Longs invested in Planer Opto Electrical Technology for the speed and efficiency in integrated circuits that were needed to meet the growing awareness of the limitations of Silicon CMOS as Moore’s Law hit its physical wall.  We bought into existing patents, a small R&D facility and a recognition that OPEL had something technically rather special created by the genius of Geoffrey Taylor which needed financial support and management to grow. To take such a vast risk was spurred by a notion of big gains generated when the technology was sold to a highest bidder.  Personally, I wanted to see the tech built into functional products and put my faith into management to do this whilst recognising the enormity of the problem to build the necessary infrastructure, but totally underestimating the time and cost to do so. For the money man this was an impossibility but to his credit he found and appointed managers who could.

 A little over two and a half years later, we are at a point where that infrastructure  is in place with a first product in its final stages of proofing to enter a market clamouring for the technical characteristics it can deliver to drive the next wave of innovation in ic communications.  This is just the start, the patents we bought into and R&D lie latent but with great potential.

In my opinion we as shareholders are in a rather good position to see the financial rewards for taking on this risk begin to grow. It however remains a venture capital risk company in market sentiment terms but that will change. To judge whether my review is wise will need another year of angst.  I can live with that PTK has armed me with necessary experience.

sula