8/4/2026

speaker
Operator
Conference Operator

Good day and welcome to the Solid Power Second Quarter 2026 Earnings Conference Call. All participants will be in listen-only mode. If 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 telephone keypad. 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 Van Goethe, Investor Relations. Please go ahead.

speaker
Charlie Van Goethe
Investor Relations

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 Scoter, and Chief Financial Officer, Linda Heller. A copy of today's earnings release is available on the Investor Relations section of Solid 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 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 Van Scoter.

speaker
John Van Scoter
President and Chief Executive Officer

Thank you, Charlie, and thank you all for joining us today. We delivered another quarter of strong execution, advancing key strategic initiatives, and reinforcing our position as a leader in solid-state battery materials. During the quarter, we improved the performance of our electrolyte through work under the Joint Evaluation Agreement with Samsung SDI and BMW, while providing electrolyte shipments to support their development activities. Based on performance and cost, we are optimistic about continuing to work with Samsung SDI for potential use of our electrolyte in EVs and other potential applications of ASSB technologies. We remain committed to supporting our partners as they advance towards commercialization. Turning to our electrolyte manufacturing roadmap, we continued to advance discussions with prospective joint venture partners for commercial-scale electrolyte production in South Korea. Korea remains one of the most active markets for all solid-state battery development, and we believe a partnership with an industry-leading company would accelerate market adoption while providing manufacturing scale and market access. We're pleased with the progress of these discussions and believe they reflect growing industry interest in our technology and commercialization strategy. Based on the progress we've made to date, we remain on track and expect to announce a joint venture by the end of the year. Execution of our continuous manufacturing pilot line remains on schedule and represents one of the most important milestones in our commercialization journey. During the quarter, we advanced installation of major process equipment, piping and electrical infrastructure, and are preparing for equipment acceptance testing. which remains on track for completion in the third quarter. We continue to expect plant validation and operational startup in the fourth quarter. This pilot line is designed to demonstrate the scalability and efficiency of our proprietary wet process technology and positions us in the transition from batch to continuous production, an important step towards commercial scale manufacturing. Operational excellence remains a core priority as we prepare for commercial readiness. During the quarter, we successfully completed stage one of our ISO 9001 certification process and remain on track to complete the stage two audit in the third quarter with certification expected by year end. Achieving ISO 9001 certification will further enhance our quality systems, strengthen customer confidence, and support the commercial readiness of our electrolyte business. Finally, we successfully completed the line installation agreement with SKON and received the associated milestone payment during the quarter. This accomplishment represents another successful milestone in our collaboration and highlights our ability to execute key customer commitments while supporting the advancement of next generation battery technologies. We're currently negotiating with SKON regarding a new collaboration agreement, which we believe underscores the growing demand for our technology and reflects our continued commitment to expanding strategic partnerships that drive long-term value. Overall, we are pleased with the progress achieved during the quarter. We continue to execute against our commercialization roadmap across our customer programs, manufacturing scale-up initiatives, strategic partnership discussions, and operational readiness efforts. We believe the momentum we are building today positions Solid Power to capitalize on the significant opportunities emerging within the all-solid state battery market and create long-term value for our shareholders. With that, I'll turn it over to Linda to review our financial results and provide an update on our financial discipline goal. Linda?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-

Investor presentation