Keith Cochran: Early the sensors, but in certain applications, we will actually build fixtures for our customers. So, we are able to not only perform the track and balance of that. We are able to use in certain cases, lasers, for example, to remove materials. We are able to show them exact placement of where rates should be placed in order to balance the system, and we can do that with a visual representation for them. The product certainly in the helicopter business is very straightforward for us. In other businesses, it can be more complex, but we have the team inside that can build the hardware and put €“ place the sensors properly. So, we are able to do the adjustments. And what we are trying to get down to is 0.0x steps of vibration.
Theodore O’Neill: Okay. Great. Thanks very much.
Michael Mo: So yes, Ted, if I may add on top of that, what Keith is saying, I think a lot of people want to dig deeper into KULR VIBE. So, I think that it’s fair to say that KULR VIBE will work with existing equipment and sensors and stuff like that, that’s already built into some of the helicopters and applications that Keith just talked about. But what’s also more exciting is that going forward, new applications like EV too that’s coming online, 2025, 2026, industrial applications like wind farm and other applications. There is opportunity to develop very low-cost sensor to be embedded into these new applications and then embed our KULR VIBE software onto the vehicle itself either integrated into the computer that’s on board or KULR VIBE can fit inside our KULR ONE battery unit to do the monitoring as well.
So, we see an opportunity going forward where the KULR ONE becomes the power source and the intelligence unit of these vehicles and then by become the sensor part of it, and they work together to give you the maximum benefit for keeping the batteries cool and safe as well as keeping the rotors and the motors running smooth and more energy efficient, then that will be really cool package.
Theodore O’Neill: Okay. That makes sense. Thank you.
Stuart Smith: Alright. Thank you. We are going to be joined now by Jake Sekelsky. Jake is with Alliance Global Partners. Jake, are you with us?
Jake Sekelsky: Yes. Hey Michael and team. Thanks for taking my questions.
Michael Mo: Hi Jake.
Jake Sekelsky: So just looking at the on-shoring of your supply chain, which I think is important in looking at the facility in Texas. There has been a lot of government funding across the battery supply chain that’s becoming available. Are there any programs either out there around the horizon that you think KULR might qualify for down the road?
Michael Mo: Yes. This is something that, frankly, we haven’t put a lot of focus on in 2022, but we are putting a lot more focus on in 2023 and going forward. A couple of programs, I mean I think the biggest one is the Bipartisan Infrastructure bill. I think is somewhere around $350 billion. So, there is multiple phases. I know last year, a bunch of companies got sizable chunks of that. Now, we have our domestic North America supply chain in place. I think that we can start that initiative in applying for that government financing or funding source. There is also additional DOE, ARPA and DoD financing available. So, as we really start showcasing the North America, the U.S. supply chain and manufacturing base, we will be very actively going after those government support.
