Matt Miller

For you also, this must be good news, the Carlisle story, right?

Obviously, your funding round has been very successful.

What are you going to deploy that capital to do?

How will you rebuild the industrial base?

Hi, Matt, and thanks for having me on the show.

This is very exciting news for Ceronic, and as you mentioned, very exciting news for the industrial base.

Before I jump into what's next for Ceronic and what we're going to be doing, it's important to acknowledge that this fundraising really came off the back of or is a byproduct of the execution of our team over the last 12 months.

Just 12 months ago, we raised a $600 million financing round on a $4 billion valuation.

That let us open our first shipyard, launch Marauder, which is 180-foot autonomous ship, start a $300 million infrastructure project into scaling production capacity at that shipyard.

and also scale the production of our small USV products, Corsair, which you see right behind me, well into the thousands.

Now, as we look forward, what are we going to do with this new capital?

We're going to continue to accelerate the production and the delivery of our vessels to the US and allies around the world.

We're going to launch new products, new ships, and we're going to continue that investment into the shipbuilding industrial base.

billions of dollars, create thousands of jobs in the process and unlock production rates in shipbuilding that we haven't seen in this country since World War II and do it in a very software first, technological first approach.

And it's also, I mean,

I wasn't aware until we started reporting on the potential to lift the Jones Act what a bad state U.S.

shipbuilding is in.

I mean, we only have like six or seven Navy shipyards, and most of them are here on the East Coast.

I think one in California.

How are you playing a role in bringing back U.S.