microvast, incorporated is the parent company of microvast power systems, microvast materials and ochem. each company represents a piece of the vertical integration strategy for manufacturing top level advanced power solutions. founded in 2006 as a primarily research and technology driven company, microvast, inc., has evolved into a completely vertically integrated advanced power and technology company that maintains strict quality control from the very bottom all the way to the top. this quality is reflected in the top-level advanced power solutions we provide, as well as within each of our other products from our integrated companies. it also gives us some significant customization flexibility and cost advantages when meeting the needs of our customers. at its heart microvast is a battery chemistry innovator with over 250 patent applications, and over 100 core patents for all battery cell components. microvast’s manufacturing operations are centered in huzhou zhejiang china. our