OPEL Technologies Inc (CVE:OPL) (PINK:OPELF) stock price gaped up after the company announced to have made significant progress in the development of their flagship technology.
OPL stock price jumped up 78.4% under a trading volume of 4 million, which was nearly 12 times heavier than the average 350 thousand.
The stock price was up after the company announced their progress with the development of Planar Opto Electronic Technology (POET). The company is working with ODIS Inc. to develop an interconnection of high speed circuits. ODIS has made progress in the development, which will now allow to implement an optical interface connecting multiple CMOS processors. This will make it possible to produce a military and commercial roadmap for POET.
The new technology can be applied in several markets, starting from general computers to smartphones. The wide array of application is what attracts such a significant attention from traders towards this technology.
Roughly a year ago, the POET technology was evaluated over $1 billion by a third party, Pellegrino & Associates, LLC. The technology uses digital, analog, and optical circuits and allows packing them tight in a single monolith chip, saving energy and allowing for higher speeds compared to its silicon alternatives.
