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35:26 – Peter Copetti: And I was saying some gentlemen earlier on that for our first partnership, Ajit and I were looking at these companies and we don’t need them to write a big cheque. What we really want them to do is to invest 30 or 40 engineers of their time. We need them to invest some of their know-how to partner with our engineers in order to take an end-product company and say, “We really want to be here in two years,” and get POET to do it. Because after that basically the world would be on our oyster. All the other markets that POET has will be substantiated with one commercial deal. We anticipate that commercial deal in fiscal 2015.
Rainer: Peter is sketching here the following timeline:
- Commercial deal (partnership) in 2015
- Development
- End-product completed (roughly) 2017
I heard this on the video but wasn't really sure what he was getting at. It almost sounds to me like he is referring to a POET device, not just a device "Powered by Poet". I thought they were just going to licence and collect royalties. So POET would have their own smart phone for example. Is that your take on it Rainer?
