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OPEL's Mk-I will now ship bearing the CE label indicating compliance with European market requirements, meeting the quality standard for PV products and other solar equipment in European markets. The CE certification of OPEL's Mk-I product will allow OPEL's customers to apply for permits and feed-in-tariff contracts, thereby accelerating the deployment of their planned installations.
In addition, with CE qualification completed, a number of market opportunities are now open for OPEL's Mk-I HCPV panels in other markets that use European standards as guidelines for their own installations.
"With this CE Qualification, we have achieved a very ambitious milestone that we set for ourselves earlier in the year, and done so ahead of schedule," said Dr Javier Berrios, OPEL's Vice President of Engineering. "I can't be more pleased with our Qualification and the performance of the high efficiency Mk-I HCPV panel. Most importantly, our customers in Europe, Asia and the Mid-East will now receive Mk-I HCPV panels with CE labels for their applications."
The Mk-I concentrates light more than 600 times and has one of the highest efficiencies of concentrators in commercial production today. The Mk-I was shipped to customers in the Czech Republic, France, Spain, Korea and the United States, for large scale solar grid field applications.
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. Michael McCoy Chief Financial Officer (203) 612-2366 Ext 2229 Email: m.mccoy@opelinc.com OPEL International Inc. Philip Koven Investor Relations (416) 447-4740 Ext 235 Email: invest@opelinc.com Website: www.opelinc.com
SOURCE: OPEL International Inc.
mailto:m.mccoy@opelinc.com mailto:invest@opelinc.com http://www.opelinc.com
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