OPEL International Inc.
TSX VENTURE : OPL

OPEL International Inc.

December 14, 2009 13:55 ET

OPEL Warrant Extension Accepted by TSXV

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2009) - OPEL International Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company"), announces that further to the Company's news release of December 11th, 2009, the TSX Venture Exchange ("TSXV") has accepted the warrant extension requested by the Company. As such, the 7,500,000 Series P Warrants which entitle the holder to purchase one common share of the Company at a price of CA$1.90 per share, will now expire on December 13th, 2011 instead of December 13th, 2009.

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 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.

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
    Email: p.agudow@opelinc.com
    or
    WT Blase & Associates Inc.
    Bill Blase, Cathy Loos, or Stephanie Kuffner
    Media Relations
    (212) 221-1079
    Email: solar@wtblase.com