We are pleased to announce that we have completed production of the small-scale demonstration plant called "Katsura-1J", and installed it at our Kyoto laboratory. This demonstration plant will be used to test power generation and CO2 capture using biomass resources such as wood pellets, agricultural residues, raw material processing residues, and food & beverage processing residues, and will aim to achieve 1kW output by utilizing hydro chemical looping technology, with a view to commercialization in 2028. We are also actively recruiting human resources to strengthen our research, engineering and business development capabilities.