Atomera Incorporated (NASDAQ:ATOM) Q3 2023 Earnings Call Transcript

Mike Bishop: Okay. And there was a question about JDA 2, and that is you mentioned that there were new experiments being run. Does that indicate a shift to a new product area or a different focus? Or if it’s the same area, why would you need additional runs or experiments?

Scott Bibaud: Yes. So JDA 2 is on a specific technology. We talked about that a while ago, and the technology has not changed. It’s still the same focus area. Obviously, we had been working. We thought we were showing them some good improvements in that technology, but it obviously wasn’t good enough to trigger the milestones that we had asked about, that we had set forth in our initial JDA documents, which said if we can hit certain performance levels, then they would move forward with a full license and start the process of taking it to production. They never hit that. But we’ve been able to show them, based on very recent test results we got with them, that there’s a really great potential to hitting — meeting or exceeding those targets. And so that’s why we started the next round of experiments with them.

Mike Bishop: Okay. At this point in time, Scott, I’ll turn it back to you for closing comments.

Scott Bibaud: All right. Well, I want to thank you all for attending today’s presentation. I’m happy to share with you some of our recent progress in our potential in new technology areas. Please continue to look for our news, articles and blog posts, which are available along with investor alerts on our website, atomera.com. We are planning to attend the Craig-Hallum Alpha Select Conference in a few weeks in New York City and the Benchmark Discovery Conference in December, and we look forward to seeing many of you at those events. Should you have additional questions, please contact Mike Bishop, we’ll be happy to follow up. Thank you again for your support, and we look forward to our next update call.

A – Mike Bishop: Thank you. This concludes the Atomera Third Quarter Update Call.