Shelton, CT and Toronto, ON, February 6, 2012 – OPEL Technologies Inc. (TSX-V: OPL) and OPEL Solar Inc. (“OPEL” or “the Company”), a leading global supplier of solar tracker systems and high concentration photovoltaic (“HCPV”) solar panels, and a semiconductor device and process developer, announced today a change to its Management Team. Francisco (“Frank”) Middleton, Chief Operating Officer, has retired from the Company. Frank came out of retirement to join OPEL six years ago to develop the Company’s HCPV technology and universal solar tracking systems. Over the years, Frank has seen the rise of OPEL’s worldwide acceptance within the CPV and tracker businesses. Now that OPEL is enjoying market-leading success and continuing growth, especially with its solar trackers, Frank believes it is a perfect time for his transition back into retirement. We wish Frank well in his future endeavors… Read the Full Press Release

OPEL’s Single and Dual Axis Trackers Deliver Solar Power and Reduce Carbon Footprint
Shelton, CT and Toronto, ON, January 25, 2012 – OPEL Solar Inc. and OPEL Technologies Inc. (TSX-V: OPL) (collectively “OPEL” or “the Company”), a leading global supplier of single and dual axis solar tracker systems and high concentration photovoltaic (“HCPV”) solar panels, and a semiconductor device and process developer, announced today the completion of the solar installation of a tracker-based solar system at the Aquarion Water Company’s (“Aquarion”) D.W. Loiselle Water Treatment Plant at Trap Falls Reservoir in Shelton, Connecticut. Construction began in September of 2011, and following the successful completion and generation of electricity, approval of this Aquarion solar facility was given by The United Illuminating Company in December 2011. Commissioning of this Aquarion solar facility advances both OPEL’s and Aquarion’s commitment to environmental stewardship. The project showcases OPEL Solar’s superior solar tracker products. Both Aquarion and OPEL plan to mark this milestone with an opening ceremony after the winter season… Read the Full Press Release

We know oil is increasingly scarce, we know of the need to conserve the world’s supply of fresh water and we know that the demand for more electricity around the world will strain global resources. What few people will tell you, however, is the tiny component that has driven so much of the computerization and mobility of the world has reached its peak output and that’s as important to the clean energy movement as the concept of peak oil… Read the Full Article

Shelton, CT and Toronto, ON, January 11, 2012 – By news release dated September 29, 2011, OPEL Technologies Inc. (TSX-V: OPL) (“OPEL” or “the Company”), a leading global supplier of solar tracker systems and high concentration photovoltaic (“HCPV”) solar panels, and a semiconductor device and process developer, announced that it had entered into a financing arrangement with Kodiak Capital Group, LLC to provide the Company up to $10 million of funding capacity in the form of an equity line of credit. The Company has decided that the financing was not in the best interests of the Company or its shareholders. The financing facility has never been completed or utilized, and the Company has terminated the arrangement… Read the Full Press Release

OPEL Marks a Milestone with its Largest Tracker Order for the TF-800 Series
Shelton, CT and Toronto, ON, January 9, 2012 – OPEL Solar, Inc. and OPEL Technologies Inc. (TSX-V: OPL) (collectively “OPEL” or “the Company”), a leading global supplier of solar tracker systems and high concentration photovoltaic (“HCPV”) solar panels and a semiconductor device and process developer, announced today that it has completed delivery of 4.6 Megawatts (“MW”) of its TF-850 market leading solar trackers to Global Energy Service U.S.A. (“GES”). This is OPEL’s largest order in its history, furthering OPEL’s sales progress. The trackers were chosen for two solar fields being built by GES in California. GES specializes in full service solar projects, providing engineering, site preparation and site construction… Read the Full Press Release

Tracking Systems and High Concentration Photovoltaic is the Technology
Shelton, CT and Toronto, ON, December 5, 2011 – OPEL Solar Inc. and OPEL Technologies Inc. (TSXV:OPL) (collectively “OPEL” or “the Company”), a leading global supplier of high concentration photovoltaic (“HCPV”) solar panels and solar tracker systems, and a semiconductor device and process developer, announced today that it has signed an agreement with IG Solar of Madrid, Spain to expand the territory coverage to sell OPEL’s high concentrating photovoltaic (“HCPV”) products and OPEL’s market leading solar tracking systems… Read the Full Press Release

Shelton, CT and Toronto, ON, November 29, 2011 – OPEL Technologies Inc. (TSX-V: OPL) (“OPEL” or “the Company”), a leading global supplier of high concentration photovoltaic (“HCPV”) solar panels and solar tracker systems and a semiconductor device and process developer, today announced that its sales and revenue momentum is tracking the projections put forth during the Annual General Meeting held in June related to the third quarter of 2011. OPEL has filed on SEDAR its Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the quarter ended September 30, 2011 (collectively the “Financials”). The reports can also be found on the Company’s website… Read the Full Press Release

Q3 Consolidated Financial Statements
Q3 Management Discussion and Analysis

Shelton, CT and Toronto, ON, November 28, 2011 – OPEL Technologies Inc. (TSX-V: OPL) (“OPEL” or “the Company”), a leading global supplier of high concentration photovoltaic (“HCPV”) solar panels and solar tracker systems and a semiconductor device and process developer, announces it has secured a line of credit for $5 million from Silicon Valley Bank (“SVB”) in Massachusetts. “We are pleased to add this line of credit to our financial options,” said Michael McCoy, Chief Financial Officer of OPEL Technologies. “The credit line will be utilized to fund U.S. and qualified foreign receivables of the Company.”… Read the Full Press Release

For the better part of four decades, solar energy has come in and out of fashion, like skinny ties or flambé Crêpes Suzette. But lost in the boom and bust nature of funding for the nascent technology may be the fact that the industry has made consistent incremental improvements.

Opel Technologies (TSXV:OPL) 
2010 Revenue: $1.65 million

The trajectory of Opel International’s (TSXV:OPL) story is not unfamiliar to investors in the space. The company, which was based in New Brunswick but recently moved its offices back to Ontario, went public on the TSXV in June 2007, raising $10.7 million in a reverse takeover. Shares of Opel soared on the promise of its innovation in high-concentration photovoltaic cells, an area in which the company has applied for more than forty patents and been granted twenty one. The company’s stock hit a high of $2.25 in November of that year. But when the recession hit, Opel was hit especially hard, falling to $.12 cents by Halloween 2008. Investors were no doubt taking as much stock of the company’s’ losses, which ended up at just under $6 million for fiscal 2007, as they were the company’s perceived leadership position. Since that time Opel has continued to unveil a string of prestigious grants, awards and pilot projects with institutions such as the National Research Council of Canada and US Department of Defence. Opel is still small, but is starting to generate revenue from projects such as the recently completed turnkey installation for solar power plant for Toray Plastics, will be generate 446-kilowatt the largest solar field in the state of Rhode Island.

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Scientists and engineers from OPEL Technologies affiliate ODIS Inc. (Shelton, CT) and its research and development center located at the University of Connecticut (Storrs, CT) have developed a high-speed, low-power-consumption gallium arsenide (GaAs)- and aluminum gallium arsenide (AlGaAs)-based optical modulator as part of their Planar Optoelectronic Technology (POET) semiconductor integrated photonics platform… Click here to read the full article