I repeat what psy said in the announcement yesterday for all selling out today .........
The Company is actively in the market place seeking to establish strategic alliances and commercial agreements in and related to the MEMS industry. As such the number and variety of organisations we are looking to deal with is increasing quickly.
We recently announced that we had acquired the title to the patents underlying this technology. Securing these patents is a major asset for the Company, and in doing so the Company was able to address fundamental issues around certainty and longevity, which a number of fund managers had previously questioned the Company about. Securing these patents is critical organizational pillar for the Company, as it further secures our ability, into the future, to supply products in the MEMS sector. The significance of this milestone appeared to be underestimated in the market.
We believe the importance of this development is becoming clearer to investors.
Additionally we recently completed co development transaction with Enerji Limited and we expect that we will enter into further arrangements with companies, large and small, across various industries. These are the stepping stones of a company building a client base and future revenue.
In addition, in the past few months the enormous potential of the Internet of Things and the role that sensors will play, has received greater prominence.
PSY Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
