OPEL International Inc.
TSX VENTURE : OPL

OPEL International Inc.
OPEL Solar, Inc.

OPEL Solar, Inc.

February 25, 2010 10:00 ET

OPEL Solar, Inc. Receives 2010 Connecticut Green Business Award for Solar Innovation

Company Honored at a Yale University Reception

SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - Feb. 25, 2010) - OPEL Solar, Inc., a leading global developer and supplier of high concentration photovoltaic ("HCPV") solar panels and other solar products, including ground-based and rooftop tracker systems, was honored yesterday evening receiving a 2010 Connecticut Green Business Award. The Award recognizes OPEL Solar's contributions to driving Connecticut's green economy revolution with its advanced solar HCPV technology, its unique solar tracker systems, and the green jobs created by OPEL Solar in the State of Connecticut. OPEL Solar was one of 25 companies awarded.

The award reception was held at The Yale School of Forestry & Environmental Studies Kroon Hall, itself a showcase green building. The awards were selected by Business New Haven & CONNTACT.com. The ceremony was hosted by Daniel C. Esty, Director of the Yale Center for Environmental Law and Policy. Accepting the award was Robert Pico, CEO of OPEL Solar, Inc.

"It is my privilege to accept this award on behalf of the OPEL Solar Team," said Pico. "We are proud of our successes using the HCPV technology and are encouraged that we have and can continue to bring green jobs to Connecticut." 

The Honorable Congressman Jim Himes congratulated OPEL Solar's achievement in a letter in which he continues to support the Company's accomplishments as well as the advancement of solar energy and growing the green economy.

Regionally, in March of 2009, OPEL Solar completed the first solar rooftop tracking system for the Linden Elementary School in Plainville, Connecticut. For this project, OPEL Solar won grants from the Connecticut Clean Energy Fund and from the US Treasury Grant Program created by the American Recovery and Reinvestment Act. OPEL Solar's recent international achievements include the successful completion of one of the first commercial HCPV installations generating electricity in Spain using OPEL Solar's HCPV panels and dual axis solar trackers.

OPEL Solar's leading edge solar installations are built using its Mk-I high concentration panels (HCPVs) mounted on dual axis trackers. The combination of OPEL's HCPV panels and precision dual axis trackers results in a higher power production per unit of land (acre/hectare) than silicon or thin film flat panels with a potential to increase photovoltaic yields by up to 40 percent.

About OPEL Solar, Inc. and OPEL International Inc.

With operations headquartered in Shelton, CT and Toronto, Ontario, Canada, OPEL Solar, Inc. designs, manufactures and markets high performance concentrating photovoltaic ("HCPV") panels to transform solar energy into electricity for worldwide application. OPEL Solar'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 Solar 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 12 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. OPEL Solar, Inc. is a subsidiary of OPEL International Inc. (TSX VENTURE:OPL).

Dated: February 25, 2010

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

Investors are cautioned that except for statements of historical facts, certain statements contained in this news release may include forward-looking information with respect to the Company. Such forward-looking statements or information are based on current expectations, estimates and projections formulated using assumptions currently believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. The Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

Contact Information

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