Here’s my summary of info gleaned from the presentation and Q&A...

Here’s my summary of info gleaned from the presentation and Q&A session.

PR campaign
- commences mid May
- a US campaign
- targeted at increasing industry awareness, not retail investors
- idea being that prospective partners will be given clear picture of achievements to date and given strong indication of what can be expected from PL5&6 such that, presuming success, 4DS can then come back to them
- they feel that the company has enough data from PL4 to commence discussions with potential partners
- Peter has worked with the PR company a few times before
- will be engaging with well-known analysts and reporters
- Peter has ~ 18 appointments lined up
- website will be updated as part of campaign


PL5&6
- PL5 due Q3, results likely late that quarter
- PL6 due Q4, results may come late that quarter but may be early Q1 ‘25
- PL5 looking to further improve performance
- question was asked about what aspects are being focused on
- Ting gave a meandering answer that can be summarised as “I won’t say”
- PL6 should bring performance improvements, but unlikely that speed will be one of them
- PL6 carries risks, but Ting feels that the technology is unlikely to have inherent issues preventing scaling to 20nm. If it fails it’s more likely due to a process problem that should be readily addressable with another iteration
- if that is the case then potential partners should be able to take that into consideration and Ting feels that, as long as the fix appears achievable, that a failure of this nature would not be a major issue in terms of prospective partners’ interest
- whilst the direct answer about whether successful scaling to 20nm is needed to progress to partnership/acquisition was dodged, it seemed to me that the implied answer was a yes

imec
- they emphasised that you can’t just buy your way in
- 4DS payments to imec represent a tiny percentage of imec’s cash inflow ie imec are not working with 4DS just for the money as the amount is essentially non-material to them
- DM reiterated that imec have said they’ll make introductions to 5 major players if PL6 is successful
- imec won’t give any quotes or written statements
- they cannot possibly do so for all the companies that they are working with as it would be overwhelming and require a dedicated team just for that function and they cannot show favouritism to any particular company or else their position in the industry would be impacted

News flow
- DM reiterated that the ASX is restrictive with what news they will allow to be announced
- quarterly due next week

Prospective partners
- various forms in which partnerships may take
- unable to comment much beyond that at this stage, but it includes acquisition


So nothing ground breaking or unexpected, but good to iron out a few things.

Caps were available.
The scallops were nice.