Solid Power, Inc. (NASDAQ:SLDP) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET

Company Participants

Jennifer Almquist - IR

Douglas Campbell - CEO

Kevin Paprzycki - CFO

Conference Call Participants

Michael Shlisky - D.A. Davidson

Gabriel Daoud - Cowen & Company

Brian Dobson - Chardan Capital Markets

Operator

Greetings. Welcome to the Solid Power Third Quarter 2022 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 with Investor Relations for Solid Power. Thank you. You may begin.

Jennifer Almquist

Thank you, Stacy, and thank you, everyone, for joining us. Joining me on the call today are Solid Power's Chief Executive Officer, Doug Campbell; and Chief Financial Officer, Kevin Paprzycki. A copy of today's press release is available on the Investor Relations section of our website at ir.solidpowerbattery.com.

Before we get started, 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, we disclaim 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 our forward-looking statements, please see our most recent filings with the Securities and Exchange Commission, which can be found on our website at ir.solidpowerbattery.com.

With that, let me turn it over to Doug Campbell.

Douglas Campbell

Thank you, Jen. Good afternoon, everyone, and thanks for joining us.

I'll begin today with an update on our business, then I'll pass it over to Kevin for a brief review of the financials. After that, I'll provide some concluding remarks, and we'll open the call to your questions.

Since we last spoke, our team has continued its solid execution on our development milestones, though we faced operational challenges during the quarter that I will discuss in a moment. But in summary, we made 20 amp-hour cell deliveries to our automotive partners. We have continued to optimize our EV cell pilot line and recently began production of full-scale EV cells. We have continued to make meaningful progress on the construction of our electrolyte production facility, and we have remained on track to begin powder production at our new electrolyte production facility in the first quarter of next year. I continue to be pleased with our team's execution as we position Solid Power for the long term.