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"Significant royalty potential: OBJ’s partners sell individual products that each can deliver revenue in the hundreds, if not billions, of dollars. Even small percentages of large numbers can produce significant royalty revenue. Further, we would expect OBJ to deliver high margins on royalty style income streams, even after allowing for the development of OBJ’s internal BodyGuard products (which will require further capex and opex). Potential high margin, annuity style revenue streams would likely underpin high trading multiples in the future."
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