Weebit Nano Limited

Good afternoon, everyone in Australia, and good morning to those that are perhaps joining overseas. My name's Eric Caret from Automic. I'm delighted to be here hosting today Kobi Hanock, CEO of WeBitNano, to give an update on the recent Q3 FY24 quarterly activities report that went out. Just quickly on some housekeeping, we will be taking questions from attendees today. So if you do have a question to ask, please use the Q&A function. Should be on the bottom of your screen or on the right of your screen. Type the question in and I'll put that to Kobe. So again, thank you everyone for joining us. Kobe, welcome. I'll hand over to you just to give a bit of an update on the quarter.

Thanks, Eric. So yeah, it's been... it's been another extremely busy quarter. We've been working, you know, really hard with, with so many of these foundries and IDMs and it's, it's hard to explain, you know, what's going on right now. I think that since the beginning of, of 24, we've started, I think it's four or five new evaluations with these big guys. So there's, There's really a very high level of interest with our ERAM. In our ERAM, we're very busy with these guys. We've been talking to, as I said many times before, we've been engaged with the majority of the big foundries and big IDMs. and there's been a lot of work going on. They are moving forward now more and more into detailed evaluation into negotiations. So there's really a lot happening. We had an amazing Embedded World Conference. For us, this was the biggest event for the year. I'm really happy that we managed to get the demo with the GF, the chip that we manufactured on the GF wafers. And that demo was really good. I mean, the team, I have to hand it to the team. In about two months, they managed to take a first wafer that came out of a fab and make it into a demo that showed an 8 megabit array working. And I think so many people were very impressed with what they saw that really triggered, you know, so many engagements now also with product companies, some product companies that have been following us kind of in the background have now come to us and said, hey, let's really move forward. So there's really a lot of activity, you know, these things, the negotiations are, are really tough. Um, you know, these are very big companies, very cautious about what they do with their fabs and stuff and, and very cautious about, you know, their expenditures and, and we're, um, we're insisting to get value for the technology. So, um, but it's, you know, it's been a very, very exciting quarter and I'm looking forward to, to the next one.

Great. Thanks, Kobe for that, for that overview. So, um, Again, as a reminder to attendees, happy to take questions. So please use the Q&A function at the bottom. I've seen someone has raised their hand. You will need to type the question in the Q&A function. So, Kobi, I'll hit off. You basically covered it, but I think I've seen one question come through already, and I think it's on everyone's mind around customer contracts. You've obviously got foundry contracts. You're in detailed conversations with potential customers. You probably can't give us defined timing, but how should investors be thinking about potential timing for a customer agreement?