Ann: AGM CEO Presentation, page-65

Part 2 from my AGM notes.
(I support what has been reported by others there above.)

Other fabs? Not at present. Most fabs are reluctant to allow production to be changed as improvements come: Danny was VERY complimentary about EM, Pointing out that they have the very latest high tech production machinery available - unlike even the development Fab adjacent in Tel Aviv that was so accommodating during earlier work.
‘EM has the capacity to meet our current needs…’
‘Their 50 million figure is now a bit less…’ (a reference to packaging?)

Re any AKP restrictions on marketing in or out of China: ‘AKP is able to market anywhere, including in China, but we do plan to use Earth Mountain within China.’ ‘We’re not EM’s only customer…but we’re probably the catalyst for their plan to be a world leader in MEMS.’

I asked a general question about the continued interest from many large firms who signed NDAs years ago. Fred said he continued to get frequent calls and a lot of enquiries from many of them, and this was despite no financial outlay on marketing!

To the general issue of fundraising; this is important - but the Chairman’s firm view is that this must await the demonstration packages to achieve the deal he wants. Meanwhile current funding ‘is available’.

This led to a discussion on the difficulties of planning timescales and critical component deliveries: ‘we don’t know what we don’t know about the world …’ For example the special probe tool required to bulk test production chips quickly and cost-effectively is currently very difficult to procure, and current work-arounds aren’t good enough…

patent protection: is it adequate? Danny said ‘ what choice do we have? China produces 90% of all the world’s audio components; we HAVE to deal with China.’ He went on to list some expiration dates of the earliest patents, but pointed out the careful and detailed recent patent actions that have been assiduously taken.

Is the new chip too loud for earphones. ‘Yes, and we’re addressing this. Basically GEN I and II chips will be needed for different applications.

vision for next 12 months +? ‘We want to change the world!’ ‘We expect to be in full production this year. Compare the timescales of the change from CRT TO LCD. WE EXPECT TO SEE A SIMILAR TIMEFRAME FOR AKP!’