“Getting our first CapFormer system fully operational earlier this month was a huge milestone for us. But that was always just a first step in a much longer journey,” stated Origin CEO John Bissell. “Today we’re thrilled to announce that our next three systems are expected to complete their Factory Acceptance Tests in Q2 and to begin commercial production starting in Q3. As we indicated previously, forthcoming lines will incorporate Origin design modifications to increase throughput to achieve superior unit economics.”
“We’re also excited to confirm our previous guidance around having eight CapFormer systems online by the end of this year,” added Bissell. “To go from zero lines to eight lines in less than a year is admittedly a tall order, especially for a first-of-its-kind product and a first-of-its-kind manufacturing line. But we believe our team is up to the task and we are working to make that a reality every day. As a practical matter, all of these new systems will be completed and rolled out on a staggered basis. We plan to provide updates on major milestones for each of the new CapFormer lines in the coming months via our social media accounts.”
