I sold out of 4DS some time ago at a significant loss due to the 3rd platform lot having issues and not being convinced that the company had the cash to get through the 4th lot successfully. However today they announced a successful test series and the SP is up over 100% at its peak. Now playing in the same area as Weebit. Now they need to commercialise it. Good luck to those who held.

Successfully incorporated its ReRAM memory cells into the imec megabit array

Validated that 4DS Interface Switching ReRAM technology is transferable from fab to fab

Demonstrated a fully functional megabit array with 4DS Interface Switching ReRAM memory cells

Demonstrated consistent read and write speeds equivalent to DRAM

Proven endurance in excess of 2 billion cycles at DRAM read and write speed on a megabit array

Demonstrated persistent memory with variable and tuneable retention.

Good to see a company encouraging shareholder interaction with their investor hub. Third platform lot arriving in California for testing with announcements to follow.

4C As of 30 June 2022, the Company held cash of $5.234 million, compared to $5.583 million as of 31 March 2022. Net cash of $1.391 million was used in operating activities during the quarter, compared to $1.636 million in the March quarter. $1.3M options exercised by directors

The Company has now launched an interactive Investor Hub. If you have any questions on this announcement or any past 4DS announcements, check out our Interactive Announcements. Like, comment, ask a question and view video summaries on important announcements. 

Bigger cash outflow and new test sysytem still in progress. Third Platform Lot wafers estimated to come out-of-fab in July 2022. SP has recovered to half of 52W high from all time lows.

As of 31 March 2022 the Company held cash of $5.583 million, compared to $7.260 million as of 31 December 2021. Net cash of $1.636 million was used in operating activities during the quarter, compared to $1.095 million in the December quarter. The main variances when compared to the previous quarter were two payments made to imec (compared to one in the previous quarter) and the removal of a pay freeze and or reduction of employees’ salaries from the previous quarter, as well as the investment in a new commercial test system.

During the quarter the Company has acquired or has on order all the components necessary to build the new test system.

4DS TECHNICAL UPDATE gives the sp a boost this morning. Coming out of a trading halt the problems that caused the significant drop in the sp appear to have been solved and allow progress to the next stage in July.

• Third Platform Lot memory stack etch mask modification and further optimization of the etch process utilizing this new mask has demonstrated the successful elimination of the etch residues that caused electrical shorting of the memory devices in the Second Platform Lot

• These positive results were crucial in allowing the Third Platform Lot utilizing imec’s megabit memory platform to restart

• Third Platform Lot out-of-fab date remains July 2022

Held in RL

No news. 1.1M cash burn. Up from CR of 4.8c but a long way from highs.

4DS out of trading halt and technical update involves some issues and 3 month delay leading to renegotiating contract with imec.

Extensive additional testing of Third Non-Platform Lot wafers with up to one order of magnitude boost in read speed has identified a potentially modest degradation in endurance

• A Third Platform Lot memory stack etch mask modification is needed and further optimization of the etch process utilizing this new mask will be required before the Third Platform Lot can be started

• After successful completion of the memory stack etch optimization, a Third Platform Lot utilizing imec’s megabit memory platform will be started.

• 4DS and imec have negotiated a one year extension to their Collaboration agreement

4DS and imec have now concluded these discussions. The start of the Third Platform Lot is now expected to occur in early 2022 and will be preceded by a memory stack etch mask change and further etch process optimization to resolve the technical issues that resulted in the partial failure of the Second Platform Lot as announced on 17 August 2021. Performing this memory stack etch optimization will result in a three month delay of our time line. Following the successful completion of this work, the Third Platform Lot utilizing imec’s megabit memory platform will be started. The expected out-of-fab date is July 2022. Because the processing of the Third Platform Lot will occur in the first half of 2022, the Company has negotiated a one year extension of the current agreement with imec, which was scheduled to expire by 31 December 2021.

imec contract renewal for 2022

imec and 4DS have negotiated to again extend the collaboration agreement to the end of 2022. Under this agreement 4DS has committed to pay imec an additional 600,000 Euro for the first 7 months in 2022. In August 2022 imec and 4DS will review the requirements for the balance of the year. Whilst the collaboration with imec remains in place imec is entitled to a capped royalty of 8% on 4DS’ License Income. To date the Company has not made any royalty payments to imec, since payments are only due on any licence revenue generated by 4DS or a sale of the Company. The Company considers this capped royalty as non-material. Under the new amendment to the agreement the royalty is now capped at approximately 5 million euro (~AUS$ 7.8 million). The Board considers this to be a good outcome for shareholders, since royalties are only due after a successful commercialisation of the technology. It also reinforces that imec has confidence in the success of 4DS’ technology.