They have licensed the tech for someone to try and develop a new application product. They have only recognized the up front licence fee in the financials even though there will be licencing fees should the development turn into a salable product. They can't be sure of that income so they are not including it in forecasts.
It is likely the bone development deal as this is the most risky development at present.
Ann: Half Yearly Report and Accounts, page-23
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