The Company will be maintaining a higher level - compared with last year’s figures - of R&D expenditures over the coming quarters, in order to finalize the project and a certain number of related ones such as real-time encoding for the broadcast of live 3D events.
For the second consecutive quarter, SENSIO has maintained its major marketing efforts, with the promotion of the SENSIO 3D Chip at the Combined Exhibition of Advanced Technologies (CEATEC Japan) and the launch of IMMERSIUM at the International Association of Amusement Parks & Attractions Expo in November 2006. More specifically, the CEATEC provided a forum where SENSIO could meet and attract the interest of major electronics manufacturers and distributors with respect to the SENSIO 3D Chip.
However, the development of the 3D specialized projection market remains SENSIO’s short-term priority as a means of generating high income, and IMMERSIUM is the cornerstone of this strategy. Its November 2006 launch at the IAPPA has allowed the Company to develop, as anticipated, many business opportunities, the first of which should be realized as of the third quarter. According to Richard LaBerge, Executive Vice-President and CMO of SENSIO,
During the second quarter, SENSIO sales figures climbed to $190,962, thanks, amongst other things, to the sale of a complete 3D stereoscopic projection system based on SENSIO 3D technology, used to promote the Cavalia show in the USA. Although these results were lower than those for the same quarter in 2005, we are looking at the first solid results stemming from the Company’s market reorientation aimed at obtaining a higher level of sales. Company expenditures rose from $361,842 for the quarter ended November 30, 2005 to $595,964 for the quarter ended November 30, 2006. The increase in expenditures was due mainly to the implementation of the Company’s growth plan and to the higher cost structure inherent to a public company. [January 26, 2007]
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