Gelion plc (GELNF) Shareholder/Analyst Call Transcript

Operator

Good morning, and welcome to the Gelion plc investor presentation. [Operator Instructions] Before we begin, I would like to submit the following poll. I would now like to hand you over to Non-Executive Chairman, Dr. Steve Mahon. Good morning to you.

Stephen Mahon

Good morning. Gelion made two important announcements on Tuesday this week and the purpose of this update to investors is to explain those behind it. The first of those announcements was we announced a partnership with one of the U.S. government’s labs. This is part of our entry strategy into the U.S. In advanced batteries, lithium sulfur, we believe, could be a competitive and strategically important chemistry for — western countries are all looking for over their supply chains. In all the Western governments, the U.S. is by far the most aggressive and leading in terms of their spend on procurement of advanced technologies in this space and in the defense space. The U.S. defense budget is 10x that of the U.K. So our goal is to be the category leader, the #1 in the world on lithium sulfur batteries and on the sulfur chemistry for batteries. You can’t be the global leader if you don’t have a strategy, and this marks the start of our U.S. market entry.

The second announcement is that we’re transitioning to a new CEO today. We have both John and Matt on the call today. John is retiring and we’ve invited John to the call to share his thoughts and reasons with you all. And then it will be my pleasure to introduce Matt to you today. John came to me about 9 months