IQE Silex and BLG

Interesting announcement that IQE has bought Silex Translucent technology, This is the technology that BLG has been growing on as a base for IQE. 2+2=????

5 million received from IQE Plc for the acquisition of Translucent’s unique cREO™ technology 26 September 2018 Silex Systems Limited (Silex) (ASX: SLX) (OTCQX: SILXY) is pleased to confirm the receipt of US$5 million from IQE Plc (AIM: IQE) for the purchase of Translucent’s cREO™ technology. The payment was made via the issue of 4,262,256 ordinary shares in IQE Plc which trade on the AIM market of the London Stock Exchange. The receipt follows IQE’s election in March 2018 to purchase the technology in accordance with the 2015 Option, Licence and Assignment Agreement. In addition to the US$5 million purchase price received today, a perpetual royalty of between 3% and 6% will be payable to Translucent on the sale of any IQE products that utilise the cREO™ technology, with minimum annual royalties starting at US$400,000 due to commence being paid in FY2020. IQE continues to devote significant resources to the commercialisation of this unique technology and while timelines to market are uncertain and subject to change, IQE believes that an optimal route to cREO™ commercialisation should occur within a 2 to 3-year timeframe.