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jrs5

12/30/20 5:32 PM

#207679 RE: joshuaeyu #207539

Perhaps the end date of the "Joint Development Period" in early March 2021 does have some significance. We unfortunately do not have any details about the requirements of the companies during this period (there must be some agreement detailing the JDP that we do not have access to). But it would seem logical that LQMT may have been prohibited from using jointly developed technology (106C and machine robotic improvements) in the LQMT Territories until the end of this period. It could be why Li just took cash out and Bruce informed us of a new domestic manufacturer in 2021.