News Article
Opel provides investor update on ODIS
Paying off much of its debts, the firm believes it is now in a position to focus on III-V solar cell technology
Opel Technologies has given investors an update on the work of its the solar operations and monetisation efforts of the POET platform technology of Opel’s ODIS Division.
The company says, "We continue to work with NSM (Northern States Metals) to conclude the agreement with them involving the sale of certain solar assets announced by the company on August 30th, 2012. To that end, both companies have agreed to extend the exclusivity period provided for in the agreement until October 12th, 2012."
Geoff Taylor and his team are focused and determined to take POET Technology from a developmental concept to a technology that can be monetised. The company aims to truly make a difference in how the world sees the semiconductor business.
Recently, The Taylor team has taken on another Ph.D. student who had been doing research with the team. The regular staff now has nine engineers including Taylor. Opel management is now looking to add key personnel to aid in the monetisation process.
Opel has raised $5.4 million since June during difficult markets for small cap companies. The firm has repaid and closed the credit facility with TCA Global Credit Master Fund.
What's more the company says 90 percent of all unsecured debt has also been paid. This enables Opel to focus its personnel and its resources exclusively on POET technology.
The company says, "We continue to work with NSM (Northern States Metals) to conclude the agreement with them involving the sale of certain solar assets announced by the company on August 30th, 2012. To that end, both companies have agreed to extend the exclusivity period provided for in the agreement until October 12th, 2012."
Geoff Taylor and his team are focused and determined to take POET Technology from a developmental concept to a technology that can be monetised. The company aims to truly make a difference in how the world sees the semiconductor business.
Recently, The Taylor team has taken on another Ph.D. student who had been doing research with the team. The regular staff now has nine engineers including Taylor. Opel management is now looking to add key personnel to aid in the monetisation process.
Opel has raised $5.4 million since June during difficult markets for small cap companies. The firm has repaid and closed the credit facility with TCA Global Credit Master Fund.
What's more the company says 90 percent of all unsecured debt has also been paid. This enables Opel to focus its personnel and its resources exclusively on POET technology.
