VIC Technology Venture Development (comment on Tesseract)VIC Technology Venture Development - Brief comments on Tesseract Structural Innovations via their 2023 mid-year report/update. . . . Comments cut/pasted below , and link to their site/mid-year report further below. . .
Despite rough economic cycles in the automotive industry, Tesseract Structural Innovations made
excellent progress in the first half of 2023 working closely with two automotive companies on crash
safety and electric vehicle battery compartment protection. One project is with one of the largest
auto companies in the world with whom Tesseract is working on multiple vehicle platforms. The
other project is with a young, innovative company introducing their first electric vehicle. Part design
concepts for both OEMs proceeded rapidly from design to simulation testing. The project with the
young company is moving the fastest. Physical part testing is planned in August. Auto parts testing is complex with test parts, test rigs, sensors, and high-speed cameras at a third-party testing company. Tesseract has a production line for the parts fully designed and ready to implement. That production line could be operational and producing initial parts within a year of production approvals. The line is being sized to handle the expected 20,000 initial part order and with capacity for growth. It is designed to be easily applied to other Tesseract part designs in the future.