"We license our software, which has been designed and engineered to comply with the recently released ZigBee standard for short-range, low-energy consumption, voice and data wireless communications to manufacturers of microprocessors and OEM manufacturers, thereby enabling them to develop an increasing number of wireless communications applications using Airbee’s software, including consumer electronics, medical equipment, sensor and metering equipment, and industrial automation equipment. To date, we have negotiated software licenses with seven licensees with revenues to be determined by the licensees’ product commercialization. We have had negligible revenues from these licensees during the reporting period. We expected to begin realizing revenues from these agreements about mid 2007. However, the ZigBee Alliance announced another more robust version of the ZigBee standard called ZigBee PRO which delayed the commercialization of the technology for the better part of a year. We now expect commercialization of the technology by mid 2008. We are dependent on our customers’ commercialization of their product development which will generate revenues from licensing and/or royalty payments to us, typically on a quarterly measurement basis."
From the 10-K of course.
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