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Abstract
SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - March 24, 2009) - OPEL International Inc. (TSX VENTURE:OPL) ("OPEL"), a leading global developer and supplier of high concentration photovoltaic ("HCPV") and other solar products, including ground-based and rooftop tracker systems, today announced the formation of OPL Solar Europe ("OSE") which is a limited liability company headquartered in Brussels, Belgium. OPL Solar is a fully-owned subsidiary of OPEL Inc. OSE opens a vital avenue to embed OPEL Inc. products into the solar markets and projects throughout Europe and the Mediterranean basin.
"We view the formation of OPL Solar Europe as key to our global strategy," said Robert Pico, CEO of OPEL International. "By its charter, OSE's mission encourages its subsidiary companies and solar developers to launch projects to build solar farms using OPEL technology and products." Pico added, "Europe has taken a leadership position in promoting solar power, and we are excited about the opportunity to sell our HCPV products and trackers into this marketplace through OPL Solar Europe."