Liquidity / Balance SheetMaterial liquidity and a meaningful equity base provide runway for near-term commercialization and qualification cycles. With CAD 40.1M total liquidity and moderate leverage, the company can fund module rollouts and customer trials without immediate dilutive financing, supporting execution over coming quarters.
Lower-Capital Commercialization (Dry Process)Commercializing lower-capex dry-process modules materially reduces capital intensity versus prior wet-process plans. Lower per-module capex enables scalable capacity additions with less funding, accelerating margin improvement potential as higher-volume, lower-cost production reduces unit economics risk long term.
Visible Commercial Contracts & PartnershipsSigned, high-quality contracts and OEM program launches (Volvo, Club Car, CPChem engagements) create durable revenue anchors. These agreements validate product fit in industrial channels and provide multi-year revenue visibility that supports capacity planning and margin scaling as qualification cycles convert to production volumes.