Below is a quote from page 1 of the redacted Pellegrino Report (page 5 of the file). "VALUATION PURPOSE ODIS is a Connecticut-headquartered wholly owned subsidiary of OPEL Solar, Inc. (OPEL), a publicly traded corporation that develops solar energy generation technologies. ODIS has the exclusive rights to an intellectual property portfolio developed by Dr. Geoff Taylor at the University of Connecticut. The intellectual property portfolio merges optoelectronics and traditional semiconductor manufacturing processes into a revolutionary semiconductor process. This process enables the dense packing of electrically and optically coupled circuits into monolithic packages. Known as the Planar Opto Electronic Technology (POET), POET represents what some might consider the Holy Grail in new semiconductor designs, bypassing many of the physical limits of existing semiconductor technologies at the 0.09-micron fabrication level." Note the sentence, " ODIS has the exclusive rights to an intellectual property portfolio developed by Dr. Geoff Taylor at the University of Connecticut." Take it how you want, but to me it confirms that the 5% royalty is an agreement outside any ownership claim that Uconn can make under their intellectual property policy. Green