We are focusing on SALIOT as the next application of our LED backlight technology. Our SALIOT products, including SALIOT CUBE which received a Good Design Award, have been gradually penetrating the market. We are also very close to obtaining UL approval and releasing SALIOT in the U.S. market. On top of that we are working on meeting European safety standards and expect to achieve decent sales next fiscal year.
We are also committed to working with OSRAM, Paradox, and Iwasaki Electric with a focus on lighting devices for smart city projects and are off to a good start. Our Cambodian smart city contract procedure has ended and the billing business model, where the amount we charge is paid on a monthly basis, is now working in Cambodia.
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