pack assembly portion. This is required for Forge Nano&#39;s Phase 2 pitch in three weeks.

Next Steps

  - Forge Nano:
      - Send term sheet draft for the strategic partnership.
      - Send all updated cell spec sheets, including the Samsung 53G.
      - Send the redacted RRAD drone factory proposal to Lithium Battery Co.
  - Lithium Battery Co:
      - Review all materials and confirm cell volumes needed for current projects.
      - Develop a ROM budget and timeline for the RRAD factory&#39;s pack assembly portion.
  - All:
      - Meet Monday, Oct 27, at 2:30 PM ET to finalize the RRAD factory budget and timeline.

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                            
                          
                            
                              
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                                        Meeting with Lithium Battery Co
                                      
                                    
                                  
                                
                              
                              
                                
                                  Next Steps - Forge Nano Collaboration
                                
                              
                              
                                
                                  October 23, 2025&nbsp;&nbsp;&bull;&nbsp;
                                  49 mins&nbsp; &bull;&nbsp;
                                  View Meeting
                                  or Ask Fathom
                                
                              
                            
                          
                        
                      
                    
                  
                  
                    
                      
                        
                          
                            Action Items ✨
                          
                        
                        
                          
                            
                              
                                
                                  
                                
                                
                                
                                  
                                    
                                      
                                        
                                          Email Jordan: deck, updated spec sheets, Samsung 53G spec, term sheet; request volume/spec check + Samsung 53G qty
                                        
                                      
                                    
                                    
                                      
                                        James Trevey
                                      
                                    
                                  
                                
                              
                              
                                
                                  
                                
                                
                                
                                  
                                    
                                      
                                        
                                          Email Jordan: redacted RRAD/Sky Foundry proposal; request pack-side ROM budget/timeline (±15%)
                                        
                                      
                                    
                                    
                                      
                                        James Trevey
                                      
                                    
                                  
                                
                              
                              
                                
                                  
                                
                                
                                
                                  
                                    
                                      
                                        
                                          Schedule RRAD/Sky Foundry call w/ Jordan, Rick, Brian; Oct 27 2:30–3 ET
                                        
                                      
                                    
                                    
                                      
                                        James Trevey
                                      
                                    
                                  
                                
                              
                            
                          
                        

                        
                          
                            
                              
                                
                                  Meeting Summary ✨
                                
                              
                              
                                
                              
                            
                          
                        

                        
                          
                            
                              Meeting Purpose

Define collaboration paths and review Forge Nano's battery product portfolio.

Key Takeaways



Strategic Partnership: Forge Nano (cell manufacturer) and Lithium Battery Co (pack assembler) will partner to offer end-to-end battery solutions, with Forge Nano funneling pack-assembly clients to Lithium Battery Co.




New Product Portfolio: Forge Nano's new portfolio includes five cells (18650s, 21700s, drone) with immediate samples and contract manufacturing capacity (~400 MWh/yr) until its US gigafactory opens in Q1/Q2 2027.



Samsung Deal: Forge Nano is finalizing a deal to distribute and eventually manufacture Samsung 53G cells in the US, with a target price of &lt;$3/cell.



Drone Factory Project: Lithium Battery Co will partner on Forge Nano's proposal for a government-owned, commercially-assisted (GOGO CA) drone battery factory at RRAD, Texas, under the Sky Foundry Act.



Topics
Forge Nano Overview &amp; Gigafactory Status



Mission: Build a US-based battery supply chain for specialty applications (DoD, commercial) using its nano-coating technology.




Gigafactory: A $100M DOE grant is confirmed, resolving a prior delay.




Timeline: Online in Q1/Q2 2027.




Goal: Achieve cost competitiveness (~$5/cell) against foreign and small-scale US manufacturers.






Financials: Closing a Series D round; targeting an IPO within 1–1.5 years.



Product Portfolio &amp; Availability



Forge Nano's portfolio now has five distinct cells (18650s, 21700s) with new marketing names.




D35A (18650): High-energy cell competitive with the LG MJ1.




Availability: A-samples (pilot line) in Jan '26; B-samples (production-ready) in Apr '26.




Production: 150 MWh/yr via a Turkish CM.




Price: ~$4/cell (volume-dependent).






C35C (18650): DoD-specific cell (3.2 Ah, 100% US supply chain).




Status: Production paused pending Army testing. Available only via large, costly custom batches.






F55A (21700): &quot;6T&quot; cell designed for low-temp cold crank power.




Availability: Samples in Feb '26.




Production: Current line capacity is 25k cells/yr. Expansion to 1M cells/yr requires a ~$10M investment, contingent on an offtake agreement.




Price: ~$5/cell (target).






Drone Cell (21700): Tabless design for very high power.




Availability: Samples in Jan '26 (pre-orders open); B-samples in Apr '26.




Production: ~210–220 MWh/yr.




Price: ~$7/cell.






UK-Made Cell: High-energy, lower-power cell available from a 100 MWh/yr line. More expensive due to exchange rates.



Strategic Partnerships &amp; Opportunities



Samsung Deal (Confidential): Forge Nano is finalizing a deal to distribute and eventually manufacture Samsung 53G cells in the US.




Model: Start as a distributor, then acquire a Samsung line from Korea, which Samsung will install and train Forge Nano staff to operate.



Price: Target of &lt;$3/cell.





MOLLE Discussions: Similar discussions are ongoing with MOLLE to support US production of P50B cells.




Status: Less advanced than the Samsung deal.




Price: At or better than current market rates.






Sky Foundry Act (RRAD Drone Factory): Forge Nano was encouraged to proceed to Phase 2 of a proposal for a GOGO CA (Government Owned, Government Operated, Commercially Assisted) drone battery factory at Red River Army Depot (RRAD) in Texas.




Partnership: Lithium Battery Co will be the pack assembly partner.




Action: Lithium Battery Co must provide a rough order of magnitude (ROM) budget and timeline (±15% accuracy) for the pack assembly portion. This is required for Forge Nano's Phase 2 pitch in three weeks.





Next Steps



Forge Nano:




Send term sheet draft for the strategic partnership.




Send all updated cell spec sheets, including the Samsung 53G.




Send the redacted RRAD drone factory proposal to Lithium Battery Co.






Lithium Battery Co:




Review all materials and confirm cell volumes needed for current projects.




Develop a ROM budget and timeline for the RRAD factory's pack assembly portion.






All:




Meet Monday, Oct 27, at 2:30 PM ET to finalize the RRAD factory budget and timeline.






                            
                          
                        

                        
                          
                            
                              
                                
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