Not surprisingly there are a number of unexpected hurdles on the...

Not surprisingly there are a number of unexpected hurdles on the path to glory.

To me this explains why Fred & Ian left EOS. They realised a few months back that a number of water shed milestones need to be cracked and overcome, however I take this as a positive omen. Prior to demonstrations everything was focussed on getting the technology to a point where it worked to minimum specs overcoming one technical hurdle after another. Now the focuss is on commercialisation and product with the following major activities in no particular order:
1. Get capital (I suspect they need a significant amount of this and hitting up a few mates or the FB overdraft facility won't cut it);
2. Do a good deal with a reliable partner that can package the chips;
2a. Finalise a deal with Tower Jaz for the manufacture of chips (hard to do a good deal when its a one horse race);
3. Running at scale a few manufacturing lines of the product. I'd welcome some input on how this happens, but assume that they go to Tower Jaz and get them to do trial runs at different scales, i.e manufacture run of say hundreds of chips / test / validate; then scale at thousands / test validate / then maybe scale at 10s of thousands. Remember it takes 6 weeks to bake a chip then you have to factor the test and validation on top, integrate amendments and then go again at a greater volume.
4. Make bespoke test/demo packages with a FB one pager on how to drive it.
5. Engineer the above such that the IP is protected.

The amount of capital that is raised may illuminate us on how long the path to commercialisation (at scale) may take.

The main concern for me as they transition is they need to go from a pure R&D play that runs on the smell of an oily rag to a commercial operation that requires cash / resources / sophistication and dare I say marketing to drive this further. If you want a comparative semiconductor company that does the commercial side well, look at Weebit Nano. Its no surprise FB sits on the WBT board.

I wouldn't expect any further announcements till next Easter / Passover.

Gltah