… the Company has resolved to now transition Oper8tor from one of active research and development, to one which focuses on identifying and engaging the right technical and financial partners to guide Oper8tor’s further development and commercialisation. Vonex will maintain in good standing all intellectual property, websites and internationally granted patents relating to Oper8tor, however it does not anticipate committing further development capital to the project at this time.
The Company advises that Oper8tor’s entry into this new phase has prompted Vonex and Oper8tor CEO, Angus Parker, to mutually agree that Mr Parker will step down from this role and cease employment with Vonex on 30 December 2020. From 31 December 2020, the Oper8tor project will be overseen by Vonex Chief Technology Officer Christo Da Silva.
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