Now turning our attention to core from core infrastructure to our VCSEL initiative, we are pleased with the progress we’ve made so far this year. While we were modeling VCSELs to represent only 1% or 2% of total revenue this year, we are seeing a steady increase in activity and anticipate a ramp in production during 2016.

During the first half of 2015, we recognized revenue from NRE contracts that funded product development. We expect this will be ongoing as we add new partners.

During the second half of 2015, we’re scheduled to initiate shipments of qualified devices to some of our partners. From there, we expect we will ship pre-production volumes during early 2016 before moving to full production later in that year.

Due to NDA agreements we have with our partners, I can’t provide you with much more color. However, I can say that we are partnered with some very large companies. It’s important to understand as the substantial economic advantages of our 6-inch wafer process and that it’s enabling the market opportunities that our partners see. And if our partner is all right, the market opportunities are very significant.

Umm.... yes please!