clarification needed

Hi,

I sent the following question to the IR of Anteo. But I would appreciate, if some of the great posters on this board could share their opinion:

Could you please explain what is exactly meant by the term "market opportunity" as used on page 9 of the presentation. I see 3 possibilities to read it.

1.) Are the mentioned $1 billion to be seen as potential revenues created from product sales and royalties?

2.) Or do you mean that Anteo will potentially earn a royality of this market opportunity, which of course results in far smaller number. Assuming e.g. a royalty of 5% of the $1 billion this results in $50 million revenue.

3.) Or ist it the potential market cap of Anteo?


Thanks for your help,

best regards,
laga