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OPEL Installs 9.5 kW Solar System Nov 20, 2008 3:49:00 PM SHELTON, CONNECTICUT and TORONTO, ONTARIO -- (MARKET WIRE) -- 11/20/08 -- 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.
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, 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 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. Contacts: |
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