Here are 1-3 brief analogies to describe Solidion Technology (STI):

• The Intel or Nvidia of battery technology, developing advanced materials and designs for the next generation of electric vehicles and electronics.
• The Corning (maker of Gorilla Glass) of advanced battery materials, creating the foundational components for superior energy storage solutions.
• The ARM Holdings for solid-state batteries, providing core intellectual property and architecture for the future of electric power.

• Solid-State Battery Technology: Develops and commercializes next-generation solid-state batteries for various applications, offering enhanced safety and energy density.
• Silicon-Rich Lithium-Ion Anodes: Provides proprietary silicon-rich anode materials designed to significantly increase the energy density and performance of conventional lithium-ion batteries.
• Battery Management Systems (BMS): Offers intelligent hardware and software solutions for monitoring, optimizing, and ensuring the safe operation of battery packs.
• Advanced Battery Materials: Researches, develops, and produces proprietary materials crucial for the performance and longevity of advanced battery chemistries.

Solidion Technology (symbol: STI) operates with a business-to-business (B2B) model, focusing on the research, development, and commercialization of advanced battery materials and solid-state battery technologies.

Based on the company's latest SEC filings (e.g., Form 10-K for the fiscal year ended December 31, 2023), Solidion Technology is currently in the pre-revenue stage for its core battery technology business. As a result, it does not have publicly disclosed "major customers" generating significant revenue at this time.

The company anticipates generating revenue in the future through licensing agreements or strategic partnerships with other companies. Its prospective customer base and target industries include:

• Electric Vehicle (EV) Manufacturers: Automotive original equipment manufacturers (OEMs) globally, seeking advanced battery solutions for their electric vehicle platforms. Potential future customers could include companies such as Tesla (TSLA), General Motors (GM), or Ford (F).
• Battery Cell Producers: Companies that manufacture battery cells and would integrate Solidion's advanced materials or proprietary technology into their production processes for various applications. This group could include major battery manufacturers like LG Energy Solution (373220.KS), Samsung SDI (006400.KS), or Panasonic Holdings (6752.T).
• Energy Storage System Integrators and Specialized Industrial Markets: Businesses focused on grid-scale energy storage, consumer electronics, aerospace, defense, and other sectors requiring high-performance, compact, and safe battery solutions.

Jaymes Winters, Chief Executive Officer & Board Member
With over 15 years of experience as a Chief Executive Officer in the oil and gas, telecommunications, and retail sectors, Mr. Winters possesses extensive M&A experience. He previously served as the CEO of Nubia Brand International, a special purpose acquisition company (SPAC) that merged with Honeycomb Battery Company, a subsidiary of Global Graphene Group, to form Solidion Technology Inc. Nubia Brand International evaluated over 100 companies before selecting Honeycomb.

Vlad Prantsevich, Chief Financial Officer
Mr. Prantsevich has served as Solidion's Chief Financial Officer since 2024. He has expressed a strong belief in Bitcoin's transformative potential for the financial system, viewing the company's Bitcoin allocation as both a secure store of value and a compelling investment.

Dr. Bor Jang, Chief Science Officer & Board Chairman
Dr. Jang is a prolific innovator with over 800 patents, including more than 680 U.S. patents and 200 international patents. He notably filed the world's first patent application on graphene in 2002. He co-founded Honeycomb Battery Company (HBC) in 2015, AEC in 2012, Angstron Materials, Inc. (AMI) in 2007, and Global Graphene Group (G3) in 2016, serving as President or Chairman for these entities. G3 is the parent company of HBC, AEC, and AMI. Dr. Jang was elected as a member of the U.S. National Academy of Inventors in 2019. His past academic roles include Dean of the College of Engineering and Computer Science and Professor at Wright State University.

Dr. Songhai Chai, Chief Technology Officer
Since September 2021, Dr. Chai has served as the Deputy Chief Technology Officer of Global Graphene Group (G3). In this role, he leads a team of scientists and engineers focused on developing high-capacity silicon anode and renewable biochar anode materials. He also provides scientific and technical guidance for research and development activities, supervises pilot-scale production of silicon-anode materials, and oversees battery engineers and technicians to enhance electrode formulation and preparation.

The rapid progress and securing of strategic automotive OEM partnerships by well-funded direct competitors in the solid-state battery industry, including companies like QuantumScape, Solid Power, Factorial Energy, and SES AI, who are demonstrating technological milestones and forming alliances that could lead to earlier market penetration and capture of critical customer segments ahead of Solidion.

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Revenue Growth Drivers for Solidion Technology (STI)

Solidion Technology (NASDAQ: STI), an advanced battery technology company, is focusing on several key areas to drive future revenue growth over the next two to three years, despite currently facing significant financial pressures and negative revenue growth. These anticipated drivers largely center on the commercialization and market adoption of its innovative battery solutions and strategic expansions:

• Commercialization of Advanced Battery Technologies: A primary driver for Solidion Technology is the successful commercialization of its next-generation battery materials and cells. This includes advanced silicon anode materials, silicon-rich all-solid-state lithium-ion cells, and advanced lithium-sulfur and lithium-metal technologies. The company holds a portfolio of over 525 patents covering these innovations.
• Expansion into Electric Vehicle (EV) and AI Data Center Markets: Solidion is actively developing and positioning its battery technologies for high-growth applications, particularly in electric vehicles (EVs) and uninterruptible power supply (UPS) systems for AI data centers. The recent launch of a "Next-Generation UPS Battery System for AI Infrastructure" highlights this strategic focus.
• Strategic Partnerships and Collaborations: Collaborations play a crucial role in accelerating technology commercialization. An example is the strategic Memorandum of Understanding signed with Bluestar Materials Company in November 2024, aimed at speeding up the commercialization of Solidion's silicon-based anode technology. Such partnerships can provide access to new markets and manufacturing capabilities.
• Launch of New Products and Technological Advancements: The introduction of new products stemming from Solidion's technological advancements is expected to contribute to revenue. This includes developments such as technology enabling 5-minute charging of lithium batteries for EVs across various climates, which addresses a key barrier to EV adoption. The company has also showcased high-performance pouch cells for use in drones and unmanned aerial vehicles, indicating potential new market segments.

Share Issuance

• In February 2024, Solidion Technology Inc. received net proceeds of $17,555 from its merger with Honeycomb Battery Company.
• Solidion raised approximately $3.85 million in March 2024 through a private placement and an additional $4 million in August 2024 through private placements.
• In October 2025, the company restructured a $4 million equity financing deal, eliminating up to 3.4 million potential pre-funded warrants by converting them into common stock held by long-term investors and removing approximately $10 million in derivative liabilities. Additionally, Solidion secured $1 million in non-dilutive bridge financing from an existing shareholder.

Inbound Investments

• The company received net proceeds of $17,555 from its business combination with Honeycomb Battery Company in February 2024.
• Solidion raised $3.85 million in March 2024 and another $4 million in August 2024 through private placements.
• In October 2025, Solidion secured a $1 million non-dilutive bridge financing facility from an existing major shareholder.

Capital Expenditures

• Solidion Technology used $0.2 million in cash for investing activities in 2024, primarily for capitalized patent costs, following $0.4 million in 2023 for similar costs by its predecessor.
• Capital expenditures for the quarter ending June 30, 2025, amounted to $117.8K.
• The company anticipates a material increase in capital expenditures in the near future to accelerate research and development efforts and scale up production operations, focusing on the commercialization of its battery technology and manufacturing expansion.