Great for future development. We now have our "50" researchers. Check this off the list.

"POET is in advanced discussions with a leading institution to enter into a joint development agreement that will evaluate the adaptation of the POET platform for potential applications in micro-displays for the burgeoning Augmented Reality market".

I am sorry, but now we need this one checked off.

"POET has received specific interest in applications from prospective customers and is in advanced discussions to license for non-recurring engineering (NRE) fees and transfer our proprietary integrated planar opto-electronic technology. Included in the talks is the proposed establishment of a platform for the development of integrated sensing applications."

What I love about this mornings NR is this statement.

"This joint initiative is also significant as a great stride toward developing alternate applications and developing the POET Roadmap beyond the inaugural addressable market of Data Communications."

Is there any question as to our target market and what to expect next? Now let's get on with the revenue side of the equation.