new investor presentation, page-36

Twin,

I was a little surprised when you clarified the numbers for 'What Mix&Go could be worth'.

To me it doesn't seem like a realistic target to achieve 100% saturation of the IVD/POC market. That is a very ambitious target but may be not realistic. For ADO to receive the quoted revenue figures it would require Mix&Go to be incorporated across all the main players entire product ranges. With the deals done so far Mix&Go has only been incorporated into 2 products each with Bangs and Merck. While the deal with eBio is a step in the right direction, at this stage M&G will be incorporated into products that make up about 50% of their revenue.

If we cant achieve full saturation with these bead/research players is it realistic that we would achieve it with the main IVD/POC players.

I would have thought your target of 10% of the IVD/POC markets would be far more realistic.