"Management maintains active exchange with industry leading...

"Management 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."

All they had done within that demonstration was provide a Proof-of-Concept. Nowhere does it state they have shown a final product. The intent would have been to generate interest and get industry approval that they are onto a viably economical product. Simply just a stepping stone to where they find themselves today.

They now have demonstration rigs with a clear understanding of the specifications that are to be achieved. The outcome of this demonstration is certainly a catalyst for the success of this company.