Welcome to the Next Thing Technologies investor center. Here you'll find key information about our company's financial performance, governance, and future prospects.
We are a company that files annual and semi-annual reports with the Securities and Exchange Commission.
CURRENT OFFERING CIRCULAR: 2024 Offering Statement (Form 1-SA) Filed 2024-11-07
2023 Annual Report (Form 1-K) - Filed 2024-04-25
2023 C-AR Annual Report (Form C-AR) - Filed 2024-04-29
2023 Special Semi-Annual Report (Form 1-SA) - Filed 2023-09-28
2023 Offering Statement (Form 1-A) - Filed 2023-08-16
2022 Annual Report (Form 1-K) - Filed 2023-04-20
CEO Jason Adams brings experience in energy investing, dealmaking, and driving rapid revenue growth.
Advisor Ahmad Pesaran is highly respected battery expert with 150+ publications.
World-class team of engineers and partners dedicated to pushing boundaries of energy storage.
Aiming to be the first American company to power an office and home with a sodium-ion battery system.
Differentiated technology and business model compared to lithium-ion incumbents.
Potential to disrupt the large, rapidly growing battery market with a more affordable, safer, sustainable solution.
Plans to establish a valuable domestic supply chain, manufacturing batteries in the U.S. with American resources.
Agreement with American Battery Manufacturers to produce NTT's batteries in the USA.
Partnership agreements with potential customers, including major developers ready to put batteries in new homes.
Concrete plans and agreements in place to potentially get batteries into homes and businesses across America.
Potential to be the first battery certified for in-home installation due to superior safety.
Partners ready to move forward once units are demonstrated in a house and pilot production plant launched.
Plans to potentially sell hundreds or thousands of batteries based on current agreements.
Planning to raise $20 million this year to finish R&D and create what we believe to be the world's best sodium-ion cell.
Next step is to build a pilot production line to show we can make these cells at scale.
This achievement will unlock access to new government grants and tax credits, attracting even more funding.
Manufacturing in the U.S. provides a "Made in USA" advantage, meaning access to massive credits and high demand.
The government has specifically identified sodium in DOE papers as a possible solution.
At gigawatt-level production, we'd be considered critical energy infrastructure, meaning protection and support.
Potential to be the first to market with home-safe sodium-ion packs, definitely first in America.
We’re changing the future — We want to ensure every American home has affordable, safe, and sustainable electricity which never goes out. We’re making a battery in every home as common as a refrigerator to make life independent from the grid a reality for everyone.
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What is Next Thing Technologies? What products are you offering?
Next Thing Technologies is developing advanced sodium-ion battery technology for stationary energy storage applications. Our flagship product is an innovative home battery system that aims to be more affordable, safer, and sustainable than current lithium-ion options. We're developing solutions for residential, commercial, data center, and utility-scale energy storage.
What is NTT selling, and how does it work?
We're developing a sodium-ion battery system for home energy storage that we can scale to commercial and utility size applications. It works by storing electricity during off-peak hours or from renewable sources like solar panels, which can then be used during peak hours or power outages. Our system aims to be safer, more affordable, easier to install, more scalable, and more eco-friendly than current lithium-ion options.
Does the product exist? What is the plan for it?
Yes, we have working prototypes of our sodium-ion cells and have successfully combined them into a home-ready battery pack. Our plan is to refine the design, scale up production, and with this next round of funding, bring the product to market. We're currently working towards pilot production and seeking additional funding to accelerate our timeline.
What is Next Thing Technologies? What products are you offering?
While our sodium-ion technology could potentially be used for electric vehicles in the future, we are currently focused on stationary energy storage applications. We believe the stationary storage market, particularly for residential and commercial use, offers significant growth potential in the near term. Our modular, scalable design is well-suited for these applications.
It is very possible that the technology could be used for electric vehicles, in fact there are some applications of the materials we use in our batteries that could be used for electric vehicles. We have not ruled it out, however we believe that the industry most likely to grow faster, sooner is stationary storage.
We could at some point make a division that partners or licenses with someone in electric vehicles, but for now in this stage of our growth, we are focused on proving our technology to the world through stationary storage.
How does the module connect with the existing electrical system?
Our battery system is designed to integrate seamlessly with existing home electrical systems. It will likely require professional installation, similar to other home battery products, but that will depend on what our final design is and how it gets certified. We're working to make the installation process as straightforward as possible.
Is the product serviceable by the homeowner or does it need to be sent in for repair?
Our battery system is designed to integrate seamlessly with existing home electrical systems. It will likely require professional installation, similar to other home battery products, but that will depend on what our final design is and how it gets certified. We're working to make the installation process as straightforward as possible.
Beyond residential use, what other applications do you see for your battery technology?
While our initial focus is on residential energy storage, our sodium-ion technology has potential applications in several other areas:
Commercial and Industrial Energy Storage: For businesses looking to reduce energy costs and ensure reliable power.
Data Centers: To provide backup power and manage energy consumption more efficiently.
Grid-Scale Energy Storage: To support the integration of renewable energy sources into the power grid.
Electric Vehicle Charging Stations: To manage peak loads and provide fast charging capabilities.
Remote and Off-Grid Power Systems: For areas without reliable grid connections.
This combination of talent positions us to potentially revolutionize the energy storage industry.
How have the challenges with commercializing sodium-ion batteries been addressed?
Our team of expert advisors and engineers has made significant progress in addressing previous challenges with sodium-ion technology. We've developed innovative cell designs and electrolyte formulations that improve performance and stability. Our focus on stationary applications also allows us to optimize for this specific use case. Our science partners have solved many of the previously identified challenges with sodium technology, and are confident about completely addressing the remaining ones.
How are these charged in use for home heating and cooling, rather than the rural electric companies? What is the expected life expectancy of the home system?
While we're still finalizing these details, our goal is to create a product that is as low-maintenance as possible. Some basic monitoring may be possible for homeowners, but we anticipate that any significant servicing would need to be done by trained professionals to ensure safety and optimal performance.
Who are the key members of Next Thing Technologies' leadership team and advisory board?
Next Thing Technologies is led by CEO Jason Adams, who brings extensive experience in energy investing, dealmaking, and driving rapid revenue growth.Dr. Ahmad Pesaran serves as our Energy Storage Engineer Advisor.
Dr. Pesaran is a highly respected expert in battery technology with over 150 publications and decades of experience at the National Renewable Energy Laboratory.
We also have a world-class team of advisors from industry giants like Microsoft, Tesla, Panasonic, and Airbus, bringing expertise in areas such as data center batteries, electric vehicles, and aviation power systems.
What makes Next Thing Technologies' team uniquely qualified to succeed?
Our team brings together world-class expertise from various fields:
Our CEO, Jason Adams, has a track record of building and scaling successful tech products.
We have advisors from industry giants like Tesla, Panasonic, Microsoft, and Airbus.
Our R&D team includes experts in battery science, pushing the boundaries of what's possible in energy storage.
This combination of talent positions us to potentially revolutionize the energy storage industry.
How does Next Thing Technologies' battery technology contribute to environmental sustainability?
Our sodium-ion batteries offer significant environmental benefits compared to traditional lithium-ion batteries. They use abundant, non-toxic materials that are easily recyclable. Unlike lithium mining, which can have severe environmental impacts, sodium is readily available and can be sourced with minimal environmental disruption.
Our batteries are also designed to last for 20+ years, reducing waste and the need for frequent replacements.
Why is NTT focusing on a specific product rather than licensing the battery tech to a larger market?
We believe developing and marketing our own products offers greater potential value for our shareholders than a licensing model. By bringing our technology directly to market, we can capture more of the value chain and have greater control over the application and development of our technology.
That said, licensing our technology is definitely an avenue we plan to pursue as we progress. As our sodium-ion technology matures and we advance further along our technical roadmap, we anticipate exploring licensing opportunities, particularly in sectors like electric vehicles or with other battery manufacturers.
Our early data points suggest that our technology has the potential to be competitive with leading products like the Tesla Powerwall in terms of performance. We've developed an ideal battery blueprint with over 100 specific criteria that we aim to meet for the perfect sodium-ion battery.
Once we've fully proven our technology in the market and start receiving inbound requests, licensing could become a significant part of our business strategy, allowing us to expand our impact across various applications while focusing our direct efforts on our core markets.
How are these charged in use for home heating and cooling, rather than the rural electric companies? What is the expected life expectancy of the home system?
Our battery system is designed to integrate with your home's existing electrical system. It can be charged from the grid during off-peak hours or from renewable sources like solar panels.
For heating and cooling, the battery would supply power to your HVAC system during peak hours or power outages, potentially saving on energy costs.
The projected life expectancy of our home system is 20+ years with minimal degradation. This longevity is one of the key advantages of our sodium-ion technology.
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