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ME93

01/13/22 9:35 PM

#36929 RE: Stockrisk #36926

Agree, Stockrisk. The customer first had to test some individual units to ensure promised functionality. This was completed successfully. Next, came a proof of concept with 2,500 units. While the functionality of the units is proven, however, from a customer perspective, there will be a lot of software development and integration into the customer’s systems. This development is tedious and the pace of the customer’s team can be impacted by many internal factors.

I think once the proof of concept is successfully completed w/all associated tweaks on IQST’s part as well, roll out can begin in earnest. Until then, revenue will be minimal.