It would appear so & from Kiscos' technical vantage point, it could-well mean a lot. There is only one caveat I can think of in my hypothesis that I can't be sure about...I'm not sure of the exact role Kisco plays in the two ventures. If Kisco merely acts as an ancillary encasement supplier &/or distributor in helping to bring QDots to market , they could conceivably do so for both companies at the same time. But if it goes deeper than that in a one-or-the-other JV product offering , that's an entirely different story & wouldn't bode well for Nanoco , if at-all. Either way, it would seem very odd when considering Kiscos' direct financial investment in Nanoco , if Kisco were to help advance Nanocos' competitors' QD's into the marketplace...unless they ultimately concluded Nanoco was a non-starter when compared to QMCs' wares.