Morning allrecently remembered the Letter of Intent AXE signed...

Morning all

recently remembered the Letter of Intent AXE signed with the Australian Missile Corporation in 2021. Long term holders will recall ....












non-binding intent can sound like an oxymoron, deliberately so. Most often it is a valid agreement where one party agrees to buy something from the other at a future time when it's made available. This is well known best practice strategy for deep tech companies to lock in while developing a minimum viable product. We are talking here both specifically about the 12CQ development as well as AXE expertise in deep nanotech. So back in June 2021, before even patents were granted, the largest Australian supplier to the ADF has signed an LOI. It is a price sensitive announcement, if this agreement wasn't still in place, I would think it would have been announced.

This could also be one reason why our CEO isn't particularly fussed about promoting AXE in ways we would like. LOIs, not just ones with defence, require non disclosure clauses and exclusivity. This is a well known fact with Silicon Valley investors and start ups as well. And with AXE, it isn't quite a start up chasing first round funding. It has a cash runway. It also has collaboration like this one that will take whatever AXE can supply whenever it's ready. This kind of R&D enterprise actually attracts interest in different circles. The cutting edge nature of it also brings the best talent to us. Post doc personnel are avoiding academia and opting to work at places like AXE. Innovation happens with some people daring to dream.