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Executive summary
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Opsens is a leading developer, manufacturer and supplier of a wide range of fiber optic sensors and associated signal conditioners based on proprietary and patent pending technologies. Opsens sensors provide long-term accuracy and reliability in the harshest environments and are able to address various critical measurement requirements notably in the oil and gas field. Opsens provides patent pending sensors to measure pressure, temperature, strain and displacement to original equipment manufacturers (OEM) and end-users in the oil and gas, medical, energy and laboratory fields. Opsens offers technical services, as on site installation, training and turnkey fiber optic systems.
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Management team
Pierre Carrier
President & Chief Executive Officer
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Mr. Pierre Carrier has been President and Chief Executive Officer, President of the Board and Director of Opsens since its creation on August 19, 2003. His principal mandate consists in ensuring the operational management of the company. He is also a member of the Board of Directors of Amex Exploration Inc. (TSX Venture: AMX), a mining exploration company. From March 2001 until March 2003, he was President of Ryshco Media Inc., a corporation specialized in manufacturing movie dubbing softwares, for which he set up the business plan, and the corporate and financial structures. From September 1995 until August 2000, Mr. Carrier acted as President and Chief Executive Officer of Roctest Ltd., which shares are traded on the Toronto Stock Exchange, and which is involved in manufacturing instruments used in civil engineering projects. In said company, he completed many placements and business acquisitions including Nortech GSI Inc. and Kromafibre Inc. (Corvis Canada Inc.). Mr. Carrier holds a Bachelor’s degree in Geology from the Université du Québec à Montréal obtained in May 1979.
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Claude Belleville
Vice President Medical |
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Mr. Claude Belleville has been Vice President R & D, Medical Sector and Director of Opsens since its creation on August 19, 2003. His principal tasks consist in leading research activities in the medical sector by orienting the main lines of commercial and intellectual property development, planning the works and looking after the execution of the action plan of the company. In May 1994, he co-founded a company specialized in manufacturing fiber optic sensors, for which he held the position of President, from May 1994 until December 2002, and thereafter the position of Vice-President Research and Development until August 2003. In addition to taking care of the management of the company, Mr. Belleville was in charge of the development of fiber optic gauges. He contributed to the development of many products and technologies of fiber optic sensors. Since July 1986, he has been a member of Ordre des ingénieurs du Québec. Mr. Belleville holds a Bachelor’s degree in Physical Engineering (optic and photonic) from Université Laval obtained in May 1986. He also holds a Master’s degree in Optic obtained in May 1988 from the same university.
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Gaétan Duplain
Vice President Energy |
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Mr. Gaétan Duplain has been Vice President, R & D, Energy Sector, and Director of Opsens since its creation on May 19, 2003. His main tasks consist in leading research activities in the energy sector by orienting the main lines of commercial and intellectual property development, planning the works and looking after the execution of the action plan of the company. In May 1994, he co-founded a company specialized in manufacturing fiber optic sensors, for which he held the position of Vice-President from July 1994 until August 2003. In said company, Mr. Duplain acquired experience in strategic planning and development of high technology businesses. He holds a Bachelor’s degree in Physical Engineering from Université Laval obtained in May 1983. Mr. Duplain also holds a Master’s degree in Optic and Laser obtained in May 1986 from the same university.
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Louis Laflamme
Vice President Finance & Chief Financial Officer |
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Mr. Louis Laflamme has been Vice President Finance and Chief Financial Officer of Opsens since November 2005. His principal tasks consist in defining and executing the financial strategy of the company towards the shareholders and the financial community as well as in the operational activities. From March 2005 until November 2005, he held the position of Director, Administration & Finance of DEQ Systems Corp., a corporation listed on the Exchange (TSX Venture: DEQ) and specialized in the manufacturing and distribution of electronic systems for gaming tables in casinos. In said corporation, he participated in equity financings. From July 2002 until February 2005, Mr. Laflamme held the position of Chief Financial Officer and Vice-President Finance of TGN Biotech Inc., a company specialized in research and development in biotechnology, for which he led a round of equity financing. From January 2002 until July 2002, Mr. Laflamme also acted as corporate controller for St-Raymond Forest Products Ltd., a corporation involved in the manufacturing of veneers. From October 1998 until December 2001, he was Senior Auditor in the assurance and advisory department for Samson Bélair/Deloitte & Touche, s.e.n.c.r.l. Mr. Laflamme has been a member of Ordre des comptables agréés since February 2001. He holds a Bachelor’s degree in Business Administration from Université Laval obtained in May 1998.
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Board of directors
Pierre Carrier
Chairman of the Board of Directors
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Mr. Pierre Carrier has been President and Chief Executive Officer, President of the Board and Director of Opsens since its creation on August 19, 2003. His principal mandate consists in ensuring the operational management of the company. He is also a member of the Board of Directors of Amex Exploration Inc. (TSX Venture: AMX), a mining exploration company. From March 2001 until March 2003, he was President of Ryshco Media Inc., a corporation specialized in manufacturing movie dubbing softwares, for which he set up the business plan, and the corporate and financial structures. From September 1995 until August 2000, Mr. Carrier acted as President and Chief Executive Officer of Roctest Ltd., which shares are traded on the Toronto Stock Exchange, and which is involved in manufacturing instruments used in civil engineering projects. In said company, he completed many placements and business acquisitions including Nortech GSI Inc. and Kromafibre Inc. (Corvis Canada Inc.). Mr. Carrier holds a Bachelor’s degree in Geology from the Université du Québec à Montréal obtained in May 1979.
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Mario Jacob
Director |
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Mr. Mario Jacob is President and Director of Maximum Capital Inc., a consulting firm specialized in corporate financing and reorganization. He has been a lawyer and a member of Barreau du Québec since 1995. He is Director and Corporate Secretary of Power Tech Corporation Inc. (TSX Venture: PWB) and Director of Virginia Mines Inc. (TSX: VGQ). He was President and Director of the capital pool company, Dufort Capital Inc., now Odesia Group Inc., (TSX Venture: ODS) further to the completion of its qualifying transaction. He was also Director and Secretary of the capital pool company Rasa Investments Inc., which became Fortune 1000 Group Inc. (now Fortsum Business Solutions Inc., (TSX Venture: FRT)), further to the completion of its qualifying transaction, and of SLC Capital Inc., now Conporec Inc. (TSX Venture: CNP), further to the completion of its qualifying transaction. He was Vice President and Director of LBJ Partners Inc., a private management corporation, from October 2000 until October 2004. He was partner at Flynn Rivard, lawyers, from January 1996 until October 1999. He was Corporate Secretary of Plexmar Resources Inc. (TSX Venture: PLE) from January 2002 until February 2005, and of Lyrtech Inc. (TSX Venture: LYT), from August 2000 until June 2001.
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Jean Rochette
Director |
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Mr. Jean Rochette held the positions of Vice-President and Chief Executive Officer of the Company MAAX Inc. (previously TSX: MXA) in North America from January 2000 until March 2005. He had the responsibility of the results for North America: sales of 425 million dollars, 15 plants and 2,100 employees. From February 1996 until October 2000, he was President and Managing Director of Ralston Purina in France. Mr. Rochette has more than 13 years of experience in general directorate positions. He has developed an expertise in sales growth, development of distribution networks, business acquisitions and recovery of financial results. Holder of an Executive MBA, Mr. Rochette is known for his leadership, his professionalism and his abilities of strategic vision of the business and in the development of competitive advantages.
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Bertrand Bolduc
Director |
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Mr. Bertrand Bolduc, B.Pharm., MBA, is President, Chief Executive Officer and Director of Mistral Pharma Inc. (TSX Venture: MIP), a pharmaceutical corporation developing controlled-delivery drugs since 2003. Mr. Bolduc is a pharmacist and has more than 14 years of experience in the pharmaceutical industry acquired at Servier Canada Inc., Biovail Corporation (TSX: BVF), Axcan Pharma Inc. (TSX: AXP), Procrea Biosciences Inc. (now OPMEDIC Group Inc., TSX: OMG) and TGN Biotech Inc., for which he participated in many acquisitions of products and businesses. He was President of the Pharmaceutical Marketing Club of Quebec and is currently President of the Quebec Bio-Industries Association. Mr. Bolduc is also a director of Motionshere Capital Inc. (TSX Venture: MSL.P), a capital pool company. He has been a member of the Order of Pharmacists since July 1990. He holds a Bachelor’s degree in Pharmacy from Université de Montréal obtained in May 1990 and a Master’s degree from HEC Montréal obtained in September 2000.
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Denis M. Sirois
Director |
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Mr. Denis M. Sirois has been Executive Vice-President of Exaclan Inc. since 1996. Exaclan Inc. is a private holding company. Mr. Sirois is a member of the board of directors of Telesystem Ltd. and some of its subsidiaries, and of Gestion Fier-succès Inc. Mr. Sirois is a member of the Executive Committee of Exaclan Inc. and of the Investment Committee of Propulsion Fund III L.P. Mr. Sirois began his career for the company Bureau de credit collectif Ltée (BCCL) for which he acted as Managing Director in 1993. BCCL was a Quebec leader in credit information systems and was sold to a multinational in 1996.
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Claude Belleville
Director |
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Mr. Claude Belleville has been Vice President R & D, Medical Sector and Director of Opsens since its creation on August 19, 2003. His principal tasks consist in leading research activities in the medical sector by orienting the main lines of commercial and intellectual property development, planning the works and looking after the execution of the action plan of the company. In May 1994, he co-founded a company specialized in manufacturing fiber optic sensors, for which he held the position of President, from May 1994 until December 2002, and thereafter the position of Vice-President Research and Development until August 2003. In addition to taking care of the management of the company, Mr. Belleville was in charge of the development of fiber optic gauges. He contributed to the development of many products and technologies of fiber optic sensors. Since July 1986, he has been a member of Ordre des ingénieurs du Québec. Mr. Belleville holds a Bachelor’s degree in Physical Engineering (optic and photonic) from Université Laval obtained in May 1986. He also holds a Master’s degree in Optic obtained in May 1988 from the same university.
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Gaétan Duplain
Director |
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Mr. Gaétan Duplain has been Vice President, R & D, Energy Sector, and Director of Opsens since its creation on May 19, 2003. His main tasks consist in leading research activities in the energy sector by orienting the main lines of commercial and intellectual property development, planning the works and looking after the execution of the action plan of the company. In May 1994, he co-founded a company specialized in manufacturing fiber optic sensors, for which he held the position of Vice-President from July 1994 until August 2003. In said company, Mr. Duplain acquired experience in strategic planning and development of high technology businesses. He holds a Bachelor’s degree in Physical Engineering from Université Laval obtained in May 1983. Mr. Duplain also holds a Master’s degree in Optic and Laser obtained in May 1986 from the same university.
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Financial reports
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Annual reports
No annual reports had been filed since stock market listing.
Financial statements
Interim consolidated financial statements for the six-month period ended February 29, 2008 and February 28, 2007.
See PDF 
Interim financial statements for the three-month period ended November 30, 2007 and 2006
See PDF 
Financial statements of August 31, 2007 and 2006.
See PDF 
Interim financial statements for the nine-month period ended May 31, 2007.
See PDF 
Interim financial statements for the six-month period ended February 28, 2007.
See PDF 
Interim financial statements for the three-month period ended November 30, 2006.
See PDF 
Financial statements of August 31, 2006.
See PDF 
Management Discussion & Analysis
Interim Management's Discussion & Analysis for the period ended February 29, 2008.
See PDF 
Interim Management's Discussion & Analysis for the period ended November 30, 2007.
See PDF 
Interim Management's Discussion & Analysis for the period ended August 31, 2007.
See PDF 
Interim Management's Discussion & Analysis for the period ended May 31, 2007.
See PDF 
Interim Management's Discussion & Analysis for the period ended February 28, 2007.
See PDF 
Interim Management's Discussion & Analysis for the period ended November 30, 2006.
See PDF 
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Press releases
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April 23, 2008 Opsens inc. announces 140% sales growth for second quarter 2008.
April 8, 2008 Opsens inc. announces closing $3,8 million brokered private placement.
March 26, 2008 Opsens inc. announces CAD$4,00 million brokered private placement.
January 22, 2008 Opsens inc. announces 327 % sales growth for first quarter 2008.
January 9, 2008 Opsens inc. announces two new orders in the Oil & Gas.
December 12, 2007 Opsens inc. concludes the acquisition of Inflo Solutions in Alberta to integrate its operations in Oil & Gas.
November 28, 2007 Opsens inc. publishes its annuel results for the fiscal year ended August 31, 2007 and sees record level order backlog.
November 21, 2007 Opsens inc. announces an order from a european medical customer.
November 5, 2007 Opsens inc. announces $6,25 million private placement.
October 29, 2007 Opsens inc. receives first order from japanese manufacturer for cardiovascular pressure measurement.
October 24, 2007 Opsens inc. announces new orders from the EED market on three continents.
October 17, 2007 Opsens inc. announces an order from BAE Systems.
October 16, 2007 Opsens' RadSens System accepted for RADHAZ Applications by the United Kingdom MoD DOSG.
August 21, 2007 USPTO grants a patent on main Opsens technology.
August 13, 2007 Opsens inc. completes with success the evaluation of its signal conditioner from an european medical customer.
July 4, 2007 Opsens inc. announces its financial results for the quarter ended May 31, 2007.
May 15, 2007 Opsens inc. completes an important milestone in its history with an order received from a major oil sands operator in Alberta for the supply and installation of its optical sensing systems.
April 25, 2007 Opsens inc. announces the nomination to its advisory committee of Maurice B. Dusseault, well-known expert in heavy oil and oil sands production processes.
April 24, 2007 Opsens inc. announces its financial results for the quarter ended February 28, 2007.
April 16, 2007 Opsens inc. names Yves Plamondon as vice president sales & marketing.
March 22, 2007 Opsens inc. announces an order from a high-potential client in the medical industry.
January 25, 2007 Opsens inc. announces its financial results for the quarter ended November 30, 2006.
December 5, 2006 Opsens inc. closes a private placement with a premier US financial institution and a private investor for an amount of $1,100,000
October 11, 2006 Opsens Inc. closes a second private placement of $1,175,000 for a total aggregate private placement of $2,215,000
October 3, 2006 Opsens Inc. closes a qualifying transaction with DCB Capital Inc. and closes a private placement of $1,040,000 (Available in French Only)
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Investors info
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Contact
Louis Laflamme
Vice President Finance & Chief Financial Officer
2014, Jean-Talon Nord, suite 125
Québec, QC
CANADA G1N 4N6
Tel.: +1 418 682 9996
Fax: +1 418 682 9939
louis.laflamme@opsens.com
Audithors
Samson Bélair Deloitte & Touche
High Technology
925, Grande-Allée Ouest
Suite 400
Québec, QC
CANADA G1S 4Z4
Tel.: +1 418 624 3333
Fax: +1 418 624 0414
Transfer Agent and Registrar
CIBC Mellon
2001, University Street, suite 1600
Montréal, QC
CANADA H3A 2A6
Tel.: +1 514 285 3600
Opsens on SEDAR (see documents)
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Links to third party sites are for informational purposes only.
Opsens Inc. have not prepared, reviewed or updated any content on third
party sites and assume no responsibility for the information posted on them.
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