Ann: Appendix 4C December Quarter 2014, page-44

Thank you Imran.

Please correct me if I am wrong.

The company has developed GO in conjunction with Iridium which turns a phone into a Sat phone. Now WRR owns the IP and manufacturing rights to this product. Iridium now orders the product from them obviously at a price set out in their agreement. So as long as Iridium is receiving demand for this product WRR will be a beneficiary?

Is their a gross margin figure provided for this GO product? If they outsource manufacturing (logical) and have large and powerful customers (Iridium) wouldn't their margins be tight?

Is this their first sat phone? To which they own the I.P.

Forgive my ignorance but the plethora of other products developed for Iridium and Immarsat networks are they sold through distributors and re-sellers? This is my understanding.

The company says "growth in recurring revenue" from M2M and prepaid services. What recurring revenue existed before this?