The Directors of K2 Energy Limited (
K2 Energy's major activities during the quarter were its strategic investment in Atomera, Inc. ("Atomera").
ATOMERA, INC.
K2 Energy provided critical funding to Atomera, Inc. during its R & D development phase while they developed patentable technology for the silicon chip industry with energy saving and performance attributes. This funding converted into a significant interest in a NASDAQ listed corporation, being Atomera, Inc.
On 14th November 2023 Atomera announced progress with its first commercial licence agreement. Extracts from that announcement are below.
"Atomera Incorporated (
"Our customers' investment in MST is a validation of our technology and a testament to the large commercial applications of our IP," said Scott Bibaud, President and CEO. "We are particularly optimistic when MST is installed into another factory, because it opens the door to innovation in our customer's target technology area as well as in adjacent areas of development. Hands-on experience with MST will naturally expand its adoption, so today's milestone is particularly gratifying."
Further details are available at www.atomera.com.
Atomera's share price as at 31 December 2023 was approximately USD$7.00 per share, which valued K2 Energy's shareholding in Atomera at approximately AUD 5.135 million.
MST(TM) SOLAR
K2 Energy owns the exclusive worldwide rights to the MST(TM) Technology for all solar energy applications.
About K2 Energy Limited
K2 Energy Limited (NSX:KTE) is currently involved in several major activities, being a Strategic Investor in Energy Saving Technology and Solar Energy. K2 Energy provided critical funding to Atomera, Inc. during its R & D development phase while they developed patentable technology for the silicon chip industry with energy saving and performance attributes. This funding converted into a significant interest in a NASDAQ listed corporation, being Atomera, Inc.
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