News Article
Opel enlists consultant to advance its POET technology
The firm aims to use the veteran's expertise to market its III-V compound semiconductor solar technology
Opel Technologies has appointed Lee Shepherd as Vice President of Technology.
This became effective on October 26th, 2012.
Shepherd joins Opel as a consultant through his wholly owned firm of IT Millwrights Corporation of Kanata, Ontario.
Lee Shepherd brings his expertise to assist the special committee of the Board which was established to drive the monetisation efforts of the POET platform technology of Opel’s ODIS Division.
“Opel has revitalised the Company’s direction so that the core component of the strategy is to continue developing the POET platform,” says Peter Copetti, Executive Director of the Board. “We welcome Lee Shepherd; he joins our team to provide his guidance on POET’s roadmap and assisting in ultimately marketing the technology as expeditiously as possible,” Copetti adds.
Shepherd has over 25 years of experience in business, technical, and military leadership roles. He has spent the last 18 years in the Telecommunications/Information Technology industry serving in technical, management, product architecture, engineering program management, technical sales, merger and acquisition leadership, and entrepreneurial roles of ever-increasing scope and responsibility.
A company owned by Shepherd entered into a consulting agreement with Opel ; his company will provide the consulting services for a term of one year and be paid a consulting fee not exceeding $10,000 per month.
He was also granted a stock option to purchase 500,000 shares at an exercise price of $0.43 per share, expiring on October 26th, 2017. The price was determined as yesterday closing trading price on the TSX Venture Exchange. The options vest 25 percent immediately and 25 percent every six months thereafter.
Opel, through ODIS, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory.
The company has 37 patents issued and 13 patents pending, primarily for its semiconductor POET process, which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and power-efficient applications in devices such as servers, tablet computers and smartphones.
This became effective on October 26th, 2012.
Shepherd joins Opel as a consultant through his wholly owned firm of IT Millwrights Corporation of Kanata, Ontario.
Lee Shepherd brings his expertise to assist the special committee of the Board which was established to drive the monetisation efforts of the POET platform technology of Opel’s ODIS Division.
“Opel has revitalised the Company’s direction so that the core component of the strategy is to continue developing the POET platform,” says Peter Copetti, Executive Director of the Board. “We welcome Lee Shepherd; he joins our team to provide his guidance on POET’s roadmap and assisting in ultimately marketing the technology as expeditiously as possible,” Copetti adds.
Shepherd has over 25 years of experience in business, technical, and military leadership roles. He has spent the last 18 years in the Telecommunications/Information Technology industry serving in technical, management, product architecture, engineering program management, technical sales, merger and acquisition leadership, and entrepreneurial roles of ever-increasing scope and responsibility.
A company owned by Shepherd entered into a consulting agreement with Opel ; his company will provide the consulting services for a term of one year and be paid a consulting fee not exceeding $10,000 per month.
He was also granted a stock option to purchase 500,000 shares at an exercise price of $0.43 per share, expiring on October 26th, 2017. The price was determined as yesterday closing trading price on the TSX Venture Exchange. The options vest 25 percent immediately and 25 percent every six months thereafter.
Opel, through ODIS, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory.
The company has 37 patents issued and 13 patents pending, primarily for its semiconductor POET process, which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and power-efficient applications in devices such as servers, tablet computers and smartphones.
