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TLS
Far be it for me to be economical with the truth but how did you know?
Thanks Red, we know know that you are either Bernard or Sir Humphrey
Terry
Yes, sort of.
However, there are multiple other usages in the Aviation sector where a licence could be required and dependent on the wording, this would also lead to further multiple scenarios. Expanding it further into other sectors only confuses the issue, of which there are multiple scenarios.
I'm sure it's all under control and no need to worry!
Cheers Red
If it wasn’t as clear as mud it is now lol.
I would presume the type of scenario you are battling possibly is a scenario where a FFS supplier supplies commercial & military users. If a deal was set up on hourly usage or per person then that’s great and easy to monitor.
If it’s a flat fee scenario then the Simulator supplier might have a lot less commercial customers temporarily in the equation so things need to be tweaked.
While military may still want to use it the commercial sector may be harder with travel restrictions & loss of business are dragging their feet.
Lots of things to learn though but hopefully sooner rather than later.
Buffet
Are they the same? No is the simple answer.
Company C, L and possibly F go to SEE and enquire about using SEEs IP for a particular purpose which may cover a number of OEMs and could be for new or existing aircraft, fixed wing or not. Negotiations may have been affected by the current situation but doesn't mean they've ended.
However, some OEMs or airlines (be they commercial or government) may not wish to wait for companies C, L and possibly F finishing /restarting licence negotiations so g either directly to SEE or via companies C, L and possibly F to have SEE tech within its set up. It's possible negotiations were either at the RFI stage prior to the current situation and are at RFQ stage now and also there's one or more but whatever I'm not aware it was previously an RFQ and that the current situation has created a stand alone opportunity or it's some body SEE is closely aligned with already but I'm sure we'll eventually find out.
Is that clear now?
I think the waters were muddied in aviation with the onslaught of Covid messing things up for the airlines. Iam sure if no Covid a commercial deal may have been announced already.
Now while commercial may be on hold while new numbers are negotiated or deal tweaking we still have the military aspect to look forward to Iam sure.
Be nice to finally see a deal over the line though to prove that the 3rd leg of the stool actually has a significant value & not like currently where no value in SP is there, nor any chunky numbers allowed for in any forecasts by the likes of Cenkos.
Bullish was his words used in relation to aviation, so let's see!! Although it is rather confusing though, as he says they are now involved in RFQ's and working on licence deals?! Arent these the same and also weren't they always working on RFQ's or were they just chatting to companies trying to educate them about the tech before? It is rather misleading then to say almost a year ago that deals were imminent when they hadn't even engaged at that point in constructing a deal and were still in chat mode!! Jedus, will we ever see a deal in this section?! It is prettyessebtisl to get some cash in to keep us afloat!!!
Couldn't agree more Buffet,
Hopefully we will get an update in July to give greater clarity...
Buffet,Paul was thought of that and already announced a upfront cash deal on 1st April.
Seeing Machines will receive a non-refundable pre-production license fee of US$5 million before 30 June 2020, in addition to future volume based royalty payments for the above mentioned Automotive program. The Company will retain all intellectual property rights associated with its DMS technology licensed to the counterparty under the Agreement.
Paul McGlone, CEO of Seeing Machinescommented: "We have been working on a range of opportunities to license our DMS technology across each transport sector and are delighted that the first to be completed is in our Automotive business with a key Tier 1 partner.
This approach to doing business is key to long-term sustainability and appropriate management of our balance sheet especially in businesses where revenue tends to be longtail in nature."
Let's hope this qvuation deal gets done this year as just watched back last video with Paul on proactive and it's great to the cost cuts and restructure, but this must be combined with front loaded cash deals!!