Financial BackingRecent funding from Cerberus combined with a sizable DOE loan has largely removed liquidity risk from the story.
Production EfficiencyThe company achieved production cycle times of less than 10 seconds while exceeding first pass yield targets in the high 90s, a substantial milestone positioning it for future profitability.
Strategic InvestmentEos announced the successful completion of its first set of milestones surrounding the strategic investment with Cerberus, and is now able to draw an incremental $30 million on the Delayed Draw Term Loan.