1. Signed customer contracts in key markets, including Mexico, Brazil, India and Vietnam; Product is in the supply chain of well-known multinational brands such as Timberland, Ecco, Coach, BMW, Honda and GM; early revenue generation started
2. Built strong senior management team with diverse skill sets and shared values
3. Established initial operations in Mexico, Brazil and India, laying the foundations for accelerating growth in each of these key markets in 2023
4. Core patents already granted in multiple key markets
5. Core R&D development is complete; focus is now on accelerating commercialisation
6. Validated win-win business model: allows customers to boost margins while achieving full payback on initial investment within 6 months, and generates recurring revenues for Qualus
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