Ann: Weebit Nano Q1 FY23 Activities Report and Appendix 4C, page-27

my recollection there @Recruiter10 was that wbt definately wanted to go tier 2 first to avoid being at the mercy (aka bent over and xxxxx) by the clout of a tier 1. skywater has been a perfect first partner . . big enough to be credible, usa based, great customer list including DoD, hungry to grow, innovative and open to new technologies . .. and in all those things there has been a beautiful pairing with wbt where neither party has either sought to or been in a position to screw the other and both parties wanting (and needing) the other . . a beautiful pairing.

now that we have qualified with leti and all progressing so well with skywater transfer and qualification wbt has the power to engage with tier 1s and be confident to stand their ground in negotiations. and beautifully the universe has aligned tsmc clucking away like a mother hen ready to hatch her reram so that has forced other tier 1s to search the globe for something to compete . . and who is waiting with a qualified amazing solution . . ka-boom . . little old wbt. but the power of the strategy used in going with skywater is wbt board can sit at the negotiation table with most of the big cards in their hands. we are cash loaded . . the tier 1s need us more than we need them!!

so yes . . goal was avoid tier 1s in first phase of tech transfer . . tick . . and now probably sooner than expected thanks to 1. tsmc moves and 2. the amazing results wbt reram is achieving and 3. huuuge global need for alternative solution to flash the tier 1s are lining up wanting to talk to wbt reram.

wbt board . . well played! very well played!