Rick

For a retainer, how about we stick to the rate listed in our proposal --
$640K / 9 is $71K per month.

Since we've already invested time, we would like a month that we can
back-bill so I can pay myself back for that effort, plus 2 months forward
so that we're always a month ahead as we continue working.

Here's the first board design rolling off the line:

[image: image.png]

Here's the first draft of the GPS module.  It is dual-band, and with an RTK
it can get down to 10cm of accuracy.

[image: image.png]

We'll probably launch this board on Monday, we're just doing our checks now.

Next week we'll likely be ready to launch another board, so it would be
nice to have some money so that I'm not paying out of my own pocket.

Elias and Mar shared some power supply requirements.  I'll likely whip up
something over the weekend, but I think he wants more than just the 2 BECs
-- he definitely needs a Jetson Orin Nano, and he definitely needs a higher
rail for the LIDAR.

If that's all he needs, it's probably a week of effort.

I'll definitely think about it this weekend and start to scribble something
up.

We have 3D renderings in progress, we'll send them when we're done.  We
might even have a built prototype of the GPS module before you show -- just
in case you need more handy-feelsies

If your acolytes are as good as you say, the GPS might even be functional
for your show.

We successfully got the OSD processor talking to the OSD module last night
(via a gob of wires on a bench).  Sometime next week I'll be building the
first serious development platform for the OSD, because Joel said he'll
have code ready in less than 2 weeks -- that way we can muscle in on the
Chinese in that market!

As soon as I do a little more soul-searching on the FCC, I'll work on
finishing that up as well.  In 3 weeks I could have protos good for
show-and-tell but not necessarily function, because that thing has about 8
sensors in it and a bunch of other crud.

Remember, these first revs are for us to learn, and I'm teasing myself that
the first one I launch might be in the 30mm form factor -- the only problem
is that if anything is wrong, it's too packed for my fingers to get in
there to fix or patch anything.

As in money-makers, I started the IMU.  Our costs on that will likely be
$300 each but they sell for $1200 from what I saw.

The GPS probably has 2X money in it the way it's designed.



That's all the news that is fit to print at the moment.  Please get back to
me on the numbers.

For the prices I'm telling you, I should be able to do something
approaching residential-grade production electronics in a month or two.

I would like to have a build cycle in there so that your guys can start to
test the pieces I'm building.

Regards,
Thomas Pownall

CADX Services, Inc.

Tel: 585-624-1491 X101
Fax: 585-582-1101
E-Mail: tpownall@cadxservices.com
Web: http://www.cadxservices.com

***********************************************************
**************** Confidentiality Statement ****************
***********************************************************

Privileged/Confidential Information may be contained in this
message. If you are not the addressee indicated in this message
(or responsible for delivery of the message to such person),
you may not copy or deliver this message to anyone. In such
case, you should destroy this message, and notify us
immediately. If you or your employer does not consent to
Internet email messages of this kind, please advise us
immediately. Opinions, conclusions and other information
expressed in this message are not given or endorsed by my firm
or employer unless otherwise indicated by an authorized
representative independent of this message.