OPEL International Appoints VP of Administration & Policy Management
November 24 2008 - 8:30AM
Marketwired
OPEL International Inc. (TSX VENTURE: OPL) ("OPEL" or "the
Company"), a leading global developer and supplier of high
concentration photovoltaic (HCPV) and other solar products, today
announced the appointment of Patricia V. Agudow as Vice President
of Administration & Policy Management. Patricia will be
responsible for OPEL's Corporate Governance Programs, Human
Resources, Contract Administration, Public Relations, and Policy
Management with Solar Industry Associations and Government bodies.
In commenting on the appointment, Robert Pico, OPEL's Chief
Executive Officer said: "Pat's broad experience in business
management will add greatly to the capabilities of our management
team. In particular, through her efforts with industry and
government organizations, we expect Pat to play an important role
in opening up opportunities for OPEL and the solar industry as a
whole."
Ms. Agudow comes to OPEL International with over 30 years
experience in business management, specializing in human resources
and corporate governance. She had a seven-year career with ITT
Corporation in both telecommunications and manufacturing divisions
- ITT Advanced Technology Center and ITT Flygt Corporation
respectively. Then Pat spent 13 years with General Reinsurance
Corporation where she held various senior management positions.
Most recently, Ms. Agudow was Vice President, Human Resources with
TranSwitch Corporation (NASDAQ: TXCC), where she built the human
resources function and was heavily involved with corporation
governance, equity programs, and mergers and acquisitions. Pat has
had extensive interaction at the Board of Director level for both
TranSwitch and General Reinsurance.
Ms. Agudow holds a BS Degree in Management and Industrial
Relations from the University of Bridgeport. She has also completed
executive business education at Babson College and Cornell
University. Pat is affiliated with numerous national management and
human resources professional associations and will build her
association memberships in the solar and renewable energy
industries.
As part of her compensation package, Ms. Agudow was granted
incentive Stock Options to purchase 110,000 shares of OPEL at
CA$0.13 per share expiring November 5th, 2013.
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.
Dated: November 24, 2008
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.
Contacts: OPEL International Inc. Pat V. Agudow Vice President,
Administration (203) 612-2366 Ext 2612 (203) 944-0800 (FAX) Email:
p.agudow@opelinc.com OPEL International Inc. Philip Koven Investor
Relations (416) 447-4740 Ext 235 Email: invest@opelinc.com Website:
www.opelinc.com
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