Future iterations of our materiality assessment will consider our expanded operational footprint and expanded stakeholder expectations and can incorporate considerations of longer-term indicators of organizational resilience, e.g., talent retention/ attraction, adaptive business strategies, and additional stakeholder expectations. Future iterations can also consider topics which might not have a near-term significant impact on Enovix but have a significant impact on the environment or society that may eventually significantly impact Enovix and its key stakeholders. Future iterations of our annual ESG report may situate our ESG performance within prevailing reporting frameworks such as those developed by the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), now within the purview of the International Sustainability Standards Board (ISSB). Other frameworks, standards and reporting outlets will be explored, in time, such as the CDP Climate Change disclosure, the recommendations of the Task Force for Climate Related Financial Disclosures (TCFD), the UN Sustainable Development Goals, and the UN Global Compact. Historically, advancements in battery performance have come primarily from improvements in the active cathode and anode materials. While other companies focus on incrementally improving batteries through new chemistries, our team at Enovix has completely reimagined the battery architecture — throwing out the more than 100-year-old “jelly roll,” where sheets of anode, separator and cathode are wound together in a jelly roll form, and replaced it with a precise, laser-cut design where strips of anodes, separators and cathodes are stacked. Our unique cell architecture enables us to be one of the first battery manufacturers to use a 100% active silicon anode and the advantages are severalfold. Silicon is a plentiful and sustainable ingredient that can store more than twice as many lithiumions as a graphite anode, which is used in most conventional Li-ion batteries today. Additionally, the use of silicon within our architecture translates to a battery with high energy density and capacity.