Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: I dont expect any big news

Dave 

Also found information about the supply and strategic agreement.

 

The Preferred Supply Agreement contains certain terms, including: (i) that DenseLight shall exert commercially reasonable efforts to reserve and dedicate capacity to meet and satisfy the Company's commercial volume product sales die demand for a period of two years from the Closing Date; (ii) that the Company shall provide DenseLight with annual customer demand forecasts, reviewed and updated quarterly; (iii) that if DenseLight is unable to meet the Company’s supply demands, DenseLight will provide notice of not less than six months; (iv) that the Company and DenseLight will agree on quality metrics for products sold by DenseLight to the Company and set those out in the - 16 - Preferred Supply Agreement; and (v) that DenseLight shall provide the Company with certain epitaxial wafer processing services at commercially reasonable terms for the Company's consigned epitaxial wafers, provided that the services and output is not competitive to or in conflict with the DenseLight’s products and core business; and (vi) that any devices based on the Company's consigned epitaxial wafers would be for the sole use by the Company and cannot be marketed or sold by DenseLight; and (vii) that DenseLight will quote a preferential cost-plus fixed price for commercial volume component sales to the Company for one year after the Closing Date, and on commercially reasonable terms thereafter. The Strategic Cooperation Agreement between the Company and DenseLight contains certain terms, including: (i) upon request by the Company and subject to mutual agreement on the terms, DenseLight shall be a distributor for the Company and for certain of the Company's products to companies based in the People's Republic of China; (ii) DenseLight will continue work on certain identified development projects without cost to the Company until their natural completion, or until end June 2020, whichever occurs sooner, with ownership over such developments to be jointly owned; (iii) that DenseLight will offer certain test services to the Company at a cost-plus basis, subject to capacity availability, for one year after the Closing Date; (iv) the Company may provide Optical Interposer solutions to DenseLight for the sensing market after the closing, subject to a cost-plus fee at reasonable commercial terms; and (v) that Buyer will offer Suresh Venkatesan via the Company an advisor consultancy position on terms to be mutually agreed for an initial period of one year from the Closing Date (subject to extension upon mutual agreement). R

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