Ann: Quarterly Activity Report & Appendix 4C, page-11

No forward guidance, true, but perhaps another chance to look at the big picture and understand what AXE is about.

It's about graphene, a nanomaterial. It's about transitioning from silicon based electronics to more graphene-silicon hybrid electronics. Up to now graphene has had the issue of no bandgap that makes it more difficult to engineer on-off switches.

Looking at the additional bio-chip related patents and the news releases over the past year we can see that AXE is working on engineering graphene transistors that have a bandgap introduced. One way is to cut or strip the graphene down to atomic level precision. This is possibly why AXE announced its capability to work at sub 10nm scales as being relevant to the bio chip. Electrons have to flow at sufficient levels for control and read out. Helped by the materials and fabrication of double-gate transistors.

Graphene still offers the best path to room temperature sensing and this is AXE's wheelhouse. Along the way AXE may discover other nano material variants of graphene or achieve very precise nanostructuring of graphene to achieve the kind of efficient transistors necessary. It's very exciting to think that we are at this turning point....can almost touch it with the tips of our fingers. Worth the wait I'd say.