Could you cut and paste the lines where it says they are negotiating for third party Validation? I am pretty sure you have miss read some thing there.

Is this the line?

"The Company's 100-nm scaling and prototype initiatives have successfully achieved a culmination point where transition to a third-party foundry is now being negotiated."

definition for culmination :

the highest or climactic point of something, especially as attained after a long time. toreachthehighestpoint,summit,orhighestdevelopment, toendor
arriveatafinalstage

Aahh I see it . Sorry haven had time to give it a proper read.

Mr. Peter Copetti, Executive Chairman and interim CEO, noted, "We are extremely proud of how far our team has come. We are now at a point where the capabilities of a third-party foundry are required for practical demonstration, as well as subsequent third-party validation. We look forward to proceeding on this basis."