Ann: US Navy Component Supplier Orders AML3D ARCEMY System, page-17

Have similar thoughts re the Archemy sales being one off revenue items. I'm assuming their business model is expects a significant number of Archemy unit sales to a large range of the defence and oil/gas industries 3rd party providers.

I have not gone back through the presentations, however, recollect an annual revenue number in the order of 10-15% of Archemy sales value for licensing/support.

Expect short terms there will be ongoing contract work for validation of new materials and proof of concept orders for potential buyers.

From my perspective this means they need to be having well in excess of 30+ Archemy units in market to create a sustainable business model. I'm not expecting this to be an issue as I don't see their target company as 'niche' as it appears to be a good replacement for some the the traditional manufacturing method given the costs/timeline advantages.