after reading the whole release, I think that the money towards research is a very positive trend, and that the execution of the Honam agreement, underway at ZBB facilities in Australia, exemplifies the progress this company if making to leverage their products and technology, globally.
Australia is kind of self-funding and leveraging with Honam.
Wisconsin, maybe the same, only with Eaton.
Establishing capacity, procuring materials and components, does not require significant capital in ZBB's production roadmap.
Level of activity on two sides of the globe, for ZBB, increasing, one would imagine.
I would speculate that Honam would focus on South Korea as a starting point and really get a good foothold there before venturing out further into SE asia. South Korea is pretty technologically advanced and ready for that type of technology imo.