The order marks a strategic win for the manufacturer, with scheduled deliveries set for the first half of next year. Management anticipates that this initial contract will catalyze follow-on orders beginning in the second half of 2025, alongside further conversions from their current sales pipeline.

Chief Revenue Officer Steve Bakos emphasized the market necessity for the product, noting that drone manufacturers are actively seeking high-performance power sources from qualified, non-Chinese suppliers. Following Tuesday’s gains, the stock price reached $2.81, recovering from a recent downward trend that had seen shares close at $2.51.