OPEL Solar International Inc.
TSX VENTURE : OPL

OPEL Solar International Inc.

May 27, 2011 15:28 ET

OPEL Solar International-Upcoming Shareholders Meeting and Proposed Name Change

SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - May 27, 2011) -OPEL Solar International Inc. (TSX VENTURE:OPL) ("OPEL Solar," or "the Company") announces that proxy materials were recently mailed to shareholders with respect to the Annual and Special Meeting of shareholders to be held in Toronto on June 21, 2011 (the Meeting") and PDF copies of the said material has been filed on SEDAR (www.sedar.com).

In addition to the usual matters to be determined at the Meeting, including the appointment of auditors and election of directors, shareholders will be asked to consider a special resolution authorizing, subject to regulatory approval, the proposed change in the name of the Company to 'OPEL Technologies Inc.'

The Name Change provides more focus and a clear framework for the two distinct divisions of the Company. OPEL Solar has its HCPV and solar tracker technologies, and ODIS has the extraordinary gallium arsenide POET technology. With each division having such significant technologies in their own right, the Company and its shareholders are best served to take a name that is more descriptive to encompass the broadening universe that is OPEL today.

Shareholders will also be asked, at the meeting, to approve Amendments to the Company's Stock Option Plan in order to increase the Number of Shares Reserved for Issuances under the Option Plan.

The Directors have approved these matters, as they believe they are in the best interests of the shareholders. Management's focus is on 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, which should eventually yield added shareholder value. The Company's business outlook continues to be extremely positive, and shareholders will be presented with an update on the Company at the Meeting.

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: May 27, 2011

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.

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