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Solar ♦ news digest


the lead authors in the Science paper who studies photosynthesis at Washington University in St. Louis. “And those can have very high efficiencies.”


Sunovia and EPIR bury the hatchet


The firms will benefit equally from a jointly developed solar patent related to CdTe solar technology. Contracts between the companies relating to the joint development of CdTe solar technology are terminated without further obligation.


Sunovia Energy Technologies and EPIR Technologies and affiliates have settled the litigation between them that arose in August of 2010.


The terms of the settlement provide that Sunovia and EPIR will share equally in the revenues from the jointly developed solar patent 12/261,827 published in 2010. In addition, each company will return to the other certain shares issued in the course of their venture, and the contracts between them relating to the joint development of CdTe solar technology are terminated without further obligation on the part of either company.


“It is important to Sunovia to resolve this dispute and move ahead with its LED outdoor lighting business,” said Art Buckland, Sunovia’s CEO. “If the solar technology can be developed and commercialised, our shareholders will share equally in those gains. Meanwhile, both Sunovia and EPIR can move forward with their respective businesses without the ongoing cost and risk of this litigation.”


“We are eager to move ahead with other projects,” said Siva Sivananthan, CEO of EPIR, “and to eliminate the distraction from our primary business and the expense the lawsuit creates for our company and shareholders. Both companies have worked very hard to come to a resolution that is fair for all.”


Opel proposes new directors to the board


The GaAs based solar cell manufacturer is planning to replace Denis Colbourne from its Board of Directors after his announcement of retirement. Two nominees have been since proposed; Christopher Grasset and Tristram Collins.


Opel Solar International has announced a realignment of its Board of Directors.


Denis Colbourne, a Director since September 2006, Chairman of the Board from 2008-2010, and a member of the Compensation Committee and of the Audit Committee, will be retiring from the Board at the Company’s upcoming Annual General Meeting of Shareholders.


His years of board and operational experience in the industry, including with Spectalis, SiGe Semiconductor, International Datacasting, Wi-LAN and Nortel Semiconductors have been of vital importance to the growth of the Company.


The Company is pleased that Colbourne will continue his involvement with Opel in an advisory role, to be called upon for his expertise from time to time, and as such will enter into a Consultancy Agreement with him. Leon M. Pierhal, the President & CEO of Opel, Lawrence R. Kunkel, Chairman of the Board, and Samuel Peralta, Board Director, will be continuing in their current capacities.


The Board is proposing two nominees. These are Christopher Grasset and Tristram Collins, for election as Directors of the Company at the AGM, scheduled for Tuesday, June 21, 2011 at the Toronto Hilton Hotel. The Record Date for Voting and Receiving Notice of the AGM has been set at May 12, 2011. The Company anticipates that Proxy Material will be mailed to Shareholders on May 20th.


Christopher Grasset, J.D. has over 35 years of experience in the high-technology sector. He is currently Vice-President, Business Affairs for Covalon Technologies and a Member of the Law Society of Upper Canada. Building on his background in communications and information technology,


Grasset co-founded the technology business law October 2011 www.compoundsemiconductor.net 165


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