Incentive Stock Option Grant

February 16th, 2012

Shelton, CT and Toronto, ON, February 16, 2012 – OPEL Technologies Inc. (TSX-V: OPL) and OPEL Solar Inc. (collectively “OPEL” or “the Company”), a leading global supplier of solar tracker systems and other solar related products, and a semiconductor device and process developer, announced today the grant of additional incentive stock options under its stock option plan to certain directors, officers, key consultants and employees of the Company to purchase up to an aggregate of 2,280,000 common shares, representing 2.45% of the outstanding voting shares of the Company. Options granted to the Company’s officers represent 44.5% of the total grants, and options to the independent members of the Board of Directors of the Company represent 39.5% of the total grants. The remaining options were granted to key consultants and employees. The stock options are exercisable at a price of CA$0.23 per share expiring February 16, 2022. The exercise price is the closing market price of February15, 2012… [Read More]

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