OPEL Marks a Milestone with its Largest Tracker Order for the TF-800 Series
SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - OPEL Solar, Inc. and OPEL Technologies Inc. (TSX VENTURE:OPL) (collectively "OPEL" or "the Company"), a leading global supplier of solar tracker systems and high concentration photovoltaic ("HCPV") solar panels and a semiconductor device and process developer, announced today that it has completed delivery of 4.6 Megawatts ("MW") of its TF-850 market leading solar trackers to Global Energy Service U.S.A. ("GES"). This is OPEL's largest order in its history, furthering OPEL's sales progress. The trackers were chosen for two solar fields being built by GES in California. GES specializes in full service solar projects, providing engineering, site preparation and site construction.
The first field delivery was completed in September for a 2.32 MW installation in Palmdale, California; the second project is located at 29 Palms, California, and delivery of OPEL's trackers was completed recently for an additional 2.27 MW solar field. GES has been the EPC ('engineering, procurement, and construction") company for these two projects being developed by Gestamp Solar, a leading developer of utility scale solar projects headquartered in Madrid, Spain.
"OPEL Solar is experiencing increasing success with the TF-800 series of tracker products," said Leon M. Pierhal, CEO of OPEL Technologies Inc. "This is evidenced by GES and Gestamp choosing OPEL's tracking systems for these two large scale solar fields, making these orders the largest in our Company's history and strongly contributing to our revenue. The strategy to emphasize our solar tracker line of products was discussed at the Annual General Meeting in June. Solar contractors and developers are using our market leading single axis tracker because it has a vast number of key unique features that enhance energy production and lower expense of solar fields."
In the single axis tracker market, OPEL will provide the TF-800 series of ground-mounted trackers that have proven to be very attractive commercially. This is because of the unique product features and ease of installation and their reverse tracking ability to avoid shadowing from adjacent trackers. The versatility of the OPEL solar trackers allows the use of any solar panel technology currently being deployed on commercial and utility scale projects, making it solar panel indifferent and an ideal selection of most solar generation installations. The features of the TF-800 tracker also favorably impact the installation as well as the operation and maintenance system ("O&M") of a solar power plant. This tracker can be assembled by two people using just basic hand tools. The wireless tracker network control technology incorporated into OPEL's TF-800 solar tracker product line helps lower the upfront construction costs while allowing tracker level monitoring. A solar generation plant owner is able to monitor the solar field remotely, including modifying the position of any one or all of the trackers in an installation. This capability reduces installation costs and O&M expenses, increases efficiency and helps maintain optimal performance.
About Global Energy Services U.S. (GES)
GLOBAL ENERGY SERVICES (GES) is the leading independent services provider for the renewable energy industry. Since it was founded in 1982 it has played an active part in the evolution of the energy sector, and it now stands out as a leading solar EPC and O&M provider. The company has a workforce of over 4,500 people, one of the biggest and most highly qualified in the clean energies field.
GES specializes in Life-Cycle services including Feasibility Planning, Detailed Engineering at all phases of a project, Pre-construction Planning and Constructability Review, Construction, Procurement, Assembly, Start-up and Commissioning Operations and Maintenance. GES' model fits perfectly with each developer's strategy, providing not only best practices and quality construction, but also operation and maintenance, easing the warranty period of the installations.
Since 2004 GES has consolidated its market presence and has become one of the largest solar services suppliers in the world. GES is pursuing an aggressive growth strategy through expanding partnerships with energy firms. Capitalizing on almost 30 years of experience and operations in America, Europe and North Africa, GES is positioned to deliver rapid, efficient and customized solutions for their clients.
A commitment to the highest standards of training and an unmatched health and safety culture ensures that GES projects are completed on-time and on-budget.
For more information, please visit the website at www.ges-usa.com.
About Gestamp Solar
Gestamp Solar, photovoltaic energy subsidiary of Gestamp Renewables, specializes in the development, construction and operation of solar farms in USA, India, South Africa, Italy, France and Spain. It has participated to date in over 400 MW of PV systems.
About Gestamp Renewables and Corporacion Gestamp
Corporacion Gestamp, parent company of Gestamp Renewables, is a multinational leader in Europe in the steel sector, automotive components and renewable energy. It is currently present in 25 countries in Europe, America and Asia, with 118 industrial plants and a global workforce of 30,000 employees. Corporacion Gestamp will end 2011 with a turnover of 7,000 million Euros.
Gestamp Renewables (www.gestampren.com), a division of Corporacion Gestamp, is an industrial operator and supplier of components in the field of renewable energies with a single integrated business model, with presence across the whole value chain, from manufacturing and components supply, promotion, construction, maintenance, operation and development of wind, solar and biomass energy projects.
Gestamp Renewables integrates three lines of activity in Corporacion Gestamp's renewable energies: Gestamp Solar, Gestamp Wind and Gestamp Biomass. With a clear commitment to international growth, it is currently present in Europe, U.S., Latin America, Brazil, India, Turkey and South Africa.
About OPEL Technologies Inc., OPEL Solar, Inc. and ODIS Inc.
With operations in Shelton, CT and head office in Toronto, Ontario, Canada, the Company, through OPEL Solar, Inc., designs, manufactures and markets dual- and single-axis trackers and high-concentration photovoltaic panels for related CPV and PV systems for energy applications worldwide. 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. The Company has 35 patents issued and 16 patents pending in PV systems technologies and for its semiconductor POET process. The POET process 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". For more information about OPEL, please visit our websites at www.opelsolar.com; and www.opeltechinc.com; and for ODIS at www.odisinc.com.