Ann: Quarterly Activities and Cashflow Report-XPE.AX, page-122

“The Company has built a small number of demonstration kits of ADRC running on Intel(R) D2000 chip on a mini PCIe card and configured on Advantech hardware running Moon Island gateway. These were previously shipped overseas to Intel(R) for their testing and review.

With the recent recruitment of Martin Despain to the Company, he will be leading the potential business development opportunity with Intel. Updates will be provided to the market upon any progressions”

I had the same thinking on the bold sentence when I first read the paragraphs.

However, if you read again and again the 2nd paragraph, IMO it is telling us that, now that Martin is on board, he is the one leading the potential business development opportunity with Intel AND any progression from hereon will be updated to the market.

Any progressions for announcement by Xped where Intel is concerned will require Intel's green light - hence, probably why no mention of any progressions (that we wish to hear) thus far.

With Xped being Intel's partner and with the latest update that we have this morning on HC, ADRC Mini-PCIE Module for Intel IOT Gateway shown on Intel's Solutions Directory, IMO, things are "progressing well" with Intel/Intel iOT Gateway.

Intel Atom - I have previously posted an article which stated that Intel Quark is also embedded in Intel Atom processor.