OPEL Installs 9.5 kW Solar System

Nov 20, 2008 3:49:00 PM

SHELTON, CONNECTICUT and TORONTO, ONTARIO -- (MARKET WIRE) -- 11/20/08 -- OPEL International Inc. (TSX VENTURE: OPL) ("OPEL"), a leading global developer and supplier of concentrating photovoltaic panels (CPVs) and industrial solar systems, today announced it has installed and activated a 9.5 kW grid tied solar installation at The Sports Zone in Trumbull, CT.

The solar installation is a complete, turnkey system that features OPEL's Mk-I high concentration photovoltaic panels (HCPV), along with OPEL's Mk-III low concentration photovoltaic panels (LCPV); all are mounted on OPEL's SF-20 dual axis tracker systems.

ADVERTISEMENT
 
Related Quotes
  Last Change % Change
CA;OPL
N/A
N/A N/A

OPEL's Mk-I HCPV panels concentrate the light from the sun more than 500 times and have conversion efficiencies up to twice that of conventional silicon solar panels and more than three times that of thin film solar panels.

OPEL's solar trackers can be used in conjunction with both concentrating panels, as well as with conventional silicon ones. When these trackers are used in conjunction with conventional silicon panels, the resulting electricity generation can be increased by as much as 40% with respect to conventional fixed panel installations.

In commenting on the announcement, Robert Malton, Manager, Business Development for OPEL International, noted that, "OPEL is in the position to be the first solar manufacturer to provide the State of Connecticut with a fully-operational solar site using OPEL's unique tracker mounted system design. This is also the first commercial solar installation in the Town of Trumbull and will help them to meet their alternative energy goals."

Malton added, "A sun tracker mounted system captures significantly more solar energy because the solar panels can follow the sun's path throughout the day versus remain fixed horizontally. Therefore, this installation will allow The Sports Zone to reduce its electric bill by approximately 30 percent through the use of a totally Green source, and OPEL's products will make a huge impact on their utility needs over the next 20 years. For OPEL, we have an operational site generating electric power that we can bring customers and investors to see, highlighting our product offerings."

About OPEL International

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 application. Opel's high performance photovoltaic concentrating panels generate up to 40% more kilowatt-hours than conventional flat plate silicon solar panels, resulting in more cost effective electricity generated from the sun. Opel also markets a complete line of dual axis solar trackers to mount solar panels for the optimum power output. Opel also designs infrared sensor type products for military and industrial applications.

A leader in gallium arsenide and solar photovoltaic technology, the Company has been awarded 23 patents and has 23 more patents pending. 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.

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

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.





The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
OPEL International Inc.
Pat V. Agudow
Vice President, Administration
(203) 612-2366 Ext 2612
Email: p.agudow@opelinc.com

OPEL International Inc.
Philip Koven
Investor Relations
(416) 447-4740 Ext 235
Email: invest@opelinc.com
Website: www.opelinc.com


 
Related News
Nov 24/08 16:45
OPEL International Files 3rd Quarter Financials (CCN)
Nov 24/08 16:45
OPEL International Files 3rd Quarter Financials (MRW)
Nov 24/08 08:30
OPEL International Appoints VP of Administration & Policy Management (CCN)
Nov 24/08 08:30
OPEL International Appoints VP of Administration & Policy Management (MRW)
Nov 20/08 15:49
OPEL Installs 9.5 kW Solar System (CCN)

Business News
Jan 05/09 21:50
WCLC - PICK 3, and EXTRA winning number (CNW)
Jan 05/09 21:40
Ontario Lottery and Gaming Corporation - Lottery winning numbers (CNW)
Jan 05/09 21:39
EarthFirst Canada Inc. - Fourth Default Status Report (CNW)
Jan 05/09 21:04
Sport Select game information - Point Spread (CNW)
Jan 05/09 21:00
Sport Select game information - Pro-Line and Over/Under (CNW)
Jan 05/09 20:35
Media Advisory: Custody Hearing to Take Place for Charged Canadian Forces Member (CCN)
Jan 05/09 20:05
Ashburton Ventures Inc.: Completion of Qualifying Transaction and Brokered Private Placement (CCN)
Jan 05/09 19:58
Chalk Media Corp. Announces Mailing of Meeting Materials (MRW)
Jan 05/09 19:54
Chalk Media Corp. Announces Mailing of Meeting Materials (MRW)
Jan 05/09 19:54
Chalk Media Corp. Announces Mailing of Meeting Materials (CCN)
 

AlphaTrade.com   |   Advertise   |   Contact Us   |   Disclaimer   |   Legal   |   Privacy
Copyright © 2008 AlphaTrade.com. All rights reserved.
Quotes are delayed 15 minutes.