Modular Technology

I'm Gaut So at Serena Technologies we believe that the winner of the dark race will be the one that will be the fastest to iterate on their products. The race is not yet finished so we don't know what's the optim On that one there are Either we go very big, so one big plant and then we can unlock the economies of scale. Or we decide to go modular, meaning we do a smaller part of the plant that we are going to stack, the one aside to the others that is similar to what is done on the PV plants and on the batteries. We decide to have a modular approach. Thanks to that we can build our machines on a manufacturing line in Belgi The first one is the fact that we are using We don't need to have They exist so it's a much lower cost and also the lead time is much shorter. Second, the modular approach enhances the speed of iteration. Every month when we build a new container we can improve it. This is quite different from The t We build it on our line, we have it out of the factory, it moves to our site and then we just need to plug a power plug, we plug a stainless steel pipe and then we can start to operate. T All of t