A proposed non-binding partnership plans to utilize Sidus's IBM-licensed battery technology to focus on expanding into lucrative industries such as aerospace, robotics, and advanced electric vehicles. The collaboration is set to take place in Weifang, China, with the announcement made on July 7, 2026. Hongli Group Inc. (Nasdaq: HLP), also known as the "Company," will be spearheading this initiative to tap into these high-growth markets. This move signifies an effort to capitalize on the potential opportunities presented in these sectors, aiming to position itself strategically in these burgeoning industries.