As I see it, Smyth now don’t need to directly supervise hardware production of new batches and sales. The new partner knows the background of chinese industry. All the hassle with production will be dealt locally. The joint venture has the right to explore the intellectual property and in return distributes royalties + profits. That means Smyth will have more time to R&D. Definitely the right move imho. If they want to compete in the VR market they need to catch up what Dr. Choueiri is doing.