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<div class="pre" style="margin: 0; padding: 0; font-family: monospace"><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Hello Team,</span></div>
<div class="pre" style="margin: 0; padding: 0; font-family: monospace">&nbsp;</div>
<div class="pre" style="margin: 0; padding: 0; font-family: monospace"><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">I just had a conversation with a senior executive involved with Forge Nano, a US based lithium -ion battery cell manufacturing company.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Executive Summary:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Daniel Sheridan and Jordan Wroblewski discussed supply chain solutions, domestic battery manufacturing, and partnership opportunities to boost U.S.-based lithium battery cell and pack production for defense and commercial customers, emphasizing American ownership and independence from China.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Key Takeaways</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Forge Nano&rsquo;s Position &amp; Plans:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Forge Nano has secured $100M from the DOE and is building a 3 GW gigafactory in Raleigh, NC, with plans for additional U.S. lithium cell production, especially 18650s and 21700s.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">They will maintain their existing 400 MW pilot line in Thornton, Colorado, which has been operational for several years and is critical for early-stage production and de-risking scale-up.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Utilizing proprietary atomic layer deposition (Atomic Armor), Forge Nano&rsquo;s technology offers superior battery performance and tunability.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Strategy: Focused on full U.S.-based manufacturing and supply chain security, especially for defense (DoD/Blue UAS) applications.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Daniel Sheridan's Background:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Daniel Sheridan has deep expertise in the U.S. defense industrial base, having previously served as a senior defense industrial base expert at the Pentagon.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">He helped establish the Pentagon&rsquo;s foreign investment team, specifically to ensure U.S. defense supply chain resilience and secure critical manufacturing capabilities.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Drones and Motors Discussion:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Daniel highlighted that a key motivation for these domestic battery manufacturing efforts is to secure the supply chain for U.S. drones and motors.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">There is a significant national security focus on producing batteries and motors domestically for drones, ensuring readiness and capability in times of crisis.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Daniel emphasized that currently, U.S. defense faces risks due to foreign dependency in critical areas such as drone power and propulsion, and this partnership directly targets closing those gaps.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Collaboration Opportunities:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Mutual Need: Forge Nano requires a U.S.-based pack partner and is seeking to align with companies similarly committed to American manufacturing, especially for government/DoD clients.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Both parties expressed explicit interest in forming a throughput multi-year contract to lock in capacity, support scaling efforts, and provide predictability for investment and growth.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Facility/FTZ/Rail access at LBC aligns with Forge Nano&rsquo;s expansion plans in NC.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Both are committed to zero Chinese investment and reinforcing the U.S. supply chain for critical defense applications.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Action Items &amp; Next Steps:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Forge Nano to discuss strategic alignment and possibly expedite further partnership; Daniel will update after board meeting (1&ndash;1.5 weeks).</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">LBC to send a capability statement to Daniel Sheridan.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Consider site visits, technical deep dives (Forge Nano CTO &harr; LBC tech leads), and engagement on public-private scaling via potential reindustrialization partnerships.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Both parties to keep open for collaboration on future pilot lines, recycling, pouch lines, and specialized battery tech.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Strategic Impact:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">U.S. Battery Sovereignty: This alliance directly addresses government and defense imperatives for secure, scalable American battery manufacturing, especially for drone and motor use cases.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Growth Trajectory: The partnership could accelerate both organizations&rsquo; paths to 3&ndash;5 GW+ annual production capacity, with multi-year throughput agreements locking in long-term revenue and operational stability.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Market Position: Early, trusted partnerships with U.S. cell manufacturers position LBC as the go-to for Pack solutions in key U.S. federal programs.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Recommendations:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Prioritize rapid engagement and detailed negotiation of multi-year throughput agreements with Forge Nano.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Prepare for joint demonstration/pilot opportunities, especially in DoD, UAS, and Second Life/recycling sectors.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Mobilize executive contacts and leverage public-private partnerships for capital and government relations support.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">This partnership sets the stage for true American battery supply chain independence and high-value government/industrial contracts, with a special emphasis on drone and motor applications critical to U.S. defense readiness and long-term supply continuity secured by the contemplated throughput contract.</span>
<div style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">&nbsp;</div>
<div style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">As soon as I have the meeting set with their team in the next 1-1.5 weeks I will let you know to get you involved.&nbsp;&nbsp;</div>
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<div id="signature">-- <br />
<div><span style="font-family: Helvetica, Arial;">Jordan Wroblewski</span>
<div style="font-family: Helvetica, Arial;">VP, Business Development</div>
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