Re: Working with China. You people will recall the conversation that Tombot and I shared in the spring with Suresh and TM when they were at the Empire Club D-Wave presentation with Don Listwin. At that time the agreement with Accelink had just been announced. Many of us were concerned that POET would need to do a technology transfer with Accelink and they would have access to the secret sauce. That concern was quickly put to rest and remains that way. POET does not have any subcon work going on in China and shortly after that arrangement was reported with Accelink, POET announced that the optical interposer would be fabricated in Malaysia at SilTerra using their own equipment. It was the beginning of fab-light designed to protect the IP. That protection continues and as you will recall Suresh reaffirmed this last week as I mentioned in the summary I posted. POET would build optical engines to supply Accelink. But as you will recall Suresh was very keen to deal with multiple companies and in multiple regions.They made no exclusive commitment with Accelink. So last week POET was incorporated in Singapore. I suspect that move allows for increased options in terms of navigating Optical Engine sales to China. But regardless of how  that works out POET has not hung their hat on China and as we know  if China products entering the US have made those imports much more expensive. What will that mean to POET who  will be building optical  engines in East Asia outside of China? I not trying to spin this as a good thing but it definitely has less impact to POET than to  a large number of  companies and in some ways can benefit POET.

So  once again we see a heads up  move by POET to position the company to avoid dependency on China. I suspect all  of  this  will play out in short order in terms of any kind of  prolonged trade war. That is not good for anybody.

And just to  be clear  there are certainly many very large companies in China that are not associated with Huawei.