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The data-center opportunity sits in our 10-K as an emerging market and a risk factor — not a revenue line. We're building an 800-volt DC microturbine for the next AI-chip power standard, piloting with infrastructure companies, but nothing signed at this time. Our Energy Surplus reference design pairs waste-heat recovery with waterless cooling on a data-center power ring. We describe the pipeline as "doubled" and better-qualified, yet no customer named, no revenue booked. This is optionality, not a proven thesis.

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CEPL / The data-center angle - real direction, unproven revenue