So, that’s number one. Number two, on the industrial side of things and speaking with the CEOs of those customers specifically, they’re seeing the over inventory position abate. They’re starting to get bigger quotes or requests for quotes or at least requests for information for larger quotes. So customers that were buying 1, 2, or 10 devices are now looking for quotes for 20 to 50 which is always a good trend showing that their adoption rate is increasing. So we do expect to see some new products into 2022 in that marketplace, number one. And number two, we think that that business will start to come back now that they’re properly allocated in terms of inventories.
Glenn Mattson: Okay, great. I think that’s it from me for now. I’ll jump back in the queue, thanks.
Michael Murray: Thanks Glenn.
Operator:
Wainwright:
Kevin Dede: Good morning, Michael, Rich, thanks for taking me on the call here. Michael, can you start just kind of rolling through where you are in manufacturing? And maybe a little more detail with regard to the OLED spin, where that puts you from back, in a backplane production point? And just sort of review your OLED deposition options, so we fully understand the government requirements to meet the F-35 contract.
Michael Murray: Sure. So from
Kevin Dede: I apologize, it’s a lot, but I think it’s critically important to understand those details in light of your restructuring.
Michael Murray: No, absolutely. Absolutely, I think it’s a great question. So I’ll only cover what I know from what we’re doing at Kopin, and I can answer the question this way. Our AMLCD continues to support the mission of our customer and the customers funded the research and development to develop the OLED display, which is unique in its level of performance for that customer and for that application. So to say it very plainly, the customer paid us to develop a very unique high-performance OLED device. As you know, we do utilize a partner in China for the deposition currently. Obviously, this is the most important part since our Backplane is based on a silicon wafer-based process. We can deposit on that Backplane, which was designed in the United States, built in Taiwan, not China, as someone mentioned, all right it’s actually built in Taiwan.
We can deposit on that Backplane with multiple vendors here in the United States, in Canada, the U.K., Germany and France. So from a standpoint of supporting security of supply, we’re actually very secure to supply that end application with that specific customer because our design of the Backplane is ubiquitous across anyone doing silicon wafer-based processing and deposition of OLED. So that’s why we feel very confident and comfortable with our current supply chain, and why I believe the customer feels confident and comfortable with that supply chain as well. So now I’ll put that aside for a second. When we think about OLED specifically, we still have a full suite of OLED-developed displays that we can sell into any application. That transition with LS was really done with a mindset of let’s sell what we have as a strategy, meaning that sell all the 8-inch wafer material that we have, and we have a full suite of OLED devices that we can support our customers with.
But the bridge to get to 12-inch wafers, that $30 million to $40 million of investment, was just a bridge too far for Kopin at this point in time. So the next best solution, which we came to was, let’s spin it out, let’s make sure there’s bilateral use of that IP. And that way, we can support our customers at Kopin with 12-inch material if and when they get to that point with their customer base and their investors. So it derisks our investment, it derisks our level of research and development that we need to do and still solidifies our future with 12-inch wafer OLED. So with all of that, there’s obviously a strategy that we’re putting together for multiple fab-light strategies. And I mentioned this in our previous call, this is part of it where we can go to different fabs and deposit OLED or other technologies like micro LED and have those technologies be built in different centers for security of supply.
