Ann: Business Update - Airobotics IPO replaced by Capital Raise, page-5

From the announcement

Since the Airobotics partnership is mainly focussed on R&D and certification, therefore from a revenue
perspective, the Company is not expecting to feel any impact on 2021 results. Furthermore, Elsight is
receiving considerable interest from leading drone players in the drone package delivery Beyond Visual Line
Of Sight (BVLOS) market segment. By now, a number of other FAA certification contenders have also
switched to use our Halo, which by now has a strong brand recognition in this growing industry. Since the
market believes that Elsight will receive the FAA certification with Airobotics first, at this advance stage, we
are progressing a number of drone platforms, leveraging the NAAMA events and trade shows as the
company’s Go-To-Market strategy, without waiting for the final FAA certification.


Maybe it is just me, but the way the announcement is worded, it almost needs clarification?

When you first read it, I was under the impression leading players in the drone package delivery BVLOS market segment, are the same as the contenders who have also switched to Halo? Rereading , the contenders are not the leading drone players in package delivery!

That's the way I see it, and am not suggesting the announcement is negative, just as we have seen in the past, clarity of wording could have been much better!

cheers