Notes from the meeting 29/01/2021

Rather than give more airtime to the insufferables I thought I'd post my notes from the meeting.

How many fabs do wewant to be partnered with by end of 21

• Answered by Coby
• Don’t want topartner with multiple fabs too early
• Partnering with multiple fabs is too heavy on resources and inefficient
• We need to choosejust 1 that is the best fit- maybe 2

Is the delay totransfer to fab a problem for commercial deals?

• Answered by Coby
• Not an issue.
• Coby spent a lot of time on how we are fab ready which felt a little hollow

Fab transfer

• Answered by Coby
• Customer or contractor
• Fab will help with adaptation of the tech in the fab so a bit further R&D
• Some things need to be done in the production fab
• Then qualification phase- fab runs the tech through tests to make sure it is completely ready for mass production
• Then offer to customers
• All of the above will likely take a year or so
• Simultaneously WBT will also offer to companies to fit it into their products. This process is already under way with multiple potential customers
• Fabs will license the technology from WBT

Market share

3 components

• Embedded
• Discrete- memory IP and product- selling components
• Had to take a work call so missed the 3rd

Selector

• Standalone memories need much larger arrays
• Smaller geometries- below 28nm to be competitive
• Gigabit
• Know how to deal with these problems but take time
• 2024

Conservativetimeline for cash flow and potential raise

• 2022

Addressable market




As above I had to take a call for work halfway through the meeting and so missed a lot from about 35 minutes in onwards. Please feel free to continue this thread with more notes.

p.s. apologies to Coby for catching a screengrab mid conversation. That's always rough