In the report it states "I have assumed that potential customers...

In the report it states "I have assumed that potential customers will be provided chips for testing purposes by the
end of 2020 but that it won’t be until 2022 that first sales are made."

I can't think of a good reason why there would be a 12 month plus delay. What would be occurring in that 12 months? I understand that it would take about 6 months to produce the first chips ready for delivery, so is he assuming 6 months for first chips and another 6 months for a sufficient batch to be delivered for sale? Surely, then those sales would be in calendar year 2021?

Or perhaps he is just being conservative?