Solid Power Said Expects To Receive At Least $50 Million In Revenue From These Combined Agreements Upon Achievement Of Milestones And Electrolyte Deliveries
Portfolio Pulse from Charles Gross
Solid Power (NASDAQ:SLDP) announced three new agreements with SK On, including a research and development license, a line installation arrangement, and an electrolyte supply agreement. These agreements are expected to bring at least $50 million in revenue to Solid Power upon completion of milestones and electrolyte deliveries. The partnerships aim to enhance collaboration on solid-state battery technology and expand Solid Power's presence in Korea, a key battery market.
January 16, 2024 | 10:07 pm
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Solid Power's new agreements with SK On are expected to generate at least $50 million in revenue, signaling confidence in its solid-state battery technology and potential for commercialization.
The announcement of new agreements with SK On is a positive development for Solid Power, indicating a strong partnership and potential revenue growth. This news is likely to be viewed favorably by investors, as it suggests progress towards commercialization and a stronger cash position for the company. The expected revenue of at least $50 million upon achieving certain milestones and deliveries is a significant financial boost, which could positively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90