Solid Power, Inc. (NASDAQ:SLDP) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET

Company Participants

Jennifer Almquist - Investor Relations
John Van Scoter - President & Chief Executive Officer
Kevin Paprzycki - Chief Financial Officer

Conference Call Participants

Mike Shlisky - D.A. Davidson
Brian Dobson - Chardan Capital
Jeffrey Campbell - Seaport Research Partners
Vincent Anderson - Stifel

Operator

Greetings and welcome to the Solid Power, Inc. First Quarter 2024 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. Thank you. You may begin.

Jennifer Almquist

Thank you, operator. Welcome, everyone and thank you for joining us today. I'm joined on today's call by Solid Power's President and Chief Executive Officer, John Van Scoter; and Chief Financial Officer, Kevin Paprzycki. A copy of today's earnings release is available on the Investor Relations section of Solid Power's website, www.solidpowerbattery.com.

I'd like to remind you that parts of our discussion today will include forward-looking statements as defined by the 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 www.solidpowerbattery.com.

With that, let me turn it over to John Van Scoter.

John Van Scoter

Thank you, Jen. Good afternoon, everyone and thank you for joining today's call. I'll begin today with a brief update on our progress. After that, I'll hand the call off to Kevin for the financial review. Then we'll open up the call for Q&A.

When we last spoke, we outlined our 2024 goals. They are to expand our electrolyte capabilities and available market, advanced to A-2 Sample cell designs, execute for our partners and strengthen our presence in Korea. 2024 is off to a good start with continued strong execution on all 4 of these priorities during the first quarter.

With respect to electrolyte, we expanded our sampling program with ongoing shipments to new potential customers. We made progress on our A-2 cell design and are executing on a path that we believe will enable us to deliver higher performing cells by target dates. We continue to execute for our partners, most notably through strong early execution on our SK On, R&D, technology transfer and line installation agreements and we further established our team and offices in Korea, providing the basis for ongoing engagement in the region.