Okay, thank you.

And there was some news last month that the autonomous underwater systems are being used now, you know, operationally in the Middle East, so including on mine clearance in the Strait of Hormuz. Just curious, you know, where do you see Nauticus fitting into that picture, and has it changed the nature of the defense conversations that you've been having?

Well, Peter, I mean, it is interesting. We are actually refurbishing the aquanauts now. We've taken this down period to get them refurbished and ready to go so that we've got good opportunity long-term with them. Immediately upon getting them completed, they go back to testing in Stewart, Florida, specifically on mine countermeasures. And one of the more difficult things to do right now is to get a dummy for you to actually go out and image. And so we have been working and secured those recently with a little bit of ingenuity. And so we will be producing results and hope to have the end customer from the Department of War come down and see what we're doing in the near future. I think we've got some work to do on Toolkit and a bit of work to do to just prove it. But this is the specific task that the Aquanaut is best suited for. There is no question that our imaging hovering is just excellent.

Okay, great. Just one final question before I get in the queue. You did describe that the Gulf of America oil and gas activity is challenging. And, of course, previously there was an expectation that we'd see some improvement, and that was in line with what the larger operators were signaling. But does this sort of change or signal any change in terms of your strategy and appetite just kind of structurally for oil and gas? Can this be something that's kind of nudging you, you know, further in that direction of the other customer types that you've been talking about in terms of how you allocate the resources and how you kind of envision your, you know, your business building in the coming years?

It's a great question. I think the oil and gas market is going to be strong for the foreseeable future. I think we have no idea as to how much damage has been done during the activity in the Middle East over the last year. And so I think prices will be strong, and I think that they will get enthusiastic about developing their resources. However, I think the margin could be much better for us on the port security side and the defense side. And so we're seeking margin and not just work. And so while I think it's going to be a strong market in oil and gas, I think there's going to be a strong margin in the defense side of the work. I also didn't cover another part of the question you asked earlier. I apologize, Peter. But UAE, I could not be happier with the discussions that are going on with our partners in UAE, the Master Investment Group. Highly collaborative, long-term focused, excited about the new manufacturing facility which we're leasing and the entity we're putting in place. and strong support, just it's a tremendous relationship there. And I think that's an area where our solutions are going to be practical and provide value to that region over the long term as well. So I'm excited to be opening up in Russell Kaima and our manipulators, which is absolutely critical. There are no AUVs, autonomous underwater drones in the class of an Aquanaut that have manipulators. And the ability to interact with the environment is differentiating. You cannot go and find that on an untethered robot at the moment. And I think that's where we excel, and there's tremendous opportunity for us.

Okay, great. Well, thanks, John and team, and congratulations on executing your strategy so far this year, and I'll get back in the queue.

Thank you, Peter.

If you would like to ask a question, please press star 1 to raise your hand. Please stand by while we compile the Q&A roster. There are no further questions at this time. I will now turn the call back to John Gibson, CEO, for closing remarks.

Well, we've come to the end of another quarter, and I am incredibly grateful to our employees, their dedication, their commitment to our shareholders for sticking the course with us. I mean, this company has phenomenal potential, and we intend to deliver it. And I thank you to the lenders, and it's just been a phenomenal effort here, and it feels close. and so we're all in here focused on returning value to everyone that's put their trust in us I appreciate it and we're going to go and do our absolute best for you and I hope we're having another call before the next quarterly call to talk about how our business is progressing in fact we may just I'll go ahead and commit now that we'll schedule an interim one as opposed to waiting for to the end of the quarter so that puts work on Kristen and Jimena but look forward to speaking to you again. Take care.

This concludes today's call. Thank you for attending. You may now disconnect.