Without going into specifics which i presume is the essence of your question (and can only be more completely answered by the Company) I see the business strategy modelled on and potentially following a similar path to that of PME - but whether it manages to gain anywhere near as much traction depends on how much of a moat the AI holds.
I held PME when it was $0.87 (yes 87 cents ughhh) before it had any significant revenue, and from my (obviously clueless) observations had no foresight to imagine it could ever develop a business so successfully. PME is now amongst the most successful of all ASX listed companies, and there have been many come and go aiming to follow a similar path, none have come close. Whether EIQ can build on its own very positive start and possibly follow along the path of PME is yet to be established, but IMO the Company seems to have built a strong foundation, and it will be up to the new US-based CEO to build on that base.
The business arrangement with Scimage appears to be a great start, and now the test will be whether the Company can translate its recent US business negotiations (that it has referred to recently on a number of occasions) into contractual revenue streams.
Oh, as for my holding in PME? I obviously had no idea - I sold out at about $0.85 (I don't recall exactly and i don't want to worry myself by going back through my old records). Such is life (but I've learnt from that).
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