separate bonus pool for our pipe investors, such that the cost basis for both the public SPAC shareholders and the pipe investors will mirror one another.
Alan Baratz: Okay, thanks John and thanks to me Ill just to close out before we hand it back to Jen to moderate the Q&A.
Alan Baratz: You know, as I pointed out, we are quite unique in the quantum industry.
Alan Baratz: We decided to start with annealing now a building annealing engaged systems, but, starting with annealing has given us a first mover Advantage
when it comes to commercial were out there today.
Alan Baratz: Building the business with customers and applications that benefit their business
operations, and we have a complete suite of products to be able to support that with that I am going to turn it over to Jen to moderate the Q&A great.
Jen Houston: Thanks Alan thanks Emil thanks John thanks Alex it was a great presentation today we have a lot of really fabulous questions so Im just
going to jump in.
Jen Houston: Im just a really great questions, thanks to everyone whos added them reminder, if you do want to ask a
question put it into the Q&A and I will see it no one else will its anonymous and Im not going to name, who said, these things Im just going to ask the question, so the first question is.
Jen Houston: As sort of a statement, you are the only company that that doesnt annealing based systems Is there anyone else that is close and how long
the lead, do you have Alan them and ask that to you.
Alan Baratz: Now, so the answer to that question is theres nobody else thats close,
there are a couple of companies weve heard of that have said that they are interested in getting started in the annealing space, but theyre like where we were 10 years ago.
Alan Baratz: So we actually have a huge lead in this space, as I said, its taken us 10 years to get to this point and were not standing still
were continuing to enhance our systems, moreover, we have that huge 200 US granted patent mode.
Alan Baratz: That weve built around our
technology that, frankly, would make it very difficult for anybody to come into this space, even if we were to stumble and you know, have a hard time.
Alan Baratz: Continuing to enhance our products, but we dont believe that to be the case weve got a stellar track record of product delivery and
we expect that to continue.
Jen Houston: Thats great thanks Alan I have a sort of a follow up to that and I think you hit on a couple of points,
but I wanted to just make sure we get it.
Jen Houston: um do you expect your current IP will protect this segment of the market and whats your best
guess as to why no one else has been working on anything.
Alan Baratz: Yeah so first of all our current IP is quite extensive around this segment but
its actually even a bit broader into the gate model space weve, you know as weve worked through our IP strategy and you know, driven the patent activity within the company weve tried to be as broad as possible with the
patenting of our technology to first of all, protect the annealing space, but also to have some IP in the gate model space as well and thatll now start