Local Bounti Corporation

We decided to really broaden and expand our near-term R&D at Hamilton to solve for increased and specific SKU demand from Pete's customers in California and Georgia. So remember that Pete's, they're really the head lettuce kings, if you will, of CEA. Lots of market share, they're in lots of doors, and they have lots of SKUs. And so specifically, Pete's Living Butter Lettuce Really where we're focused, one of the things we were focused on in the first quarter is applying our stack and flow technology and innovating around that technology to pull the crop cycle down and increase the turns that we could get out of our facility on a per-annum basis. And what that resulted in is through our R&D efforts, we were able to cut the crop cycle by seven days, so pick up roughly four turns per year. 17.3 turns per year in total. So as Georgia comes online, we'll be scaling down our Hamilton R&D and increasing commercial production. But the main areas of innovation that we're focused on are kind of core stack and flow patents, as well as controls, computer vision, increasing the number of recipes, et cetera.

That's really helpful. Thank you for that, Travis. And then as my follow-up, I wanted to ask about just sort of the cycle times with customers. You talked about the change in the tone of your conversation with customers since the piece acquisition. Obviously, your ability to demonstrate the favorable unit economics in this space is something that we can see, but I'm wondering how that's contributing to the nature of the conversations that you're having with customers and any sort of commentary that you can offer around co-location opportunities. I'll leave it there. Thank you.

Kristen, what a great question, or I guess series of questions. Brian, do you want to take that one, please?