Impact Coatings Q1 2023: First comment - Redeye

Redeye is encouraged to see Impact Coatings making further progress and executing on its expansion plan. The Q1 financial numbers are overall in line with our expectations. The report now includes order backlog for Coating Services, which we believe indicate good momentum. Also, another order for Coating Systems within application area radomes was received during the quarter. We will make some positive changes to our near-term forecasts as we expect a significant ramp-up of deliveries to Plug Power during 2023.

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