13:14 – The first priority, as we described last time, consolidating in Silicon Valley and transitioning our technology to commercial foundries. We have completed the move to Silicon Valley from Toronto and Connecticut about a full quarter ahead of schedule. We do, however, maintain a minimal presence in Toronto for regulatory reasons. At the San José site, we now have the capability to design, simulate and model devices, circuits and products. We are able to conduct electrical and optical tests on the wafers received from our foundry partners and do our first-order failure analysis and diagnostics in our lab. The first step in our lab-to-fab transition was to establish a supply of high-quality epitaxial wafers from at least one commercially viable supplier. We have successfully qualified two different epitaxial growth technologies: Molecular Beam Epitaxy or MBE and Metal Organic Chemical Vapor Deposition or MOCVD. MOCVD could be more suitable for our commercial needs, and as a result, we have signed a supply agreement with a leading provider of MOCVD epitaxial wafers.

Sure has been quiet about this lab, no mention of cost or equipment, but is nice to see we are up and running with some great abilities.