No doubt. I did this one with one of the snap off blades that was long enough to cut all the way through. Definitely not clean like a factory cut, but functional.So, here's my last 2 cases. The electric cut out tool, with the provided bit, cuts just about 3/4 of the way through the kaizen sheet when fully extended, if you wanted to you could adjust the depth shallower to fit your needs. I should have worn a mask (lots of foam dust, still coughing that crap out) but it definitely gave me a straighter, neater cut than the snap off blades, which work fine in their own right.
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Amazon put this Pelican 770V at $120 shipped. Couldn't resist at that price. It's a great case. I might try the electric carving knife next time.