Supports United States and Canadian Local Content Requirements
Shelton, CT and Toronto, ON, April 28, 2010 - OPEL Solar, Inc., a leading global developer and
Company officials said that manufacturing in both Canada and the United States exemplifies OPEL
Solar's innovative abilities to help its customers apply for the solar incentives available that require Ontario or U.S. job content for some portion of a project. For example, with the Ontario feed-in tariff recently implemented, OPEL Solar is compliant and is ready to start on utility scale projects with primary suppliers aligned.
"The manufacture of OPEL Solar's products in North America creates jobs and brings the ‘green
economy' to life," said Francisco Middleton, COO of OPEL Solar, Inc. "With so many industries declining recently, solar power represents a bright spot with potential for significant growth for many years to come. OPEL Solar has been responsive to our customers and the solar market by being agile
and ready for local content requirements that benefit economies," Middleton added.
"On the ‘Greening of North America,' we at OPEL Solar are very happy to work with local suppliers to
provide for in-country manufacturing content," said Ed Linke, Director of Mechanical Engineering for
OPEL Solar, Inc. "Working with a local company has many advantages, especially for the development
and manufacturing of our products. We have challenged each supplier on price, quality, and delivery; and they are meeting that challenge."
OPEL Solar is qualifying U.S. manufacturers in nine states across the country. In Canada, the Company is ready with a number of suppliers in the Toronto area.
About OPEL Solar, Inc. and OPEL International Inc.
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 commercial application. OPEL's high performance photovoltaic concentrating panels generate up to 40 percent more kilowatt-hours than conventional flat plate silicon or thin film solar panels, resulting in more cost-effective electricity generated from the sun. OPEL also markets a complete line of precision dual and single axis solar trackers to mount solar
panels for optimum power output. OPEL also designs infrared sensor type products for military and
A leader in gallium arsenide and solar concentrating photovoltaic technology, the Company has been awarded 32 patents and has 18 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-V: OPL).
Dated: April 28, 2010
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
For further information:
Pat V. Agudow, Vice President, Public Relations, OPEL Solar, Inc., Tel: (203) 612-2366 Ext 2612, Email:email@example.com
Bill Blase or Stephanie Kuffner, Media Relations, WT Blase & Associates, Inc., Tel: (212) 221-1079, Email: firstname.lastname@example.org
The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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.