Over the Phase 1, we were able to finish optimal system design, both at hardware and software levels. We also focused on the next software development steps, as well as the corresponding sourcing strategy. Through extensive testing, we were also able to determine the repeatability of the energy loss measurements and demonstrate the uniqueness of our solution.
On the commercial front, we carried multiple surveys during our attendance at different events, thus collecting the main trends for future developments. We also negotiated agreements with distribution and manufacturing partners. An extensive market study covering all linked market segments was also performed in order to accurately elaborate sales forecasts for different scenarios.
At the regulatory level, we analyzed technical requirements for the release of our hardware. We also carried out an in-depth Freedom-to-Operate analysis that helped us formulate the most appropriate IP strategy.
Finally, in order to complete our Business Plan, we developed a complete set of forecasts, including Balance Sheet, Proft and Loss and Cash Flows. After calculating the remaining investment needs, we were able to determine the eventual ROI and breakeven for the next 6 years. We also evaluated potential risks and threats, covering technical, commercial and financial aspects.