OPEL International Inc.
TSX VENTURE : OPL

OPEL International Inc.

December 11, 2009 08:30 ET

OPEL Applies for Extension of Warrant Expiry Date

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2009) - OPEL International Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company"), announces that it has filed an application with the TSX Venture Exchange ("TSXV") to extend the expiry date of 7,500,000 Series P Warrants from December 13th, 2009 to December 13th, 2011. Each warrant entitles the holder to purchase one common share of the Company at a price of CA$1.90 per share. These warrants were attached to a private placement of CA$22.5 million completed by the Company on December 13th, 2007. None of the Series P warrants have been exercised to date. The proposed expiry date extension will only take place if approved by the TSXV.

About OPEL International
With operations headquartered in Shelton, CT and Toronto, Ontario, Canada, OPEL designs, manufactures and markets high performance concentrating photovoltaic ("HCPV") panels to transform solar energy into electricity for worldwide application. OPEL's high performance photovoltaic concentrating panels generate up to 40 percent more kilowatt-hours than conventional flat plate silicon solar panels, resulting in more cost-effective electricity generated from the sun. OPEL also markets a complete line of dual and single axis solar trackers to mount solar panels for optimum power output. OPEL also designs infrared sensor type products for military and industrial applications.

A leader in gallium arsenide and solar photovoltaic technology, the Company has been awarded 39 patents and has eight more patents pending. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL Solar, Inc., please visit the Company's website at www.opelinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • OPEL International Inc.
    Pat V. Agudow
    Vice President, Administration
    (203) 612-2366 Ext 2612
    (203) 944-0800 (FAX)
    p.agudow@opelinc.com
    or
    Media Relations - WT Blase & Associates Inc.
    Bill Blase, Cathy Loos, or Stephanie Kuffner
    (212) 221-1079
    solar@wtblase.com