In keeping with our expectations shared in our recent Form 10-Q filing of November 10, 2022, we are assembling the new AOT internals this week. As we have stated in the past, there were several previously established design criteria incorporated into the new AOT design. Our observations and confirmations resulting from the component testing required time to capture and properly illustrate for our vendors. Although this process took a little longer than we had expected, it was necessary none the less. This delay alone would not have caused us to miss our initial timetable. However, our vendors had significant [...]

In our April 15, 2022, Investor Update we summarized how the results of the AOT component testing resulted in a set of design criteria for the new stack assembly and the success of identifying alternate materials of construction. Recently, we have been working to reduce those findings to practice. We are now moving forward to the following three steps: Complete testing of the component stack assembly. A full-size hydrostatic test of the AOT. A field test with a development partner. Our focus for this update is concerning the pending component tests. These tests are an important step validating newly [...]