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 semiconductor device and process developer, announced today
that the Company has selected GrowthPoint Technology Partners ("GrowthPoint") as
advisors to the Company. GrowthPoint will assist the Company in identifying and
evaluating strategic options for the value optimization of ODIS' proprietary
Planar Optoelectronic Technology ("POET") semiconductor process. These options
may potentially include the full or partial sale of the technology, as outlined
in a previous announcement regarding the valuation of POET.
"We were impressed with GrowthPoint's outstanding track record of guidance
provided to other semiconductor, defense and cleantech firms," noted Leon M.
Pierhal, CEO of OPEL Technologies. "We are pleased to have GrowthPoint on board
in this strategic advisory role to assist in optimizing and monetizing the
shareholder value of the POET intellectual property portfolio."
POET is a semiconductor fabrication process which enables the monolithic
fabrication of integrated circuits containing both electronic and optical
elements. This III-V process, developed via OPEL's U.S. affiliate ODIS Inc. and
covered by numerous patents and patents pending, makes possible economic
production of fully-integrated optoelectronic semiconductor devices with higher
speeds and reduced power consumption compared to conventional silicon-based
Based upon the advantages POET presents, a number of U.S. Government Departments
and Agencies are developing specific devices using the POET platform, including
imaging sensors and ultra-low-power random access memory. These advances
highlight POET's potential to address high-speed and low-power applications for
commercial and consumer applications, included servers, tablet computers and
smartphones. Recently, the POET technology was independently validated by BAE
Systems, in their fabrication facility, when working transistors were created
using the POET platform.
OPEL will continue to provide updates as new information becomes available,
pursuant to full disclosure requirements.
About GrowthPoint Technology Partners
GrowthPoint Technology Partners provides M&A, fundraising and strategic advisory
services to a wide range of semiconductor, information technology, energy
technology and defense contracting companies. As former CEOs, executives, board
members, investors and advisors, GrowthPoint's team brings a wealth of strategic
and financial experience to its clients with the sole objective of helping them
For more information on GrowthPoint, please visit www.gptpartners.com.
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 Solar 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, please visit our
websites: for OPEL Technologies Inc. at www.opeltechinc.com; for OPEL Solar Inc.
at www.opelsolarinc.com; and for ODIS Inc. at www.odisinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary