OPEL Solar, Inc. Receives 2010 Connecticut Green Business Award for Solar Innovation
February 25 2010 - 10:00AM
Marketwired
OPEL Solar, Inc., a leading global developer and supplier of high
concentration photovoltaic ("HCPV") solar panels and other solar
products, including ground-based and rooftop tracker systems, was
honored yesterday evening receiving a 2010 Connecticut Green
Business Award. The Award recognizes OPEL Solar's contributions to
driving Connecticut's green economy revolution with its advanced
solar HCPV technology, its unique solar tracker systems, and the
green jobs created by OPEL Solar in the State of Connecticut. OPEL
Solar was one of 25 companies awarded.
The award reception was held at The Yale School of Forestry
& Environmental Studies Kroon Hall, itself a showcase green
building. The awards were selected by Business New Haven &
CONNTACT.com. The ceremony was hosted by Daniel C. Esty, Director
of the Yale Center for Environmental Law and Policy. Accepting the
award was Robert Pico, CEO of OPEL Solar, Inc.
"It is my privilege to accept this award on behalf of the OPEL
Solar Team," said Pico. "We are proud of our successes using the
HCPV technology and are encouraged that we have and can continue to
bring green jobs to Connecticut."
The Honorable Congressman Jim Himes congratulated OPEL Solar's
achievement in a letter in which he continues to support the
Company's accomplishments as well as the advancement of solar
energy and growing the green economy.
Regionally, in March of 2009, OPEL Solar completed the first
solar rooftop tracking system for the Linden Elementary School in
Plainville, Connecticut. For this project, OPEL Solar won grants
from the Connecticut Clean Energy Fund and from the US Treasury
Grant Program created by the American Recovery and Reinvestment
Act. OPEL Solar's recent international achievements include the
successful completion of one of the first commercial HCPV
installations generating electricity in Spain using OPEL Solar's
HCPV panels and dual axis solar trackers.
OPEL Solar's leading edge solar installations are built using
its Mk-I high concentration panels (HCPVs) mounted on dual axis
trackers. The combination of OPEL's HCPV panels and precision dual
axis trackers results in a higher power production per unit of land
(acre/hectare) than silicon or thin film flat panels with a
potential to increase photovoltaic yields by up to 40 percent.
About OPEL Solar, Inc. and OPEL International Inc.
With operations headquartered in Shelton, CT and Toronto,
Ontario, Canada, OPEL Solar, Inc. designs, manufactures and markets
high performance concentrating photovoltaic ("HCPV") panels to
transform solar energy into electricity for worldwide application.
OPEL Solar's high performance photovoltaic concentrating panels
generate up to 40 percent more kilowatt-hours than conventional
flat plate silicon solar panels, resulting in more cost-effective
electricity generated from the sun. OPEL Solar also markets a
complete line of dual and single axis solar trackers to mount solar
panels for 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 39 patents and has 12 more patents
pending. OPEL's common shares trade on the TSX Venture Exchange
under the symbol "OPL". For more information about OPEL Solar,
Inc., please visit the Company's website at www.opelinc.com. OPEL
Solar, Inc. is a subsidiary of OPEL International Inc. (TSX
VENTURE: OPL).
Dated: February 25, 2010
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 Solar, Inc. Pat V. Agudow Vice President, Public
Relations (203) 612-2366 Ext 2612 p.agudow@opelinc.com WT Blase
& Associates, Inc. Bill Blase, Cathy Loos, or Stephanie Kuffner
Media Relations (212) 221-1079 solar@wtblase.com
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