Ann: Half Year Accounts, page-6

‘...While many of the tasks represent ongoing development activities that will likely be sustained by the company in its ongoing pursuit of excellence, for purposes of this report the tasks are defined and measured to correlate with the aforementioned demonstration milestone. As follows:
· Tasks color coded in Dark-Green have been completed to levels required for the demonstration objective.
· Tasks color coded in Mid-Green while ongoing, have already reached a state whereby they are sufficiently advanced as to support the demonstration objectives.
· Tasks color coded in Light-Green have yet to be completed to levels whereby the demonstration milestone can be satisfactorily achieved.
As described in prior reports and updates, our devices consistently play music, although not quite yet at performance levels that meet our aspirations. A critical task to achieving and demonstrating our performance objectives requires our bridging the gap between the perfect world of computer design and simulation and the imperfect world of fabrication. This task (colour coded in light green) necessitates measuring and modelling the finite details of the actual acoustic impulse response in order to amend and fine-tune our algorithms to harmonize with the actual functional and acoustic output capabilities of the current MEMS transducer. As mentioned above this task will commence within the coming days when the recently received full structured wafers complete its “burn-in” process.
An additional noteworthy accomplishment of the period has been the bringing of a second packaging vendor online. The vendor which is locally located in Israel has already delivered assembled and packaged chips in record time. ...’