Still reading... but interestingly 33 employees with plans to hire two more in 2024... use of UBIQUITOUS within filing... plus:
Our Plan to Compete
We believe that as our organic polymer technology gains industry acceptance, we will be poised to obtain a significant portion of the component manufacturing market and have our technology become ubiquitous. Electro-optic polymers demonstrate several advantages over other technologies, such as inorganic-based technologies, due to their reduced manufacturing and processing costs, higher performance, and lower power requirements. Our patented organic polymers and future electro-optic photonic devices have demonstrated significant stability advantages over our known competitor’s materials.
We believe the principal competitive factors in our target markets are:
· The ability to develop and commercialize highly stable optical polymer-based materials and optical devices in commercial quantities.??
· The ability to obtain appropriate patent and proprietary rights protection.
· The ability to create commercial silicon-based PDKs for our electro-optic polymers??
· Lower cost, high production yield for these products.??
· The ability to enable integration and implement advanced technologies.??
· Strong sales and marketing, and distribution channels for access to products.??
We believe that our current business planning will position our Company to compete adequately with respect to these factors. Our future success is difficult to predict because we are an early-stage company with most of products still in development.
Many of our existing and potential competitors have substantially greater research and product development capabilities and financial, scientific, marketing and human resources than we do. As a result, these competitors may:
· Succeed in developing products that are equal to or superior to our products and future products or that achieve greater market acceptance than our products and future products.?
· Devote greater resources to developing, marketing or selling their products.??
· Respond quickly to new or emerging technologies or scientific advances and changes in customer requirements, which could render our technologies or products obsolete.??
· Introduce products that make the continued development of our products and/or future products uneconomical.??
· Obtain patents that block or otherwise inhibit our ability to develop and commercialize our future products.??
· Withstand price competition more successfully than we can.??
· Establish cooperative relationships among themselves or with third parties that enhance their ability to address the needs of our prospective customers.??
· Take advantage of acquisition or other opportunities more readily than we can.?
Employees and Human Capital
We currently have 33 full-time employees, and we retain several independent contractors on an as-needed basis. Based on our current development plan we expect to add 2 additional full-time employees in 2024.
All above around page 34
