So I have been in contact with Kobi and was informed that he spent the entire last week traveling across US, which is why the letter wasn't released until this week when he returned (he wanted to add in as much update on progress as possible)
I also asked about the testing procedures of batteries with Blitz project, he said that testing is done by Blitz themselves, in which they will use their own "live" testing system (drivers and the motorbike), and will have many charges and discharges cycles, temperature control etc. The data will then be analysed and battery behaviour will be defined. Once completed and successful, they will then receive supply orders. The whole process should take around 2-3 months depending on the amount of testing they would like to perform.
I will continue to speak to Kobi on a monthly basis to get a regular update on things, if you guys have questions feel free to leave them with me and I will try my best to get back to you after speaking to him.
Have a good weekend everyone!
Hez
UTR Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held