Stephen Squires: "Through the process of working c

Stephen Squires: "Through the process of working closely with these large companies we have gained a great deal of knowledge about the display industry and how it works. The more we have learned the more favorable a licensing model appears to us. Our company’s strengths are in our ability to develop new and novel materials that enable revolutionary things. In addition we have developed the process technology that allows us to produce these extraordinary materials in high volume and at low cost. I can assure you after 8 years of trial and error achieving this is not trivial. I absolutely believe our team is the most advanced in the entire world at developing and producing Nanomaterials using continuous flow technology. With that said I believe a properly negotiated licensing agreement with one or more display industry giants will allow us to achieve rapid market penetration with much less risk as compared to ramping production organically, developing a supply chain and going through the rigorous process of becoming an approved supplier to a large number of these mega companies. We believe Universal Display Corp (OLED) has demonstrated just how successful a properly negotiated license agreement can be. If you are not familiar with Universal Display Corp. They own the phosphor technology used in OLED displays. They are a public company and they recently achieved a price earnings ratio of 100 for a $6 billion market cap on revenues of $200M. Considering all industry forecast are predicting quantum dot enabled LED displays to out sell OLED displays I was very encouraged".