Ann: Appendix 4E & Annual Report, page-187

No speculations at 4DS, a clear roadmap with IMEC has been developed with each milestone being achieved on-time and on budget.

All announcement are made to complement the non-disclosure agreement with IMEC. This is something made very clear by James Dorrian. However many here fail to understand the importance of the NDA and how it protects our technology from those who may want to steal the technology.

Western Digital would not continually renew it's JDA with 4DS and provide strategic support worth of $15M USD ($22.2M AUD) if 4DS did not have something special (Market Disruptive Technology).