OPL Poet Technologies, Inc.

OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or "the Company")
today announced that it continues the review and assessment of the OPEL Solar
Division. This week OPEL completed a staff reduction in the solar business as it
continues to aggressively reduce costs. 


Strategic Direction 

As was previously reported on June 11, 2012, a core component of the Company's
strategy going forward is to continue to develop the POET platform. POET enables
monolithic fabrication of integrated circuit gallium arsenide devices containing
both electronic and optical elements on a single wafer. Dr. Geoff Taylor, the
Company's Chief Scientist, and his team have developed the technology over the
past 18 years. The Company has 37 patents issued and 13 patents pending in both
its PV systems and for its semiconductor POET process. The Company continues to
progress work with a third party in the validation of the technology as can be
seen in the press release dated June 14, 2011. 


Special Committees of the Board of Directors 

In support of the strategic direction, two special committees have been
established by the OPEL's Board of Directors. The first committee will explore
the divestiture of OPEL's Solar Division to interested parties now engaged in
talks with the Company. The second committee's charter is to drive the
monetization efforts of the POET platform technology of OPEL's ODIS Division 


Annual General Meeting 

The Annual General Meeting ("AGM") is scheduled for Tuesday, August 21, 2012 at
the Nathan Hale Inn in Storrs, Connecticut. The Record Date for Voting and
Receiving Notice of the AGM has been set at July 17, 2012. The Company
anticipates that Proxy Material will be mailed to Shareholders on or about July
24, 2012. 


The decision to hold the AGM at Storrs was made to allow the Company to provide
shareholders with a tour of the ODIS facility and further reinforces the stated
objective to drive monetization efforts of the POET platform. We welcome the
opportunity to showcase the intricacy of this breakthrough technology to all
shareholders. 


Leon M. Pierhal, the President & CEO of OPEL, Mark Benadiba, Executive Chairman
of the Board, Peter Copetti, Executive Director, and Dr. Samuel Peralta and John
F. O'Donnell, Board Directors, will be standing for election as Directors of the
Company.


About OPEL Technologies Inc. 

With head office in Toronto, Ontario, Canada, and operations in Shelton, CT, 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; and through OPEL Solar, Inc.,
provides PV systems for energy applications. The Company has 37 patents issued
and 13 patents pending, primarily 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"
and on the OTCQX under the symbol OPELF. For more information please visit our
websites at www.opeltechinc.com; for OPEL Solar at www.opelsolar.com; and for
ODIS at www.odisinc.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary 

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward -looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning OPEL's anticipated operational plans and activities including the
revenue and growth outlook. Specifically, they include OPEL's statement that
"The first committee will explore the divestiture of OPEL's Solar Division to
interested parties now engaged in talks with the Company. The second committee's
charter is to drive the monetization efforts of the POET platform technology of
OPEL's ODIS Division" 


Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect. Assumptions have been made regarding, among other things,
management's expectations regarding future growth, plans for and completion of
projects by OPEL's third party relationships, availability of capital, and the
necessity to incur capital and other expenditures. Actual results could differ
materially due to a number of factors, including, without limitation,
operational risks in the completion of OPEL's anticipated projects, delays or
changes in plans with respect to the development of OPEL's anticipated projects
by OPEL's third party relationships, risks affecting OPEL's ability to execute
projects and market its solar division, risks inherent in operating in foreign
jurisdictions, the ability to attract key personnel, and the inability to raise
additional capital. No assurances can be given that the special committee's
efforts will result in a sale of the OPEL Solar Division. Additional assumptions
and risks are set out in detail in OPEL's Annual Information Form, available on
SEDAR at www.sedar.com. 


Although OPEL believes that the expectations reflected in the forward-looking
information or statements are reasonable, prospective investors in OPEL's
securities should not place undue reliance on forward-looking statements because
OPEL can provide no assurance that such expectations will prove to be correct.
Forward-looking information and statements contained in this news release are as
of the date of this news release and OPEL assumes no obligation to update or
revise this forward-looking information and statements except as required by
law.

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