TPI Composites, Inc.

of those of the resin we buy is under, you know, is purchased under contracts controlled by our customers. So that 100% of that gets passed on. Other than that, Joe, you know, we have a shared paying gain. And generally, it's a 70-30 split. So 70 gets passed on to our customer, we have to absorb 30. We are having discussions, as I mentioned earlier, with all of our customers, not only about extending contracts, but also what these commercial agreements might look like in the future. And some of those may, you know, may have some different terms where we might trade utilization percentages for, and price, quite frankly, for reducing or offloading some of the risk. Those discussions are all in process. Clearly our customers would like to not see that. So it's a balance, you know, that we have to work on with our customer on price, on utilization, share a wallet, and then how we deal with the risk of commodity costs.

Right. And that's kind of what I was getting at. You know, you've talked in the past about, you know, resin, carbon fiber, and that's fine. But you've been in the situation where a lot of the utilization and, you know, logistics and other factors, you know, that risk seems to rest disproportionately with you. So I'm just wondering if there's any opportunity for you to, as you indicate, there might be more sort of fundamentally remake the economic relationship with your customers, because that might be one way to address the volatility we've seen in gross margins, perhaps?

Yes, and that's exactly right, and that's exactly what we're working on with our customers today.