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Stock impact report

SES AI Reports Third Quarter 2024 Earnings; Outlines Commercialization Progress

SES AI Corporation Class A (SES) 
US:NASDAQ Investor Relations: ir.synthesisenergy.com
Company Research Source: Business Wire
EV B-Samples Passed Industry Safety Test GB38031Revenue Pipeline from UAM and DronesRevenue Pipeline from AI-Accelerated Battery Material DiscoveryStrong Balance Sheet Provides Liquidity into 2028Highlights100Ah Li-Metal cells successfully passed GB38031-2020 global EV safety testUAM (Urban Air Mobility) lines completed Site Acceptance Test (SAT) and signed cell supply agreements including with SoftBankBuilding earlier revenue pipeline from AI-accelerated battery material discovery for Li-Metal and Li-ion electrolytesFY 2024 cash usage in range of $80M to $95M, down from $100M to $120M WOBURN, Mass.--(BUSINESS WIRE)--SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced its third quarter 2024 business results for the quarter ended September 30, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031949353/en/The Company p Show less Read more
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