Solid Power(US:SLDP)2026-02-25 13:57Financial Performance - In 2025, the company raised net proceeds of $88.8 million through an at-the-market offering program[37] - The company received net proceeds of $122.2 million from a registered direct offering in January 2026[45] - The company plans to deliver electrolyte to SK On under the supply agreement in 2026, with expected sales of at least $8.3 million from these electrolyte sales[54] Production Capacity and Partnerships - The company expects to expand its annual electrolyte production capacity to up to 75 metric tons by the end of 2026[41] - A potential partnership for commercial-scale electrolyte production in Korea aims to produce up to 500 metric tons of electrolyte annually[42] - The Joint Evaluation Agreement with Samsung SDI includes provisions for the company to provide electrolyte for cell fabrication, contingent on meeting technical requirements[52] - The company aims to continue providing Samsung SDI with electrolyte under the Joint Evaluation Agreement in 2026[40] - The company intends to negotiate a non-exclusive electrolyte supply agreement with BMW following the commissioning of BMW's prototype cell manufacturing line[49] Research and Development - The company has a long-standing partnership with BMW, which includes a $20 million payment for R&D milestones from December 2022 to June 2024[49] - The company has 24 issued United States patents and 100 pending United States patent applications as of February 1, 2026[56] - The company is focused on becoming a world leader in solid-state electrolyte production and battery development[68] Employee Relations and Culture - As of February 1, 2026, the company employed approximately 230 employees, primarily in Colorado[66] - The company is committed to competitive employee compensation, including salaries, benefits, and a robust equity compensation plan[67] - The company has not experienced any work stoppages and maintains a good relationship with its employees, none of whom are represented by a labor union[70] - The company has a commitment to building an inclusive and equitable workplace culture[66] Management and Compliance - The executive team includes John Van Scoter as CEO, Linda Heller as CFO, and Joshua Buettner-Garrett as CTO, with extensive backgrounds in technology and finance[74][75][76] - The company is subject to U.S. Foreign Corrupt Practices Act and other regulations, which could incur significant costs if not complied with[65] Investor Relations - The company utilizes its website and social media for investor relations and product information dissemination[72] - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[279] - Changes in judgments or estimates could materially affect reported revenue or deferred revenue[280]