I was wondering for those who know. Is this an industry standard as far as the time it takes to qualify a product? Based on our current timeline with our Tier 1 customer it is approximately 6 to 9 months.First to qualify the OI, then the design in phase and finally prototypes. Also my feeling is the company wont announce the Tier 1 until prototypes are available. Just my opinion but my guess is September?
And based on this from the year end report. Looks like most of the revenue for years will be based on NRE. Does this mean they dont expect any mass production? I dont know. Im just asking?
Customer demand for paid non-recurring engineering work (NRE) is difficult to forecast accurately and, as a result, we may be unable to match our engineering resources with customer engagements. Much of our revenue during the coming years will be for non-recurring engineering work (NRE) related to demonstrating the functionality of the POET Optical Interposer in various applications. At any given time, we have multiple discussions with potential customers ongoing, some of which mature into proposals and a portion of those into paid development work. It is not possible to estimate in advance which of the multiple discussions is likely to convert into a paid project. Nevertheless, we make planning and spending decisions, including determining the levels of NRE that we will seek and accept based on a variety of factors, including the market position and prestige of the customer, our determination of the likelihood of success of applying our solution and the size and likely success of any products that may result. Our decisions involve internal staffing levels, contracts with vendors and co-development partners, sub-component procurement, capital expenditures, commitments to production schedules and other resource requirements.