Ann: Appendix 4C - quarterly, page-234

FROM THE WEBSITE:
Upon achieving mass production capabilities the Company plans to sell and/or license its products to the manufacturers of speakers and consumer electronic devices worldwide, that collectively consume billions of speaker units annually. Audio Pixels will produce and sell a single type of silicon chip that can be used either as a standalone speaker or cascaded in any multiples of the same chip in order to achieve the desired performance specifications. This modular paradigm is entirely unique to the audio industry, which today expends significant resources designing and specifying new drivers, acoustic chambers and drive electronics for each new device. Audio Pixels’ innovative approach not only facilitates maximum flexibility to its customers, it further enables the customer to calibrate on the design and production on a singular product model, maximizing economies of scale, while limiting overhead associated with multiple versions of products.

Management of Audio Pixels maintains active exchange with industry leading companies spanning a broad cross section of the MEMS and consumer electronic industries. Audio Pixels has already demonstrated the technology to potential customers and strategic partners.

BobF - I am sure the latest paragraph has only recently been added.