We are excited to share an update on our expansion project in Aurora, Ohio.

The expansion project is on track and schedule, and significant progress has been made since the announcement was made earlier this year. The new manufacturing facility is now under construction.

The expansion will nearly double the manufacturing capacity of LayerZero's existing facility, and it will create over 30-40 new jobs in the Aurora community. The new space will be used to increase production capacity to fulfill the demand for quality-built power distribution solutions.

LayerZero Power Systems is committed to providing its customers with the most innovative and reliable power distribution solutions on the market. The expansion project will allow LayerZero to continue to meet the growing demands of its customers and maintain its position as a leader in the industry.

Here are some of the key milestones that have been achieved since the expansion was announced:

• Secured all major permits
• Groundbreaking ceremony held
• New manufacturing facility under construction
• On track and schedule for completion in Q2 2024

LayerZero is grateful for the support of the Aurora community and its customers throughout the expansion process. The company looks forward to continuing to grow and thrive for many years to come.

Updates on the LayerZero expansion project can be found at www.LayerZero.com/expansion.