RE:An Excellent Updatethefourth,
I believe the 5 year cycle generally refers to the period from ideation to commercialization. I believe we are in somewhere in year 3 depending on the application.
For bolt on applications we are probably between 3 and 4 5ths of the way there, depending on the particular OEM's on road testing requirements.
As this appears to be a new configuration/application we probably closer to the start of year three due to the re packaging and integration requirements plus field testing. If, as and when milestones are met, commercial arrangements to support the agreement will probably change as well.
I was particularly happy to hear Sue tell us that EXRO was selected over competitor offerings. This bodes well for the future in my opinion.