Soroush Dardashti: Yeah, look so obviously, I can’t comment for others, but, I think one thing that we see you feel is important is that we’re not alone in doing — bringing this technology to the market. We think we have an advantage in terms of both the technology approach, which we have had significant work in protecting our IP and the patents with I think, to this state still one of the largest portfolio of IP granted patents in this space. And two, also from a product maturity standpoint, as you know, we’ve been at this for six, near nearly seven years now, which requires significant investment, significant development, and so, which I think has helped us to progress on our opportunities to secure some of these key partners and start preparing for the program — production programs that are coming up.
Obviously there are, as I mentioned, there are other folks that are in the space. I think we take every competition seriously, and I think generally for the space again, as we have talked about before, we do expect that over time there is going to be a transition from time of flight towards FMCW and some of the largest players, like you mentioned, like Mobileye, also starting to implement that strategic cross area strategy is actually, I think a positive thing for the industry. I think it’s a proof point to the advantages of FMCW and we welcome that and I think we think that’s important overall for the industry space. I think, we expect that over the next number of years. Others also will come but, we hope to continue extending our lead in the FMCW space with our unique approach to technology and now our focus on bringing up our manufacturing and releasing our first product to market.
Unidentified Analyst: Great. And maybe a quick follow-up to what you just said and to a previous question, can you provide an update on the timing that you expect for that transition to FMCW both for robotaxis and then also personal vehicles?
Soroush Dardashti: Yeah, look as we’ve talked about, and some, like for example with the top 10 OEM here, first launchers happening around the 2025 timeframe. As you know, in the automotive space, programs have multiple year cycles and this is not something that’s going to happen overnight, and I do fully expect that there will be additional wins in time-of-fight domain even this year. But the fact that OEMs are starting to leverage and implement the FMCW approach, realizes potential start to actually implement it in their stack and therefore make those decisions to start replacing FMCW time-of-fight already, I think is a big proof point towards that transition is starting to happen and that’s what I think is important. As I said, okay, a few years for that to complete and at the end of the day, also, we don’t think this is a just only one technology is going to be in the next few years. It’s going to take some time for that to happen.
Operator: Our next question comes from the line of Suji Desilva with ROTH Capital Partners. Please proceed with your question.
Suji Desilva: Hi, Soroush. Hi, Saurabh, congrats on the progress here. Soroush, on the top 10 global OEM development, what are some of the milestones to watch for in the timeline between now and calendar ’25 and if you can’t be specific about the top 10 you just won, maybe just generally after you announce an on-road development, what should we watch for in the next — in the first year or two, prior to volume ramp?
