Remember what Ralph said at the end of the AGM presentation back...

Remember what Ralph said at the end of the AGM presentation back in December ...

" expect an agreement on a strategic partnership in the next 6 months that is a game changer. "

It's now 10 months.
I guessed this would be with another foundry to give us scale ( although this is not stated ), a foundry with similar capabilities to build on our IP and custom built MEMS solutions, Certainly Skywater fits this profile.

I remember in the prospectus we were about developing complex MEM's solutions, delivering initial manufacturing volumes and then assisting with the manufacturing ramp if needed. Seems to be what is being executed for NanoDX GTM.

From the prospectus :

With matched-to-market MEMS solutions, Senserastrives to provide a solution that can scale with thecustomers’ demands over time, not just wafers/chipsproduced to a minimum volume requirement. Thematched to market concept is based on establishing arelationship with the customer during thecommercialisation and growth phase for an end productthat includes a MEMS chip or semiconductor as a criticalinput. Sensera enables customers to complete the R&Dto prototyping phases and then scale manufacturing overtime with one supplier. During this period Sensera hasthe opportunity to establish itself as a crucial part of thecustomers supply chain whilst the customer increasesproduction in accordance with growing commercial salesvolumes.

With bespoke research, development and production ofMEMS, Sensera is positioned as a complete end-to-endMEMS partner for customers. Sensera generatesrevenue from its initial engagement, however, during theresearch, development, design and prototyping phasesmargins are low due to the time intensive nature ofdevelopment. Higher margins are realised during thetransition to the manufacturing phase.It is difficult for a customer to switch to a differentprovider at the end of the prototyping phase as the keycomponents have been custom made by Sensera, thecost to switch is high and the potential time lost issignificant making Sensera the likely and a potentially‘sticky’ manufacturing solution.With multi-year contracts potentially available, thiscapability has the potential to provide Sensera withreliable, long term recuring revenue.