I would definitely expect that the bulk of direct selling of ETS by Wave would be in volume quantities to enterprise customers at reduced prices and not from much directly from Wave's website.
I really expect that Wave has been going full throttle to push basic ETS out to every available TPM they can reach. It's just my guess that guidance on Q4 revenues is plausible. I still guess that direct selling of ETS may be more substantive for that purpose than licensing from Intel and NSM.
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