We have secured further growth capital through a successful capital increase. We offer cells and modules for redox flow batteries, which are particularly used for storing renewable energies. VANEVO's aim is to further develop the market for energy storage systems in Germany, Europe and worldwide and to become the technology leader, particularly in storage solutions for commercial and industrial customers. To achieve this goal, VANEVO has developed a patented manufacturing process. As only one seal is required instead of 160, the battery cells are cheaper to produce, more energy efficient and easier to handle. Sales of these high tech battery cells have already started and test customer reactions to date have been consistently positive. The first deliveries to customers will take place in January 2024.