Metabill, POET Technologies cannot and therefore will not develop any end-user product on their own. For example, they could never design their own smartphone, because that would require expertise they simply don't have: in-depth knowledge of the product itself and of the market it targets.
It's comparable to a small company having developed a new technology allowing to build vehicle engines with much greater power at a fraction of fuel consumption. They are experts in this new engine technology, but they will be unable to build a whole car around it, and they will also be unable to create a marketing structure to sell their cars to the masses.
POET needs a partner company with product knowledge and market knowledge. Together they will be able to create a novel solution. For example, they could take an existing product of the partner company and replace its chips by a POET chip. In the most simple case a single silicon chip would be replaced 1:1 by a POET chip with the same functionality, but at a higher speed and lower power consumption. Development from kick-off meeting to rollout would take some time, e.g. two years, as Peter mentioned.
The important points here are:
- None of both companies could do that on their own.
- With one such partnership and especially with one such product "basically the world would be on our oyster."
