Continuing Development. The Company is in the development stage and has and continues to provide products to customers for testing. As the Company receives input from customers with respect to the operation of its products, including descriptions of issues, problems and complaints, the Company responds with improvements in its products and related services. That process is ongoing. While the issues, problems and complaints that customers have had with the Company's products during their various stages of development are not immaterial, the Company believes that it has responded appropriately with respect to these matters in the past and that it fully anticipates being able to respond appropriately with respect to such matters in the future as well.
Appears in 2 contracts
Sources: Senior Secured Convertible Debenture Purchase Agreement (Hybrid Networks Inc), Convertible Subordinated Promissory Note Purchase Agreement (Hybrid Networks Inc)