Jeunke, great post, yes the deals could take many forms, what we do know though is,
Dr Lebby has told investors LWLG has been internally maintaining/updating Revenue forecasts for at least 9 months now, and investors know that LWLG has PROVEN its ability to produce very significant levels of "Chips per Quarter" comparable to other Component providers in the Industry currently, and would only need to outsource if Massive orders form the likes of Intel roll in!
Optical Modulators Market by Application and Geography - Global Forecast and Analysis 2019-2023
The global optical modulators market size will grow by USD 42.88 billion during 2019-2023. This market report provides a detailed analysis of the market by application (telecommunications, data centers, CATV, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many optical modulator manufacturers, including Agiltron Inc., Cisco Systems Inc., Fujikura Ltd., Gooch & Housego Plc, IBM Corp., Intel Corp., Jenoptik AG, Lumentum Holdings Inc., MKS Instruments Inc., and Thorlabs Inc.
Key Insights on Optical Modulators Market – Global Forecast 2019-2023
Integrated transceivers forecast to be $20 Billion by 2025 from $3.2 Billion in 2017 surpassing current Discrete based devices in 2021, the forecast for Discrete transceivers remains roughly a flat line at approximately $8 Billion from 2017 through 2022 when it begins to decline as Integrated Transceiver volumes begin to soar
So we are either 13 months into the cycle per Proto's estimate or 20 months per your estimate. I'm expecting the announcement of a deal well before this year's asm.