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Wednesday, August 25, 2021 11:32:18 AM
1. In January he started PoC with Microsoft (Officially)
2. Entered into agreement with Avnet to manufacture Tritom S100
(which is a large step to completing PoC as the company needs to insure you will be able to meet large demand for product when PoC is completed)
3. Tri Cascade entered into an authorized, formal Supplier relationship with Microsoft
(A step that is a must for ongoing orders according to Microsofts supplier relationship verbiage)
4. Tri Cascade signed up an LTE data rate plan under our wholesale agreement with T-Mobile, which now extends the provision of T-Mobile IoT connectivity to both NB IoT and to LTE, and then extends it to 5G. The LTE rate plan is a key factor to Tri Cascade’s Microsoft Sphere project. It significantly enlarges the Sphere solution with LTE connectivity service, while also providing Tri Cascade with increased reoccurring data connectivity revenue on a retail basis
(This step now allows TriCascades Tritom S100 to be a full feature 5g connectivity product which is unlike the other two Guardian devices listed on Microsofts website and creating synergy with their two largest partners T-Mobile and Microsoft.)
5. Because of the addition of LTE connectivity, we are also working on LTE onboarding for SIM activation and data billing infrastructure with T-Mobile - scheduled go on live in October, 2021.
(Will give SRMX an additional recurring revenue stream once PoC is completed with Microsoft)
6. Tri Cascade TRITOM Guardian S100 module, and successfully delivered the product to Microsoft in April, 2021 under Microsoft’s purchase order.
(To show how close they are to completing PoC and having their product released, Microsoft purchased SRMX MVP product for testing. If everything meets Microsofts standards we should see their Tritom S100 appear on Microsofts website after final approval has been made.)
All italic is IMO but these are the steps tech companies take to bring a new product to market. We are at the final stages of the PoC and IMO Max has laid it out pretty clearly for investors. Yes Max did not come out and say it was for testing purposes but as investors of an emerging technology company we need to understand how these steps work and do not exactly know what verbiage Max is allowed to use according to Microsofts NDAs.
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