Feeling better!! Ok is this correct? Is the lenze app fee...

Feeling better!!

Ok is this correct?
Is the lenze app fee payable monthly per active download?
Read the Ann a few times....

US$ 0.15 per active download:
"The Company has licensed its Auto Discovery Remote Control (“ADRC”) technologies to Lenze in return for a fee payable per active download of the Xped App."

US$ 0.15 per month per active download. 2 Million devices sold per month:
Month 1:
$0.15 x 2 Million active users= US$300,000

Month 2:
$0.15 x 4 million active users= US$600,000

Month 3:
$0.15 x 6 Million active users = US$900,000

Month 4:
$0.15 x 8 Million active users = US$1,200,000

Month 12 = 3.6 million?

Seems too much.


OR

Do they mean just per activated download as a 1 off payment? = US$ 300,000 per month? = ONLY US$3.6 million a year?

Also do not forget the Licence agreement with Telink:

Plus Licence fee from Telink Agreement:
"XPED to receive a licensing fee of 17.95% PER CHIPSET SOLD containing ADRC technology"

2 million x $?.?? Say $0.50  x 17.95% = $179,500 per month from Telink on this device.

So US$ 479,500 per month US$ 5,754,000  or AU$ 7,660,000 per year for this device.

Multiply that by say 3 devices =AU$ 17,262,000 per annum.

This is only 1 sales pipeline customer...

Multiply this by 5 customers..... = AU$86,310,000. (86 Million)

5 customers. What about 100 customers. Of course not all deals will have this potential.

A tier 1 lighting customer would be bigger, but most will be smaller.

This would not be much penetration of the market either.

if this becomes a standard, think a magnitude or 2 higher.

I think xpe should send at least 3 techs to finalize the first product for Lenze.

I thought looking at some potential which some looks like is now likely to be realised would be a good idea.

LGTAH