Solid Power, Inc.

Good day and welcome to Solid Power Second Quarter 2025 Earnings Conference Call. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. To withdraw your question, please press star then two. Please note, This event is being recorded. I would now like to turn the conference over to Charlie Wanketz, Investor Relations. Please go ahead.

Thank you, Operator. Welcome, everyone, and thank you for joining us today. I'm joined on today's call by Solid Power's President and Chief Executive Officer, John VanSkoder, and Chief Financial Officer, Linda Heller. A copy of today's earnings release is available on the investor relations section of Solid Power's website, www.solidpowerbattery.com. I'd like to remind you that parts of our discussion today will include forward-looking statements as defined by U.S. securities laws. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as the outcome and timing of future events. Except as otherwise required by applicable law, Solid Power disclaims any duty to update any forward-looking statements to reflect future events or circumstances. For discussion of the risks and uncertainties that could cause actual results to differ materially from those expressed in today's forward-looking statements, please see Solid Power's most recent filings with the Securities and Exchange Commission. which can be found on the company's website at www.solidpowerbattery.com. With that, let me turn it over to John VanSkoder.

Thank you, Charlie, and thank you all for joining us. I'm pleased to provide an update on our 2025 operational goals since our last earnings call. As announced this quarter, we reached a significant achievement in our partnership with BMW, who introduced their i7 test vehicle, powered by our cells and solid-state battery technology. We believe this development marks a major step in our overall strategy as it underscores the potential of our electrolyte and cell technologies. It also highlights our 2025 corporate objective to drive electrolyte innovation and performance through feedback from cell development and customers. We're excited and proud to continue our partnership with BMW. This quarter, we completed factory acceptance testing of the SK-ON pilot line, which is a key milestone under our line installation agreement. Our collaboration with SK-ON supports their efforts to develop solid-state cells based on our technology and operate a solid-state pilot line that we designed to use our electrolyte. We have begun working towards site acceptance testing of the line at SKON's facilities, which we expect to complete later this year. We're making progress on our electrolyte development roadmap. During the quarter, we finished ordering long lead equipment and began detailed design for our planned installation of a continuous manufacturing pilot line for sulfide electrolyte production at SP2. The line is expected to expand our production capacity to 75 metric tons and enable us to support anticipated small volume programs of current and future customers. As of June 30th, we have received $3.3 million in reimbursements under our agreement with the U.S. Department of Energy for this project. We remain on track for commissioning of the line in 2026. Finally, we are working to ramp electrolyte sampling and identify long-term customers. During the first half of the year, we continue to see demand for multiple generations of our electrolyte from customers, including both existing and new customers. We've engaged in active sampling to key strategic customers so far this year, and we remain encouraged by our customer engagement and electrolyte sampling activities. I'll now turn it over to Linda to discuss our financial results and progress towards achieving our financial discipline goal. Linda?