Kevin Dede: Thanks. Good morning, guys. Thanks for taking the call. I don’t think I understood the timing on the tool. I think you said — and I apologize Andrew but I think you mentioned something about this April and then second half ’24 full qualification. Can you kind of run through where that process?
Andrew Sculley: There are two tools we’re talking about. The first one in — the first one is the R&D tool and I’m separating them. The R&D tool was in December and it’s going to be running now. And the second one is a very large tool. I’ll just give you a feeling. It’s over 150 metric tons, so it’s kind of a big tool. That one will be delivered in April but it will take time to put it together here. Obviously, you can’t ship a 150 metric ton tool and one piece. So it will get here in April, put in our clean room, put it together and then start to run. And I said the second half of the year, we’re shooting for the middle of the year, literally to get it qualified and that’s next year. And then just to make sure everybody understands that 20,000 candela per meter square display will be able to be done in production on that new tool. And by that, I mean that our normal volume and etc, whereas right now, we have only an R&D effort in the direct patterning.
Kevin Dede: Okay. So I think let try to hit on that. So that 20 — I know you can’t give us more insight on the — beyond the 2.5 order that you have. But is there a way at all Andrew, to size up what the follow-on option could potentially be? And then the next step further which I think Glenn was trying to go to is the potential for that type of display, right, outside of this particular contract. When you compare to an iPhone display, it seems like most people are familiar with that brightness and they’re used to dealing with it in a bright light situation. But maybe you could help us get our arms around that 20,000 difference or that 20x difference when you go up to 20,000 nits and the potential applications there.
Andrew Sculley: Well, applications are — let’s talk about applications, nonmilitary for just a second. So if everybody tells us for VR that the minimum is $10,000 per meter square minimum and most will go over that. I want 12,000, etc. So the — our current display direct patterning will do that 10,000-plus, as you know, we demonstrated 11,000 and right now. So that’s for VR or — and that could be passed through AR as well, camera-enabled in other words. But if you’re doing AR with no pass-through, i.e., you’re fighting the outside light, then more brightness is needed. So this is the only display technology I’ve heard of so far that will enable at least a step in that direction.
Kevin Dede: Okay. Just a little deeper dive on the tech then Andrew. Is this a single stack or a dual stack application?
Andrew Sculley: Well, there’s two — there’s a number of ways to get there. Everything that you’ve heard about with white with color filter like Micro Lens Array and Tandem, etc, will get us brighter. So we can do everything white what color filter does and go beyond. To get to 20,000 tandem stack, we’ll do that, right? 10 times 2 is 20. And the other thing is just so everybody knows, I talked about AR but the other thing you have to remember is that, again, as I mentioned, for Glenn’s question, that if I’m running it at $100 per meter square or 200 or 500, I get vastly better power efficiency; that’s one. And the second thing is very important is OLED lifetime. So I get vastly better OLED lifetime. So if I have an icon in the upper right-hand corner of my screen all the time, that lifetime for that will be much, much better.
We’re talking 5x, etc. So that’s why it’s so important. And I mentioned power because many of the in military applications, they don’t necessarily want to run around with a display that’s on at 20,000 candela per meter square or even 10,000 but they want the power, less batteries for their foot soldier to carry and they want the OLED lifetime. So it’s very important.
Kevin Dede: Okay. Any perspective on what the follow-on order size could be? Would you expect it to be comparable to the 2.5 that you received or larger? I guess what I don’t understand is, this appears to be a training type of application and not like ENVG-bB, where it will go out to hundreds of thousands of soldiers?
Andrew Sculley: Remember, it’s STRI which is simulation training and instrumentation. So the instrumentation can be much broader. And that’s on this particular project. But obviously, when you get to this capability and you want a color display, there’s — this will have much, much more applications. The other thing to think about is even to something like aviation. The reason we started down this path a very long time ago is because aviation wanted color and they wanted high brightness. And getting to 20,000, we need another 8 with some of the other things that we’re working on to get to about 28,000 candela per meter square and there were good for aviation, too. That’s why it’s so exciting. And we haven’t seen anyone else come even close to where we are. Best we’ve seen is 7,000 at SID by a major Korean display company, best. And that’s with 3 tandem stacks. We have won and get above 10,000.
Kevin Dede: Right. But that’s a DPD. That’s not white with color filter, right?
Andrew Sculley: That’s right. DPD gets above 10,000 nits.
Kevin Dede: No tandem?
Andrew Sculley: Yes. I said no tandem. We have 1 stack, I said and gets above 10,000 candela per meter square.