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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PTK will choose their development partner. PTK will go through the licensing motions. A 3rd (seperate) party or parties will come in and make a take out offer.
That's how I see it playing out. Sorry I couldn't be more clear.