Vendor/Customer Update

We had a fire that damaged one of our baghouses last night (7/23). Most importantly, no one was injured. The fire department was able to contain the fire and avoid collateral damage to other equipment or structures. Our summer cold clean was scheduled to begin this Saturday and will instead begin immediately for furnace # 3. All other equipment is already back to normal operation. Our built ahead inventory for the planned downtime will limit the impact of lost production on customers, but we may need to adjust some inbound delivery appointments due to the schedule changes this week. Once we assess damage and finalize plans for repairs we will share more information. In the meantime, if you have any questions or concerns, please feel free to call or email anyone on our sales or purchasing team, or I can be reached on my cell phone number below. Thank you for your concern and understanding.

Sincerely,

Luke Palen

President

Spectro Alloys Corp

lpalen@spectroalloys.com

612-558-8115