Formula One has been actively involved in the battery industry for over a decade. In 2019, we achieved a major milestone with the successful development of our first home energy storage solution. Building upon this success, we expanded our reach to over 200 residential energy storage installations in Southeast Asia. Our product expanded from 5 kWh to 30 kWh, catering to residential energy storage needs. We are authorized dealers of CATL, which grants us stable access to superior battery cells. Our R&D boasts a background in new energy research from a world-leading team which gives us good battery management systems (BMS) and state-of-charge (SOC) solutions.