01:11:11 – Leanne Sievers: Then there were also a number of questions related to the India Space Research Organization, also referred to as ISRO. Suresh, can you confirm whether the company has submitted a bid or bids for transfer technology for GaAs-based devices?

01:11:29 – Suresh Venkatesan: We typically will only make announcements or discuss agreements or contracts that we have entered into, so at this point we will not comment or speculate on anything associated with ISRO or SCL in this case.

I think it is pretty clear that they submitted a bid otherwise Suresh would have been quick to respond with a...Yes we participated in the pre-submission process but decided that it was not in our best interest to proceed with a bid.