Ann: Quarterly Activities Report, page-8

Also just a brief third point - something to think about if you will.

These are lengthy delays. It makes you wonder how genuine that 1gw battery supply agreement is. I mean, these guys are going to want their batteries right? You have to assume they were sold on the idea of mid-2019 production, how will they feel finding out the manufacturing equipment is still in storage? Do they find these set backs acceptable? Or is Magnis simply not in a hurry because the customer isn’t overly enthusiastic about getting this rolling ASAP? Some clarity regarding the customers needs and wants would be helpful. So many questions...