Wave Systems Corp. (fka WAVXQ)

[BillyBobBrunick]

Question on refresh recycle

Assume User Fred works for The Joe Bag of Donuts Company and is given a new corporate laptop with SED today(~$7 to Wave) and assume the JBD Company buys new laptops every 2 years.

In two years from today when Fred gets a new laptop with SED, will ~$7 go to Wave again, or is this a one-time deal per user?

Since the Wave software (for managing SED) has already been bought for Fred, I would assume no?

I assume that the only recurring revenue to Wave is for the ERAS license to manage that seat?

Help me understand this please, thanks!