Ann: Nanotron and Protran sign volume supply agreement, page-19

Please refer to page 8 of the company's prospectus. In the "what is the market opportunity for Sensera?" section,it is clearly stated:the MEMS market is currently largely serviced by contract manufacturers who provide high volume,fast throughput manufacturing.These companies have limited ability to act as a dedicated development partner and undertake manufacturing profitably at a smaller commercial scale ""There is an emerging commercial opportunity in the MEMS market with demand for MEMS producers who can provide a highly specialised,matched-to-market R&D and design services,as well as being able to manufacture specialised MEMS at low volume"

This part of the Co. has been in bed with Abiomed and Harvard Weiss Institution.

In page 9 of the prospectus,it is clearly stated in "what other commercial opportunities are there to sensera" that Sensera's long term potential lies in being able to leverage its design,engineering and manufacturing capabilities and capture economic value by creating and assembling a portfolio of global disruptive technologies". In my opinion Nanotran fits these boots. Nanotran has been in bed with Protran Technology, a Harsco Rail company and Smartbow which is taken over by Zoetis.

I hope these can help you to know what the Co. competitive advantages are.Otherwise the big fishs playing with Co. can provide some clues.