news digest ♦ Solar
The “light soaking” effect of CIS modules significantly increases output from initial values, while a lower temperature coefficient than crystalline silicon means more kWh produced under real conditions in hotter climates. Solar Frontier says its modules also lower overall energy consumption in the manufacturing process to yield one of the fastest energy payback times in the solar industry.
O’Donnell joins Opel as director
The recent appointment of John F. O’Donnell will enable Opel to comply with the 25% Canadian residency requirement for the Board of Directors
Opel Technologies and Opel Solar has announced the appointment of John F. O’Donnell to the Board of Directors of the Company to fill the vacancy created by the resignation of Samuel Peralta.
O’Donnell has practiced law in the City of Toronto since 1973 and is counsel to Stikeman Keeley Spiegel Pasternack LLP. His practice is primarily in the field of corporate and securities law and, as such, he is and has been counsel to several publicly traded companies.
John F. O’Donnell is currently also a director of RX Gold & Silver Inc. and Nerium Biotechnology, Inc. With his vast experience and expertise in Canadian securities legislation, corporate governance, private placements and prospectus financings, Opel believes he will be a valuable addition to the Board of Directors.
Having served legal counsel to the company and its predecessor companies for over 20 years, O’Donnell will continue to act as legal counsel to Opel and may also serve on other board committees of the firm.
Opel says that O’Donnell was always available to the Board when needed and his presence on the Board and its committees will be very useful. Especially in these times of increasing compliance requirements and the demand by shareholders for more transparency.
“The Board is honoured to welcome Mr. O’Donnell 118
www.compoundsemiconductor.net March 2012
as a director of the Company.” said Lawrence Kunkel, Chairman of the Board. “His appointment exemplifies the Company’s commitment to enhancing shareholder value, and his well known integrity and experience will be invaluable to the strategic growth of Opel on a going forward basis and should assist in elevating Opel’s stature and credibility. With his increased responsibilities, he will surely provide a strong and solid support to the directors and management team of the Company while Opel continues to expand its Solar sales and to develop its POET technology with a view to monetizing its semi-conductor division.”
The Company will continue to seek to recruit other qualified candidates for appointment to the Board, particularly those with industry specific experience and expertise.
Opel Solar through Odis Inc., a U.S. company, 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 35 patents issued and 16 patents pending in PV systems technologies and for its semiconductor POET process.
The POET process 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.
$19.2 million to see Solar Junction move into high volume manufacturing
The developer of high efficiency III-V multi-junction cells has closed a Series D financial round from current investors with an additional strategic investment and partnership from IQE
The investment and partnership is to scale up manufacturing of Solar Junction’s exceptional record cell which achieves 43.5% efficiency.
“I am ecstatic about the partnership with IQE and the closing of this current round,” said Jim Weldon,
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