Next-Stage Expansion – as detailed above, a broad, detailed...

Next-Stage Expansion – as detailed above, a broad, detailed assessment of the multiple options continues, presently centred on a material operational and platform expansion on- site – but also several partnership opportunities with major US enterprises which would potentially enable parallel expansion capability in other US states.

The expansion plan Ann has been delayed quarter after quarter. Now we know why. The original plan just had onsite, now it's planning to be multiple sites across industrial hubs.
If the business model is successful and can be developed across the country then it can be developed in Europe + Asia with other 'Major Enterprises'.

As for the move to Delaware, its highly in shareholders favour if access to US companies requires/makes things easier to expand.
For large businesses, Delaware holds many advantages—but smaller business may not find it as beneficial. Here are the highlightselaware’s business law is one of the most flexible in the country.
The Delaware Court of Chancery focuses solely on business law and uses judges instead of juries.
For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax).Taxation requirements are often favorable to companies with complex capitalization structures and/or a large number of authorized shares of stock.
There is no personal income tax for non-residents.Shareholders, directors and officers of a corporation or members or managers of an LLC don’t need to be Delaware residents.
Stock shares owned by persons outside Delaware are not subject to Delaware taxes.
Typically the court system is not a primary factor when choosing where to form a business, but Delaware deserves a special mention.
The Delaware Court of Chancery is often considered an advantageous venue for shareholder lawsuits. It hears only business cases and uses only judges, no juries. For large corporations with thousands or hundreds of thousands of shareholders, this can be a big plus.

- Given the work done by Touchstone, CFOAM® is now a fully accepted aerospace tooling, and structural core material.
The above speaks for itself, touchstone relationship has served the company well in getting us recognised but it's time to move on to other larger business partners.
Must say I always had the feeling, especially after the touchstone appointmoint to board and the over reliance on touchstone regarding orders, that it would be them squeezing us.
Now it seems like the testing phases are coming to an end and the dialogue from major manufacturers is leaning towards orders dwarfing what touchstone can bring. It may be them left without the ability to produce low cost tools as they can not get the Cfoam to do them.

All in all happy with progression during the quarter, not happy with the current valuation for the company.
CFO is going to go from being evaluated by OEM's and manufacturers to BEING the evaluator as to who gets the limited supply we are able to make.
That is until we do the next phase expansion.