Ann: Weebit Nano Q3 FY23 Activities Report and Appendix 4C, page-37

@patawalonga . . three things for you to think about. and the third one is the key.

1. these guys are building something that has never been done before and have done it in relative warp speed. There is no defined path or timetable for what they are doing, and every iteration takes time - significant time. but if you do want a comparison, go read the 4ds quarterly they dont even have working tech and the front page of the 1/4ly is spruiking that their staff are vaxed and covid isnt inpacting them.

2. as conplex as the tech is . . the orgabisations we are working with and the legal teams and agreements that are part of that process are equally conplex. imagine being a customer looking to change from flash to a 'never used before' tech .. the i dotting and t crossing would be like nothing you nor i could imagine.

3 . . ok the golden nugget. i LOVE that this is taking time . . like REALLY LOVE IT. for in this elongated timetable we are seeing the incredible barriers of entry that others will have to hurdle to compete with us. we are navigating these hurdles with the best of the best in the tech sector with a tech that is faster/cheaper/more resilient/more efficient/ greener by orders of magnitude over current solutions. so if we are facing these hurdles, guess what . . the likelihood of competitors even getting a look in never mind potentially getting to production gets more and more distant. and in that pata is the bit that will make wbt more successful than even you and i can imagine. every day that we are stretched in finalising agreements just means the ultimate returns are magnified more.

keep enjoying your travels buddy and check in in july is my advice.