No single customer cracks 10% of our revenue — we serve over 10,000 accounts across more than 100 countries, built that way on purpose. That diversification spans data centers, telecom, utilities, emergency lighting, renewables, industrial. It's why the hyperscalers appear only as validation counterparties running their own qualification; none is named a customer. Our data-center and communications markets run a different cycle than motive power — less tariff-sensitive, in a growth cycle driven by AI and digitization. Cautiously optimistic.
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