End of the month19 Sep 2024 20:12
There are however areas which need to be addressed and which we can significantly improve on and my new role is to ensure we are laser focused on identifying solutions and implementing these improvements across a number of focus areas as soon as feasible.
- Commercial
o Renewed focus on commercial targeting, utilising a data driven approach
o Expand our use of partners to reach new customers outside our core markets to enable us to scale in a fast and cost-effective manner
- Operational
o Utilise our geographic centres of excellence in the UK, U.S. and Canada to drive greater efficiency within the organisation
§ In the UK - continue to invest in expanding our operations through increasing automation at our factories to bring production costs down
§ In the U.S. - ensure that we are able to manufacture products in the U.S. which are capable of benefiting from the full suite of available subsidies
§ In Canada - utilise existing facilities and expertise to create a global centre of excellence for flow battery product development, supporting the launch of Mistral and future products
When we report our interims at the end of this month, I look forward to highlighting our progress in addressing these priorities."