OPEL Technologies Inc.

OPEL Technologies Inc.

September 30, 2011 09:00 ET

OPEL Technologies Inc. Maintains Its Business Direction

SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - Sept. 30, 2011) - OPEL Technologies Inc. (TSX VENTURE:OPL) ("OPEL" or "the Company"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels, solar tracker systems and a semiconductor device and process developer, announces that OPEL is aware of no material change in the position of the Company that would result in the current decline in share price, apart from the uncertainty in the general economic environment.

Over the past few weeks, OPEL has been aware and followed with interest certain trading patterns, such as the selling of small amounts of volume into bids every 15 minutes, over a that period. We are justifiably concerned about the trading patterns and the effect on our shareholders. We will continue to monitor the trading patterns.

OPEL management would like to reassure its stakeholders that our business plan continues as presented to shareholders in our last Annual General Meeting and Quarterly Report and that Company initiatives have the full backing of the Board of Directors. The Company is looking forward to releasing further updates in the near future as current initiatives close.

About OPEL Technologies 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 16 patents pending in CPV and tracker 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 our websites at www.opeltechinc.com; for OPEL Solar at www.opelsolar.com; and for ODIS at www.odisinc.com.

Dated: September 30, 2011


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.

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