Ann: Pilot Production Line Established & $1.25m Grant Received, page-7

Something to ponder for those who intend to hold EMV long term.

Cochlear (COH) sold 24,000 units last year for revenue of $1.3 billion. Market cap $21 billion

I would argue strongly that EMV's addressable market for EMU and the ambulance/air gen 2 will be much larger than COH's addressable market.

Stroke is a far bigger market than ear implants. No comparison.

When EMV sells 6,500 units a year at AUD$200,000 per unit we are then at the same revenue as COH.

Long term I expect more than 6,500 units a year PLUS all the accessory revenue associated with those units.