This PR is missing the critical word "ARRAY".
Lacking that all it announces is the achievement of ISOLATED PIXELS or IR detectors. It's all very lovely that these PIXELS have MWIR and LWIR detection in the same PIXEL.
But that's really only signficant IF and ONLY if these pixels can be assembled into a functioning ARRAY which is a vastly more challenging project.
What they've done here is the equivalent of sending a rocket into the next county when the goal is to send one to the moon.
Opel Technologies (Opps, POET Technologies, is that this year's name?) has a long history of intentionally misleading PRs, notably one carefully worded to SOUND like a milestone had been achieved without ever actually explicitly stating it - and for good reason - when many investors asked for clarification, was it or was it not the milestone? POET (then Opel) refused to answer and it turned out IT WAS NOT. And then there was the outright lie years ago at the time of the Pellingrino report that POET (then Opel whatever (went thru several name changes with "Opel" in it)) had "validated all components" and would supposedly have a functioning fully integrated chip in a few months. Turned out they had validated only ONE component and YEARS later are still many milestones away from a fully integrated chip.
This PR is yet another example of such calculated deception: It is very carefully crafted to give the IMPRESSION that it is an IR detection ARRAY, but it NEVER EXPLICITLY STATES THAT, because it can't because it IS NOT AN ARRAY, IT IS ONLY A PIXEL.
Had it actually been an array of course they would have made that very clear and the SP would have doubled or tripled because the array IN AND OF ITSELF would be a very valuable product. And had it been an array a deal with BAE would have been either announced PRIOR to this PR or simultaneously with it.
The MARKET knows it's a very minor event. BUt as usual with this stock there are traders hyping it to the skies and the SP will float on air for awhile and then crash as always.
