Ann: Important Global Aviation Regulator Approval Update, page-108

What was said in the August Conference Call:

Mike Reveley at

Our primary mission for the remainder of 2016 is to enter into a relationship with an industry partner or partners that provide the scale and depth to commercialize CVM once and for all into the global aerospace market. As we have announced previously, we are well into these negotiations and expect to provide investors with more substantive information regarding this within the foreseeable future, certainly well before the end of 2016.

Toby Chandler at 8:45:

What we are talking about now is one OEM that has effectively already granted CVM holistic approval for multiple airframe applications on essentially every single part of the aircraft fuselage. Coupled with that, as Mike said, we are in a very very mature stage of negotiations with a very prominent and powerful industry partner who will be able to bring this to a very very real commercial reality. And, as we’ve said all along this year, we expect that agreement to be advanced to the point that we can announce that this year and, as we’ve said, potentially well before the end of the year. That will be our expectation. Indeed we have a pivotal call with this OEM partner this week and we will be having these calls and visits routinely over the coming days and weeks to finalise this agreement. So, yes, given where we are at now we expect this agreement in a very announce able state well before the end of the year.