OPEL Installs 9.5 kW Solar System
November 20 2008 - 2:49PM
Marketwired Canada
OPEL International Inc. (TSX VENTURE:OPL) ("OPEL"), a leading global developer
and supplier of concentrating photovoltaic panels (CPVs) and industrial solar
systems, today announced it has installed and activated a 9.5 kW grid tied solar
installation at The Sports Zone in Trumbull, CT.
The solar installation is a complete, turnkey system that features OPEL's Mk-I
high concentration photovoltaic panels (HCPV), along with OPEL's Mk-III low
concentration photovoltaic panels (LCPV); all are mounted on OPEL's SF-20 dual
axis tracker systems.
OPEL's Mk-I HCPV panels concentrate the light from the sun more than 500 times
and have conversion efficiencies up to twice that of conventional silicon solar
panels and more than three times that of thin film solar panels.
OPEL's solar trackers can be used in conjunction with both concentrating panels,
as well as with conventional silicon ones. When these trackers are used in
conjunction with conventional silicon panels, the resulting electricity
generation can be increased by as much as 40% with respect to conventional fixed
panel installations.
In commenting on the announcement, Robert Malton, Manager, Business Development
for OPEL International, noted that, "OPEL is in the position to be the first
solar manufacturer to provide the State of Connecticut with a fully-operational
solar site using OPEL's unique tracker mounted system design. This is also the
first commercial solar installation in the Town of Trumbull and will help them
to meet their alternative energy goals."
Malton added, "A sun tracker mounted system captures significantly more solar
energy because the solar panels can follow the sun's path throughout the day
versus remain fixed horizontally. Therefore, this installation will allow The
Sports Zone to reduce its electric bill by approximately 30 percent through the
use of a totally Green source, and OPEL's products will make a huge impact on
their utility needs over the next 20 years. For OPEL, we have an operational
site generating electric power that we can bring customers and investors to see,
highlighting our product offerings."
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% 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 axis solar trackers to mount solar panels for
the 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 23 patents and has 23 more patents pending. 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.
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.
Poet Technologies, Inc. (TSXV:OPL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Poet Technologies, Inc. (TSXV:OPL)
Historical Stock Chart
From Nov 2023 to Nov 2024