SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - Feb. 28, 2012) - OPEL Technologies Inc. (TSX VENTURE:OPL) and OPEL Solar Inc. (collectively "OPEL" or "the Company"), a leading global supplier of solar tracker systems and other solar related products, and a semiconductor device and process developer, announced that it has been selected for the second time as a member of the "2012 TSX Venture 50", a ranking of strong performing companies listed on TSX Venture Exchange.
The 2012 TSX Venture 50 is comprised of ten companies from each of five sectors: Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences. The 50 companies were chosen based on the following criteria, with equal weighting assigned to each: share price appreciation, trading volume, market capitalization growth and analyst coverage.
"As a technology Company that consistently advances its solar and semiconductor businesses, OPEL is proud to again be a member of this elite group of companies on the TSX Venture Exchange," said Leon M. Pierhal, CEO of OPEL Technologies. "Capitalizing on innovation and new market opportunities for solar technology and our state of the art semiconductor POET process continues to drive our success at OPEL. We look forward to persistently growing our offerings."
In a summary statement, Mr. Pierhal added, "As technological strides and economic developments in both businesses continue to be achieved, we will proceed to quantify and verify each breakthrough or event. Once we are able to do so, we will disseminate the material information on a timely basis."
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 other solar related products for 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 .
ON BEHALF OF THE BOARD OF DIRECTORS:
Michel Lafrance, Secretary
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.