Machina Labs Q2 2023 Update – Part 2

During this quarter, we successfully brought two additional manufacturing cells online, bringing our total to seven operational cells. Our team has dedicated significant efforts to enhance uptime by addressing most important operational and product challenges. As a result, our uptime has significantly improved from 8% to 20%. Additionally, we have commenced the deployment of our first deployable cell, which will take center stage at FabTech this year. This prominent position allows us to showcase our leading manufacturing technology, in a highly popular manufacturing event in the United States. Furthermore, I am delighted to inform you that the booth sponsorship for this event is provided by our valued robotic supplier, Kuka. This sponsorship represents a value in millions of dollars, which we are receiving at no cost.