The company follows a dual source policy for components to reduce dependence on a single supplier. Printed circuit boards (PCBs) are procured from AET and Arshon. Chips are sourced from Wiliot and Identiv, with Identiv serving as the primary supplier for Wiliot. The agreement with Arshon and CID Holdco, Inc. encompasses the design and development of Perth PCBs, including schematics, prototypes, production boards, and test jigs, and addresses payment, intellectual property, confidentiality, and termination terms. The agreement with Wiliot grants CID Holdco, Inc. non-exclusive rights to promote, market, and resell Wiliot's IoT Pixels, hardware, and cloud subscriptions, including provisions related to certification, intellectual property, termination, and supply chain control. Payment terms include milestone-based invoicing. Suppliers referenced in filings include AET, Arshon, Identiv, and Wiliot.
Cid Holdco Inc's Comment on Supply Chain
The company follows a dual source policy for components to reduce dependence on a single supplier. Printed circuit boards (PCBs) are procured from AET and Arshon. Chips are sourced from Wiliot and Identiv, with Identiv serving as the primary supplier for Wiliot. The agreement with Arshon and CID Holdco, Inc. encompasses the design and development of Perth PCBs, including schematics, prototypes, production boards, and test jigs, and addresses payment, intellectual property, confidentiality, and termination terms. The agreement with Wiliot grants CID Holdco, Inc. non-exclusive rights to promote, market, and resell Wiliot's IoT Pixels, hardware, and cloud subscriptions, including provisions related to certification, intellectual property, termination, and supply chain control. Payment terms include milestone-based invoicing. Suppliers referenced in filings include AET, Arshon, Identiv, and Wiliot.
Sources:
Cid Holdco Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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