The company has two major assets, its investment in Mears Technologies Inc and a 16% unit holding in Trey Resources 1 LLC. During the quarter MEARS continued to engage with major companies in connection with the commercialisation of the MEARS semiconductor technology and evaluations with these companies are in progress. The Board remains confident in the prospects for Mears Technologies Inc.,provided it can raise sufficient funds privately to complete its commercialisation process. K2 currently has a direct shareholding of 5.339% in Mears, and a fully diluted shareholding of 13.407%, as well as a bridge loan of $1 million provided to that company. If MEARS is successful in having its technology adopted by companies in the semiconductor industry, K2 shareholders should benefit significantly.
MEARS TECHNOLOGIES INC. Mears Silicon Technology (“MST™”) has been demonstrated to reduce gate leakage and increase drive current (performance) in CMOS semiconductors. It also has the benefit of reducing the increasing variability in key parameters,that is now one of the most significant problems facing the industry and which is limiting the yield, power and performance of leading products.
MEARS SOLAR MEARS is seeking a collaboration partner from the ranks of the major solar companies to further the development of its solar technology.
Very general claims. No quantification of claims - as usual with this dog. How much gate leakage reduction?? No signature on report. Their never signed. Why does ASX allow there reports thru???
But it appears someone either knows something or believes the claims.
KTE Price at posting:
1.3¢ Sentiment: None Disclosure: Held
