For a little context have a look at this NR from OPEL Technologies MD&A in August of 2012.
They are now known as POET (V.PTK).
They may have finally reached a point where revenue is on the horizon for 2021.
Hope any rookie investors on this Board are prepared to become 'seasoned', as have the current shareholders of PTK.
Business Overview
As of June 2012, OPEL Technologies, Inc. restructured its Board of Directors. The new Board made two strategic decisions to strengthen the Company on a going forward basis. The first was to discontinue the OPEL Solar portion of the business and the second was to focus all efforts on the ODIS Division which is developing the break through POET Platform for advanced semiconductor development. This MD&A has been adjusted to present the effects of the decision to discontinue the operations of OPEL’s solar business.
OPEL Technologies, Inc. is incorporated under the laws of the Province of Ontario. OPEL has 37 patents issued and 13 patents pending for its semiconductor POET process and in PV and tracking systems. The POET process is being developed by OPEL Defense Integrated Systems, (ODIS), a U.S. company that is a wholly owned subsidiary of OPEL Solar Inc. The Company is engaged in (a) through ODIS Inc., the designing of III-V semiconductor devices and processes for military, industrial and commercial applications, including infrared sensor arrays and ultra-lowpower random access memory.
The POET platform 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; and (b) through OPEL Solar Inc., incorporated under the laws of the State of Delaware, manufactures and deploys both dual and single-axis trackers designed for solar CPV and PV systems for energy applications worldwide. The Company’s shares trade under the symbol “OPL” on the TSX
Venture Exchange in Canada and under the symbol “OPELF” on the OTCQX in the US.
a) Semiconductor Technology
OPEL, through ODIS Inc., is currently conducting research and development (R&D) for a wide array of devices for potential military, consumer, commercial, and industrial applications. ODIS continues to develop gallium arsenide based chip design processes having several potential major market applications, including: (i) infrared sensor arrays for military as well as Homeland Security monitoring and imaging, and (ii) the unique combination of optical lasers, and electronic control circuits on the same microchip for potential use in various military programs and potentially telecom applications such as, Fiber To The Home (“FTTH”).
The use of gallium arsenide is a key material in ODIS’s Planar Opto-Electronic Technology (“POET”) process development for these products. ODIS has been awarded more than a dozen U.S. Department of Defense projects since 2000. These have supported and continue to support the development of ODIS’s POET process, infrared sensing technology, optical/laser development and the combination of electronic circuits and lasers on the same microchip.
ODIS remains active in this area with projects underway with the U.S. Department of Defense and a major U.S. Defense Contractor. In March 2011, a third party valuation of the POET Technology was received indicating a significant potential market value of the intellectual
property of this technology. In June 2011, BAE Systems independently produced operational transistors on gallium arsenide wafers, further validating critical components of the POET process. By June 2011, ODIS, under the supervision of Dr. Geoffrey Taylor, had completed several wafers containing multiple devices produced with POET Technology. In August 2011, BAE Systems ran a “lot” of five wafers using POET Technology. The chips that came
from these wafers were reviewed and tested to further validate the varied capabilities and devices developed utilizing the POET Technology platform.
ODIS has made significant progress regarding POET as it pertains to its advancements in Optical Interconnection of High Speed Circuits, making it possible for the first time to implement an optical interface as a single chip to connect existing CMOS processors as described in the POET White Paper/Roadmap posted on the ODIS website www.odis.com.
Dr. Taylor’s continued development strides led to OPEL Technologies hosting its 2012 Annual General Meeting on the campus of the University of Connecticut (UCONN), home of the ODIS R&D facility where, at the conclusion of the Annual General Meeting, guided tours of
the ODIS R&D facility were conducted by Dr. Taylor and his staff. ODIS and BAE Systems continue on the path of producing a much sought after Infrared Detector (IR) Device contracted for by the U.S. Air Force Research Laboratory, (AFRL).
ODIS, just as all U.S. Government contractors, was notified that funding to continue ongoing projects would see dramatic cuts throughout 2011 and possible termination in 2012. ODIS began experiencing cutbacks in financial support to projects throughout 2011, including the very important BAE project which by the year end, and was no
longer funded. Recognizing the importance this development effort has to the overall future of ODIS, funds to continue this project were redirected while alternative sources of funding were being sought. Subsequent to the Period, ODIS received a Phase II award of $750,000 from NASA to continue developing RF/Optical phased arrays using the POET platform, work began under this award during Q3 2012.
OPEL’s long term objective, when the POET platform is completed by ODIS, is to start to license this breakthrough technology to semiconductor foundries and semiconductor design companies to be used as part of their design rules.
This would become a long term revenue stream for the company in the future.
...................................................
That was over 8 years ago.
They maty finally have arrived.
Sound familiar?
Pull up your comfy chair...it may be awhile here yet.
P.S. Even Sheldon Inwentash was a Director at one point and resigned as a Director in 2012-13, "to pursue other business interests."
Perhaps a few of you should do the same and stop cluttering the Board with your bit**ing.
You can buy Royal Bank and collect your 4% Dividend and make 35-40% over the next 8 years.
Just don't show up here again when NXO passes up through $0.75 (a 50% CAPITAL gain from here), on its way to $5.00 - $10.00 and claim you still own shares and "knew it was a winner all along!".
Too many young'uns nowadays just think that investing in the market is like fast food ordering...they have no patience to wait for the scratch made cake to come out of the oven.
And a Merry HO HO HO and a Blessed Christmas to All.
And