In addition to providing shareholders with an update on its core solar business, the Company will be making a presentation at the Meeting on its affiliated company ODIS Inc. ("ODIS") which was named for OPEL Defense Integrated Systems.
Shelton, CT and Toronto, ON, June 3, 2010 - OPEL International Inc. (TSX-V: OPL) ("OPEL" or "the Company"), a leading global supplier of high concentration photovoltaic ("HCPV") solar panels and trackers, previously announced its annual and special meeting of shareholders to be held in Toronto on June 18, 2010 ("the Meeting"). In addition to providing shareholders with an update on its core solar business, the Company will be making a presentation at the Meeting on its affiliated company ODIS Inc. ("ODIS") which was named for OPEL Defense Integrated Systems. The Company wishes to also showcase ODIS and the research and development of its main product focused on the general purpose server, desktop and laptop microprocessor manufacturers for consumer applications so that shareholders will have a better understanding of the business and huge potential of ODIS. Shareholders are generally aware that the Company is gaining market share in the solar energy arena with its advanced solar technologies, however the Company believes it can broaden the shareholders' understanding of the entire line of its product offerings by exhibiting ODIS's signature product at the Meeting.
The Company's focus is to continue its efforts to grow the Company to its next level of success, to build on the strong foundation already in place, to provide increased brand recognition and to increase investor awareness, all for the purpose of creating added shareholder value. The Company's business outlook continues to be extremely positive.
About OPEL International, OPEL Solar, Inc. and ODIS, Inc.
With OPEL Solar, Inc. operations headquartered in Shelton, CT and the headquarters office in 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 cost effective electricity generated from the sun. OPEL also markets a complete line of utility scale dual and single axis solar tracker systems and unique light weight rooftop tracker systems.
A leader in gallium arsenide and solar concentrating photovoltaic technology, the Company has been awarded 32 patents and has 18 more patents pending. A significant number of the patents relate the Company's solar product offering, while the others are related to ODIS' POET related products.
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.
ODIS Inc. is a Delaware Corporation headquartered in Shelton, Connecticut with offices in Rhode Island and its Research and Development facilities located on the campus of the University of Connecticut. ODIS designs communications transceivers, optoelectronic integrated platforms and infrared sensor type products for military, consumer, industrial and commercial applications.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
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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.