What is a “design win” worth, page-24

GPI released their September Quarterly on the 9th of November.

In their previous report they stated that they had committed an extra $500K (minimum) on ATS for product enhancement and to speed up development. They increased that to $800K but unfortunately all of the money has gone to Xuvi.

Note 10. Commitments and Contingencies 

On January 26, 2018, the Company entered into global strategicagreements for development, licensing, and revenue sharing with both BrainChip Holdings Limited (ASX: BRN), a leading developerof software and hardware accelerated solutions for advanced artificial intelligence and machine learning applications, and Xuvi,LLC, a developer of an immersive data analytics and automation platform. The companies plan to jointly develop products for worldwidedeployment in casino currency security, table game operations, and player behavior applications. In August 2018, additional agreementswere signed with Xuvi, LLC to further develop the products. The terms of all agreements signed in 2018 require payments to BrainChipHoldings Limited and Xuvi, LLC of approximately $0.6 million and $1.5 million, respectively, and are contingent upon completionof project phases. GPI paid an aggregate $1.6 million during the nine months ended September 30, 2018.

So BRN have completed their part of the agreement and have been paid in full. Now we have to wait for Xuvi to finish their part before the ATS is market ready and a saleable item.