News Article
OPEL Technology selects investment bank for ODIS affiliate
The global supplier of high concentration photovoltaic (HCPV) solar panels based on multi-junction gallium arsenide based technology has secured assistance in identifying and evaluating strategic options for value optimisation.
OPEL Technologies, has selected GrowthPoint Technology Partners as advisors to the Company.
GrowthPoint will assist the Company in identifying and evaluating strategic options for the value optimisation of ODIS’ proprietary Planar Optoelectronic Technology (“POET”) compound semiconductor process. These options may potentially include the full or partial sale of the technology, as outlined in a previous announcement regarding the valuation of POET.
“We were impressed with GrowthPoint’s outstanding track record of guidance provided to other semiconductor, defence and cleantech firms,” noted Leon M. Pierhal, CEO of OPEL Technologies. We are pleased to have GrowthPoint on board in this strategic advisory role to assist in optimising and monetising the shareholder value of the POET intellectual property portfolio.”
POET is a semiconductor fabrication process which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements. This III-V process, developed via OPEL’s U.S. affiliate ODIS and covered by numerous patents and patents pending, makes possible economic production of fully-integrated optoelectronic semiconductor devices with higher speeds and reduced power consumption compared to conventional silicon-based devices.
Based upon the advantages POET presents, a number of U.S. Government Departments and Agencies are developing specific devices using the POET platform, including imaging sensors and ultra-low power random access memory.
These advances highlight POET’s potential to address high-speed and low-power applications for commercial and consumer applications, included servers, tablet computers and smartphones. Recently, the POET technology was independently validated by BAE Systems, in their fabrication facility, when working transistors were created using the POET platform.
