Gelion (GELN) Investor update summary

Strategic partnerships and U.S. market entry

• Entered a strategic collaboration with the U.S. Department of Energy's National Laboratory of the Rockies to validate sulfur cathode technology for domestic supply chains, marking formal entry into the U.S. market and aligning with federal energy security and advanced manufacturing initiatives.

• The CRADA with the National Lab of the Rockies provides external validation, accelerates commercialization, unlocks access to U.S. funding and defense markets, and supports the establishment of a domestic pilot plant.

• Collaboration provides access to U.S. research infrastructure, is a precursor to securing grant funding, and supports a fully domestic cathode supply chain.

• Sulfur supply is robust, with the U.S. producing about 15% of global output, supporting scalability.

• Global scale-up efforts are underway across Australia, US, UK, Germany, and Japan.

Technology, scalability, and product development

• Developing next-generation lithium-sulfur battery technology with proprietary Nano-Encapsulated Sulfur (NES/NEST) cathode material using nanoconfinement, validated by partners and designed for drop-in compatibility with existing lithium-ion and sodium-ion manufacturing.

• NES/NEST material targets high energy density, power performance, and can be integrated into existing battery manufacturing lines, reducing barriers to adoption.

• Technology is designed for applications in electric mobility, aviation, grid, and stationary storage, and serves multiple customers and applications, including lithium metal, graphitic/silicon anodes, solid-state, and sodium-sulfur batteries.

• Ongoing technical work includes potential applications in sodium-ion batteries and further product market fit assessments.

• Evaluation will focus on performance across applications to refine product fit and de-risk high-power, long-life battery cell development, with results reported across multiple federal agencies.

Leadership transition and organizational focus

• Matthew Wood appointed CEO, bringing over 20 years of experience in scaling specialty and battery materials businesses globally at Cabot Corporation and BP.

• Outgoing CEO John Wood emphasized the company's strong position for growth, innovation, and commercialization.

• The management team is considered highly capable, with no immediate changes planned; future hires will support scaling as needed.

• The company operates globally with leadership roles in the U.K., Australia, and the U.S., and values cross-regional collaboration.

• The CEO transition was described as highly professional and seamless, with strong board support for the new leadership.