Yes and I'm pretty sure they have (or will soon have) met some of the milestones these potential investors have asked for. I believe that was one of the primary reasons they did the press release about the XBoard. It was to make it public and get some actual commitments (even though unofficial) from potential PWC dealers to show there was a real interest from that market for those products.
I would expect that now that Quadrant is “under control”, the next funding initiative will be for boards and engines. At least that's what I've been looking forward to.