RE:RE:RE:RE:Why is management so bullish on H2 2021 and beyond?AgJunction was founded in 1990. Novariant was founded 1994. They have been spending heavily on R&D ever since. This R&D has enabled patented IP to accumulate.
There is a cost associated with acquiring and maintaining patents and defending them (and underlying IP). This cost absorbed has accumulated value too.
Much of the AgJunction/Novariant IP is evergreen and represents considerable value. I guess we all know this, but it is worth reconsidering now and then.
We do not discuss the evolving context within which the intellectual property and know-how are used/applied. At least not often enough or in the depth we should.
Today, AgJunction/Novariant IP is embedded in modules that enable precision agriculture and other off-road automation and autonomy activities. The cost of sensors, computing capabilities, and communications is dropping rapidly. This drop broadens the IP market and makes IP more valuable by itself and relative to sensors, computing capabilities, and communications technology.
At the same time, the cost of talent that can create and apply IP is rising.
And the speed of implementation is increasing; look at DE's activities/initiatives.
AJX is in a great spot.