If they didn't have an in house IP lawyer I would consider selling. 40% of the global economy revolves around buildings, most of the rest that involves physical competencies will be in the hands of businesses who use robots. DST is a broad based technology. IP and the development team is the FBRs main shown advantage other then that they have 2 robots some agreements and possibly a good commercialisation team. Protected IP is their strongest moat.
WA EY’s Entrepreneur of the Year award winners, page-121
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