This is quite accurate. However, we should leave room that Lebby may well be on course to his stated targets and timelines.
I think they (corporate directors ) were in a quandary for what to do about their “commercialization agreement“ directly a head of the ASM. I believe they thought they had a big announcement. However they couldn’t put numbers on it and they couldn’t put a name to it . At the time, they felt like that was the biggest and best news they could announce.
Also, stating that the PDKs were competitive and very sensitive and the need for secrecy was high and so on. So we give the benefit of the doubt. With a nod to Reagan; “Trust with verification “.
To date not a single completed PDK has been announced, so any claims that customers are working with the results and beginning their own evaluatation (sic) and new design process with existing PDKs that incorporate Lightwave technology appear to be wrong. This is especially likely since the company has clearly stated customers are demanding reliability data - and lots of it - before they are satisfied.
Geez, they always want lots of reliability data with any new PDK.
Lebby has said that excellent progress was being made and that we are on track.