State of NexGen

A World leader in advanced plasma processes

Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers

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Hilbertk

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State of NexGen

posted on Jan 20, 2021 01:49AM

Mr. Pascali,

Thank you for the recent presentations and interviews. Also congratulation on catching the attention of Cathie Wood and the Arc Invest ETF.

Are you able to provide an update on the status of the NexGen powder towers. The technology was annouced in Jan. 2019, and at that time it was thought the towers would be built and producing late summer early fall 2019. In June 2020 you annouced that a non-European aerospace company has approved the quality management system. In recent interviews and presentations it seems as though you are finishing the powder system in order to begin production of powders, but it isn't clear on what needs to be completed.

Are the two NexGen towers assembled and capable of producing powder? Is the quality management system construction the last step to be completed? Will the older production tower be used for producing powder as well, or will you continue to use this system for R&D?

As always thank you for your time. I realize these questions may be getting very specific in regards to what is public, but any insight you can provide would be appreciated.