Solid Power, Inc. (NASDAQ:SLDP) Q1 2023 Results Conference Call May 8, 2023 5:00 PM ET

Company Participants

Jennifer Almquist - Investor Relations

Dave Jansen - Interim Chief Executive Officer, President and Chairman

Kevin Paprzycki - Chief Financial Officer

Conference Call Participants

Mike Shlisky - D.A. Davidson

Vincent Anderson - Stifel

Greg Pendy - Chardan

Operator

Greetings. Welcome to the Solid Power, Inc., First Quarter 2023 Financial Results and Business Update Call. Please note that this conference is being recorded.

I will now turn the conference over to your host, Jennifer Almquist, Investor Relations for Solid Power, Inc. Thank you. You may begin.

Jennifer Almquist

Thank you, operator, and thank you, everyone, for joining us today.

Joining me on the call today are Solid Power's Interim Chief Executive Officer, President and Chairman, Dave Jansen; and Chief Financial Officer, Kevin Paprzycki. A copy of today's press release is available on the Investor Relations section of Solid Power's website at ir.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 ir.solidpowerbattery.com.

With that, let me turn it over to Dave Jansen.

Dave Jansen

Thank you, Jen, and good afternoon, everyone. I appreciate you joining the call today. I will start with an update of our recent achievements. I will then provide a brief view of what's ahead before passing the call over to Kevin for a review of the financials. After that, I'll provide some concluding remarks and open the call for questions.

2023 is off to a solid start. I'm happy to announce that we have officially begun powder production from our electrolyte production facility. Production began in April, marking an important milestone for our path to commercialization. We've also made progress with both our 20-amp hour and EV cell development and remain on track with our objective to deliver EV cells to our partners by the end of the year.