Certain statements and information in this Annual Report on Form 10-K may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These forward-looking statements may include, but are not limited to, statements concerning the following:
| ● | the impact on our worldwide operations and those of our business partners of pandemics such as the coronavirus or COVID-19 pandemic and the current avian flu outbreak in the U.S.; |
| ● | the impact on our worldwide operations and those of our business partners of increasing international tariffs and trade regulations; |
| ● | the impact of recent substantial funding cuts for U.S. government research agencies such as NIST, NASA, the NIH, the USDA, the NSF, the EPA and others on our ability to obtain Small Business Innovation Research grants; |
| ● | our ability to fund our planned operations and implement our business plan; |
| ● | our future financial and operating results; |
| ● | our plans regarding future financings; |
| ● | our plans regarding the use of proceeds from any financings and the expected duration of our capital resources; |
| ● | our intentions, expectations and beliefs regarding anticipated growth, market penetration and trends in our business; |
| ● | our dependence on growth in our customers’ businesses; |
| ● | the effects of market conditions on our stock price; |
| ● | the impact on our operating results from changes in market conditions for our products; |
| ● | our ability to maintain our competitive technological advantages against competitors in our industry and the related costs associated with defending intellectual property infringement and other claims; |
| ● | our ability to timely and effectively adapt our existing technology to changing market conditions and have our technology solutions gain market acceptance; |
| ● | our ability to introduce new products and bring them to market in a timely manner; |
| ● | our expectations concerning our relationships with our customers and other third parties and our customers’ relationships with their manufacturers; |
| ● | future acquisitions of or investments in complementary companies or technologies and our ability to integrate any such acquisitions; and |
| ● | our ability to comply with evolving legal standards and regulations, particularly concerning requirements for being a public company and United States export regulations. |
These forward-looking statements speak only as of the date of this Form 10-K and are subject to uncertainties, assumptions and business and economic risks. As such, our actual results could differ materially from those set forth in the forward-looking statements as a result of the factors set forth below in Part I, Item 1A, “Risk Factors,” and in our other reports filed with the Securities and Exchange Commission, or SEC. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the events and circumstances described in forward-looking statements in this Form 10-K may not occur, and actual results could differ materially and adversely from those anticipated or implied in our forward-looking statements.
You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this Form 10-K to conform these statements to actual results or to changes in our expectations, except as required by law.
You should read this Annual Report on Form 10-K and the documents that we reference in this Annual Report on Form 10-K and have filed with the SEC as exhibits hereto with the understanding that our actual future results and circumstances may be materially different from what we expect.
