Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications
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Actually you said it well yourself. Whether they are at .49 or 1.00 they still want to get it at 5.00 or above. So why not wait until it's at 1.00 especially since this is the 3rd grant in the .40s. That is the point.