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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 spoke with Taylor Stoker, Co-Founder of Ultion, &nbsp;a U.S.-based lithium battery manufacturer with deep industry roots, technical credibility, and a distinctive business model focused on American-made cell technology.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Company Background:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Founded as a spinoff from K2 Energy, Ultion retains all the technology, testing, and development expertise built over years in the sector.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">The leadership team, including Taylor Stoker and his family, has been involved in the battery industry for decades, starting with LFP (lithium iron phosphate) research and commercialization in the early 2000s.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Ultion&rsquo;s CEO (Taylor&rsquo;s father) led critical early work at Valence Technology and K2 Energy, giving them rare &ldquo;tribal knowledge&rdquo; and a proven, American-developed cell technology track record.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Current Position &amp; Strategy:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Ultion specializes in cell manufacturing (not just packs); their core competency is U.S.-based, gigascale LFP cell production using technology fully developed and commercialized in North America.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">The company recently closed a Series A led by Taurus, enabling expansions in pack production for Taurus and accelerating construction of their domestic gigascale cell facility.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Until the new plant is fully operational, they supplement supply by working with select non-Chinese, American-friendly overseas cell manufacturers, some of whom license Ultion&rsquo;s legacy technology.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Ultion emphasizes rapid scale-up based on its in-house technology&mdash;unlike competitors that raise capital and plan large plants without proprietary tech.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Distinctive Market Position:</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Ultion is laser-focused on American supply chain sovereignty and can offer fully domestic processes in partnership with mining and processing leaders like First Phosphate.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">They see value in starting with pilot-scale pack production and quickly transferring that to more efficient, high-volume third-party manufacturing as customers scale up.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">Unlike &ldquo;story-driven&rdquo; battery startups, Ultion keeps a low public profile until it has reached true shipping scale, prioritizing proven delivery over hype.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">In summary, Ultion is a technically advanced, family-led, American battery cell manufacturer with proven LFP expertise, unique IP, and a business model built to rapidly scale U.S. production and supply chain independence.</span><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><br style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif;" /><span style="color: #222222; font-size: small; font-family: Arial, Helvetica, sans-serif; background-color: #ffffff;">This meeting lays the foundation for a high-impact collaboration&mdash;combining Ultion&rsquo;s cell innovation and manufacturing expertise with Lithium Battery Co&rsquo;s pack assembly capabilities and regulatory know-how to deliver America&rsquo;s next-generation battery solutions.</span><br /><br />
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<div><span style="font-family: Helvetica, Arial;">Jordan Wroblewski</span>
<div style="font-family: Helvetica, Arial;">VP, Business Development</div>
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