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Windtree is actively seeking opportunities to enter into one or more strategic alliances, collaboration arrangements or other strategic transactions, including potential mergers, that would support AEROSURF® development activities, potentially by providing development, regulatory and commercial market expertise as well as financial resources, and, if approved, support the commercial introduction of AEROSURF® in selected markets outside the U.S.; and / or complement Windtree’s areas of focus or broaden Windtree’s potential to grow its business and potentially enhance its market value for stockholders. Windtree also would consider strategic transactions that would potentially support the development and, if approved, commercialization of other KL4 surfactant products.