07/02/2024
📣📣 Get ready for some news! We've just released our latest financial and operational progress update.
In it, we announced...
1. We reached another milestone by successfully conducting automated casting trials of electrodes with active electrolyte slurry at our Customer Qualification Plant (CQP)
2. Our 2023 year-end cash and equivalents balance of $275.7 million exceeded previous guidance of $250 million
3. We have completed handovers of 363 (94%) of the 388 discrete production line equipment commissioning and testing packages at the CQP
We also shared that moving forward we anticipate...
1. Making functional battery cells for customer samples, our top strategic priority, using full automation of CQP in H1 2024
2. Submitting Part 2 of our Title 17 application to the U.S. Department of Energy Loan Program Office in Q1 2024
Read more about FREYR in 2024 and join us on 2/29 at 8:30am EST for our latest earnings update. https://bit.ly/freyrops
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