SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - June 15, 2011) - OPEL Solar International Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels and trackers, announces additional information relating to the agenda for the previously announced Annual and Special Meeting of shareholders being held in Toronto on June 21, 2011 ("the Meeting").
Prior to the start of the Meeting, shareholders will have the opportunity to view the product innovations developed during the latter half of 2010 and into 2011. OPEL Solar Inc. ("OPEL Solar") will be displaying the newest model of the HCPV panel, the Mk-1X, which was unveiled to the world at Solar Power International ("SPI") in October of 2010. OPEL Solar will also have a model of its advanced single axis tracker, the TF-800. The model will spotlight the backtracking capability of the tracker along with the wireless network control technology used to monitor a solar field remotely. The wireless network controller was also introduced at the SPI Conference in 2010.
ODIS Inc. ("ODIS") will display samples of POET wafers and chips providing shareholders with the opportunity to view the potential of the technology and query Dr. Geoff Taylor, the Chief Scientist and Inventor of POET.
In addition to the usual business agenda as announced on May 27th, OPEL's executive team will provide shareholders with an update on its two distinct business units, OPEL Solar, Inc. and ODIS Inc. The presentation at the Meeting on its affiliated company ODIS (named for OPEL Defense Integrated Systems) will update activities of ODIS. Since the ODIS valuation was announced in February of this year, there have been further validating achievements announced regarding the POET technology to discuss with the shareholders. The Company will showcase ODIS' development of its main product focused on potential future commercial usage in the general purpose server, desktop and laptop microprocessor, smartphone devices and tablet markets so that shareholders will get a reinforced understanding of the huge potential of ODIS.
Shareholders are generally aware that the Company had redirected, in the latter part of 2010 and on into 2011, its marketing strategies relating to its solar business. These efforts have resulted in its gaining market share in the solar energy arena with its advanced solar technologies. However, the Company believes it can broaden the shareholders' perspective regarding the impact of the length of the sales cycle and its belief that this is the start of a long-term revenue growth pattern.
The Company's focus is to continue its efforts to grow the Company to its next level of success, to build on the strong foundation already in place, to provide increased brand recognition and to increase investor awareness, all for the purpose of creating added shareholder value. The Company's business outlook continues to be extremely positive.
About OPEL Solar International Inc., OPEL Solar, Inc. and ODIS Inc.
With operations in Shelton, CT and head office in Toronto, Ontario, Canada, the Company, through OPEL, Inc., designs, manufactures and markets high-concentration photovoltaic panels and dual- and single-axis trackers for related CPV and PV systems for energy applications worldwide. The Company, through ODIS Inc., a U.S. company, designs III-V semiconductor devices for military, industrial and commercial applications, including infrared sensor arrays and ultra-low-power random access memory. The Company has 35 patents issued and 12 patents pending in PV systems technologies and for its semiconductor POET process, which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements, with potential high-speed and power-efficient applications in devices such as servers, tablet computers and smartphones. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.
Dated: June 15, 2011
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.