5/5/2026

speaker
Operator
Conference Operator

Good day and welcome to the Solid Power Q1 2026 Earnings Conference Call. All participants will be in listenerly mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on a touchtone phone. To withdraw a question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Charlie Van Getz, Investor Relations. Please go ahead.

speaker
Charlie Van Getz
Investor Relations, Solid Power

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 Van Skoder, 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 to 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 a 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 Banskoder.

speaker
John Van Skoder
President and Chief Executive Officer, Solid Power

Thank you, Charlie, and thank you all for joining us today. We delivered a productive first quarter, marking steady progress across our key operational and strategic priorities. Starting with our partnership with SKON, we completed site acceptance testing in early April, marking the final milestone of the line installation agreement for SKON. We believe achieving this milestone underscores our commitment to supporting our partners' ASSB efforts. With this accomplishment, we're very pleased that there are now cell production lines using our technology on three continents. Here are our facilities in Colorado, BMW's facility in Germany, and SKON's facility in Korea. We also continue to support our customers and partners in their development efforts through delivery of our electrolyte. We provided Samsung SDI with electrolyte under our three-way joint evaluation agreement with BMW and continued sampling with other customers during the quarter. Turning to our electrolyte development roadmap, we believe installation of our continuous electrolyte manufacturing pilot line will represent a critical inflection point in our path to commercialization and a clear differentiator for solid power. With factory acceptance testing for all key equipment complete and construction underway, we are laying the groundwork for commercial scale production. Once installed, this line will enable our transition from batch to continuous processing, supporting near-term customer programs and driving expected cost savings relative to today's processes. The line is designed to allow us to de-risk and optimize processes in advance of full commercialization. Importantly, we believe our wet processing methodology for electrolyte production offers scalability, yield, and capital efficiencies relative to traditional dry process methods. We also continue to explore potential partners with processing, scaling capabilities, and capital to support construction of a 500 metric ton electrolyte production facility. We anticipate additional demand for sulfide electrolyte in Korea and are considering a potential partnership for commercial scale production in Korea. We are evaluating multiple potential partners and are pleased with our progress to date. With respect to our final development goal, we continue to leverage our Electrolyte Innovation Center or EIC and cell capabilities for product and process development during the quarter. Through this development work, we're executing against our objective to continually deliver differentiated electrolyte products and secure long-term customers. With that, I will turn it over to Linda to review our financial results and provide an update on our financial discipline goal. Linda?

Disclaimer

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