A license agreement will have no cost and revenue.The Joint...

A license agreement will have no cost and revenue.

The Joint Development Agreement with Sony anticipates that once the Development Phase and testing has been completed that the parties will enter into a formal Commercial License Agreement.Audio Pixels and Sony are well down the track of the agreed development plan to achieve mass-production capabilities, after which Sony intends to transition to becoming a mass- manufacturing partner primarily focused on supplying product for the myriad of diverse consumer products that Sony already produces and sells globally and a supplier of speaker products for use throughout the myriad of diverse consumer electronics products produced and sold worldwide