Ann: Weebit Nano Q4 FY24 Activities Report and Appendix 4C, page-57

Why do you think we need Insto's?
Financially we have more than enough in the coppers to bring what we have developed and are developing to get us over the line and have a revenue stream that will very quickly expand. The insto's that we have are all fully supportive on the and know and understand the problems into signing a first customer.
It is a huge risk for a potential customer to either change from another form of NVM (Flash etc) to WBT (being an independent developer of ReRAM) or to spend a huge amount of time and expense going through the processes to bring bring this NVM to production status. It is a huge task for WBT to ensure that we outperform in all aspects of negotiation, design and exceed customer satisfaction into bringing the product to production.
From Coby's talk and his body language, I believe that next year will be a breakthrough year and we will see a large influx of signings and greater development.
Coby is confident that we will have customer signup(s) before Christmas.... I believe he will do this.
From the inception of WBT over the last 8 years there has been huge changes come about in the semiconductor industry with a huge increase of rapid development in many areas of the semiconductor industry that has changed the facet of requirements of semiconductors for the future.
Just my thoughts.