METALINK LTD

The company's current plan is to explore strategic alternatives, including potential business combinations or other strategic transactions with domestic or foreign, private or public operating entities, or a "going private" transaction. The Board of Directors is specifically focused on a possible business combination with an operating company. Historically, the company marketed and sold DSL chipsets to telecommunications equipment manufacturers. The final delivery of DSL products to a customer was completed in March 2015, resulting in a payment of approximately $450,000 recognized in the first quarter of 2015. This was the last order for DSL products, which were subject to an "end of life" notice issued in early 2008. All sales in 2014 and 2015 were to a single customer in Taiwan. The company has had no sales since 2016. Since the sale of its WLAN business in February 2010, the company has not engaged in any research and development activities. From 1995, the company received grants from the Government of Israel, through the Innovation Authority, for the development of its products, including DSL products. The company also participated in a research project under the European Commission's sixth framework program, which entitled it to grants based on approved research and development expenditures.