OPEL Solar and ODIS to gain distinction under "OPEL Technologies" umbrella

Shelton, CT and Toronto, ON, Canada--OPEL Solar International, a supplier of high concentration photovoltaic (HCPV) solar panels, filed Articles of Amendments under the Business Corporation Act (Ontario) dated August 25, 2011 to change its name to OPEL Technologies Inc. The Company is also in the process of changing the name of its subsidiary OPEL, Inc. to OPEL Solar Inc. The company says that the name change will better reflect the two distinct segments of its businesses--OPEL Solar and ODIS--to avoid confusion caused by the former name only reflecting the solar side of the business.

OPEL Technologies is engaged in (a) the design, manufacture and marketing of HCPV panels and dual- and single-axis trackers for related CPV and PV systems for energy applications worldwide through its OPEL Solar business and (b) through ODIS Inc., a U.S. company, the design of III-V semiconductor devices for military, industrial, and commercial applications, including infrared sensor arrays and ultra-low-power random access memory.

"The name change to OPEL Technologies better exemplifies the scope of our expanding Company. The organization has exhibited significant growth and recognition in each of its distinct business divisions, and it is important to establish a parent company that captures each group's mission as they gain momentum and growth in the future," said Leon M. Pierhal, OPEL's CEO.

The high efficiency of the OPEL HCPV panel results in significantly higher power generation per unit of area when compared to both silicon flat panel and thin film installations. When mounted on OPEL's dual axis trackers, the energy production of an HCPV or PV panel can increase by up to 45% with respect to a fixed mounted system.

ODIS Inc., a U.S. company, (an acronym for OPEL Defense Integrated Systems), designs a wide array of devices for military, consumer, commercial, and industrial applications. ODIS continues to develop gallium arsenide-based chip design processes having several potential major market applications, including: (i) infrared sensor arrays for military as well as Homeland Security monitoring and imaging, and (ii) the unique combination of optical lasers, and electronic control circuits on the same microchip for potential use in various military programs and potentially telecom applications. The use of gallium arsenide is a key material in ODIS's Planar Opto-Electronic Technology (POET) process development for these products. ODIS has been awarded more than a dozen U.S. Department of Defense projects since 2000.

SOURCE: OPEL Solar; www.opelinc.com