 Alright, so we're here with Quad Industries and who are you? I'm Christian, so responsible for R&D at Quad Industries Belgium. So what are we looking at here? Does it looks like there's like processors together with flexible? Yeah, actually here it's what we call hybrid electronics, so what we do here is combining traditional silicon-based components with printed electronics. So how do you do that? So you have the printed circuit and then you glue assemble the components on top of these foils. Glue it precisely to the right place? Yeah, so you have pick and place machines like conventional pick and place machines useful soldering components on conventional electronics, you can also do it by gluing. And here you have, you put this in the shoe? Yes, so this is a force sensor based shoe insole. So you have eight pressure sensitive areas and in that way you can analyze the gate analysis of the top sport. Gate analysis of the top sport? Yes. Like the high athlete athletes? Yeah, this is now already used by Olympic athletes to do really analyzing of their training or their runners. Nice, they have a battery in the shoe somewhere connected to it, they need a battery? Yeah, actually the real product looks like this, so this is developed by our customer. We do the production of this and you just clip this at the side of your shoe and you can go and run. And they have information about where on the foot they put pressure? Yeah, so they do the full analysis of the movement of the foot and give the feedback then to the sport. Nice, what are we looking at here? Actually here you see the more traditional business, so we are already active for more than 30 years. 30 years? And user interfaces, membrane switches, so these are the, let's say the oldest product group within our business. So this was like a long time ago, there was products like this? Yeah, so this is actually a membrane switch, so you have a graphic printed foil and behind this you have also a silver printed functional circuit. On top of that you put metal doves and other components and you assemble everything together. Nice, what is that? Actually this is a touch-based user interface, so here you have a capacitive slider which you just can read out based on capacitive principle. And there? This is electro-luminescent, so in this case you print the electro-luminescent inks on a foil to have backlight integration. Alright, so where are you based? We are in Belgium, Headquarter is in Belgium and then volume production is in Slovakia. And so there is volume production, it's already in volume, your staff. What kind of volume? Are we talking about millions of devices in the world? No, no, up to let's say 100,000 pieces, it's in the user interfaces and let's say on the new application within the Printed Electronics we are aiming at a few million pieces. You're aiming at, so that means you are still ramping up everything to make it happen? True, it's still a new business, so to say, so typical production batches now are up to 10,000 pieces and we are really qualifying and ramping up those volumes. So what do you do with 10,000 pieces? Is it for this kind of product? For batteries, so we do printed batteries, we are licensed CEO of Mfusel battery technology and therefore we are now running quite large production batches. So this is a flexible battery? Yeah. And what's inside? Is it safe? It's safe, it's fully printed, flexible and safe. And what's the material? It's zinc and manganese. And how much power is there in one of those? It's printed so it has its limitation, but for example this one it's 1.5 volt and it's 100 milliampere hours. That's amazing. So after you use it, you have to throw it out? Yeah. Can you recycle or something? No, it's considered as disposable. What's the price for 100 milliampere like this flexible, where does it go? If you take this to some volumes it will be around, it's Euro range so it's around 1 euro. 1 euro and it could be for what product? Is it for smart closing? This is a nice product which has been made based on printed batteries so in this case you have a printed circuit combined with printed battery and you also have one component assembled on top of that. Nice. What kind of component? Is it a small microprocessor? Actually this is a fully integrated chip developed by NXP having an integrated temperature logger, integrated memory, integrated NFC communication so it's all in one silicone chip combined with printed electronics where possible. Is it an ARM Cortex M0 Plus or something, a small ARM? Could be. What are these kind of chips there? These are test chips so this is really to evaluate the production technology. So in the future there's going to be lots of hybrid stuff happening with the... For the high performance applications you still need some silicone and combined with printed technology. Alright, so I guess you have a lot of future products you're working on, right? Yes, there are a lot of stuff in the pipeline. Unfortunately we cannot disclose everything but... Some of it. Smart labels, a lot of smart labels so like this temperature sensor but you cannot add other sensing technology. But also labels for advertisement where you add some LED functionality and... Nice, cool.