OPEL Technologies Inc. Appoints New Directors

OPEL Technologies Inc. Appoints New Directors 
TORONTO, ONTARIO and STORRS, CONNECTICUT -- (Marketwired) -- 04/02/13
-- OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or
"the Company") would like to welcome Dr. Adam Chowaniec and Dr. Geoff
Taylor who were appointed to the Board of Directors of the Company,
following an increase in the number of directors from 6 to 8 to allow
for their appointment. 
Dr. Chowaniec was previously the founding Chief Executive Officer
(CEO) and Chairman of Tundra Semiconductor (acquired by Integrated
Device Technology), Chairman of Zarlink (acquired by Microsemi), and
Chairman of Bel Air Networks (acquired by Ericsson). Previously, he
was President and CEO of Calmos Systems, acquired by Newbridge
Networks and renamed Newbridge Microsystems, where he served as
President and as a Vice President of Newbridge Networks. He has also
served on the boards of SiberCore Technologies, Liquid Computing,
Microbridge, GEAC and Amiga. He currently serves on the boards of
Solantro Semiconductor. Dr. Chowaniec holds an M.Sc. in Electrical
Engineering from Queen's University, as well as both a B.Sc. and a
Ph.D. from the University of Sheffield. In 2010, he was recognized by
the California Computer Museum as one of the founding fathers of the
personal computer.  
"We are extremely pleased to have Dr. Chowaniec onside," noted Peter
Copetti, Executive Director of OPEL. "His reputation and industry
standing enhance the Board's strategy to magnify the value of OPEL's
semiconductor technology." Mr. Copetti added: "The Board is also
pleased to align itself with the vision of Dr. Taylor, recognizing
his role as the primary architect of our technology platform." 
Dr. Taylor is Chief Scientist at OPEL and has led development of the
Planar Optoelectronic Technology (POET) platform over the past two
decades, directing a focused team at the ODIS subsidiary of OPEL. Dr.
Taylor possesses an extraordinary technical background made-up of 30
years of design and development experience in electronic and optical
device physics, circuit design, opto-electronic technology, materials
and applications. He is concurrently a Professor of Electrical
Engineering and Photonics at the University of Connecticut and is
responsible for ODIS' development efforts at the gallium arsenide
(GaAs) growth and fabrication facility. With over 150 papers in the
world's most respected journals, and dozens of patents, Dr. Taylor is
widely regarded as the world's leading authority on GaAs solid-state
physics, III-V opto-technology, as well as the pioneer in the
development of monolithic integrated opto-electronic circuits. 
Previously, Dr. Taylor served as a Distinguished Member of the
technical staff at AT&T Bell Labs, developing inversion channel
technology for III-V materials. At Honeywell and Texas Instruments he
helped to develop critical optical technology for the Jupiter Orbital
Probe as well as the development of key circuits and devices for
very-large-scale-integrated (VLSI) chips. Dr. Taylor holds a Ph.D. in
Electrical Engineering and an M.A.Sc. in Electrical Engineering from
the University of Toronto and a B.Sc. in Electrical Engineering from
Queen's University. 
A core component of the OPEL's forward strategy is to continue
optimization of the POET platform, which enables monolithic
fabrication of integrated circuit GaAs devices containing both
electronic and optical elements on a single wafer.  
By enabling increased speed, density, reliability, power efficiency,
and much lower bill-of-materials and assembly costs, POET provides a
new technology direction and opportunity for the semiconductor
industry. POET will allow continued advances of semiconductor device
performance and capabilities for many years, overcoming the current
power and speed bottlenecks of silicon-based circuits, and will
change the future development roadmaps of a broad range of
semiconductor applications including mobile devices, computer
servers, storage arrays, imaging equipment, networking equipment,
transportation systems, and test and measurement instruments. 
Dr. Chowaniec and Dr. Taylor were each granted stock options to
purchase 500,000 shares, at an exercise price of $0.XX per share,
expiring on April 2nd, 2018. The price was determined as the closing
trading price on the TSX Venture Exchange on the previous trading day
being April 1st, 2013. The options vest 25% immediately and 25% every
six months thereafter, and are dependent on the approval of the
amended Stock Option Plan by the TSX Venture Exchange ("TSXV") and by
the shareholders at the Company's upcoming AGM on June 21, 2013. 
About OPEL Technologies Inc. and ODIS Inc. 
With head office in Toronto, Ontario, Canada, and operations in
Storrs, CT, 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; and through OPEL Solar, Inc., provided systems
for energy applications. The Company has 32 patents issued and 6
patents pending, primarily for its semiconductor POET process, which
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 please
visit our websites at www.opeltechinc.com and for ODIS at
www.odisinc.com. 
ON BEHALF OF THE BOARD OF DIRECTORS 
Michel Lafrance, Secretary 
This news release contains "forward-looking information" (within the
meaning of applicable Canadian securities laws) and "forward-looking
statements" (within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995). Such statements or information are
identified with words such as "anticipate", "believe", "expect",
"plan", "intend", "potential", "estimate", "propose", "project",
"outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among
others, those concerning OPEL's anticipated operational plans and
activities including the revenue and growth outlook. Specifically,
they include OPEL's statement that "By enabling increased speed,
density, reliability, power efficiency, and much lower
bill-of-materials and assembly costs, POET provides a new technology
direction and opportunity for the semiconductor industry. POET will
allow continued advances of semiconductor device performance and
capabilities for many years, overcoming the current power and speed
bottlenecks of silicon-based circuits, and will change the future
development roadmaps of a broad range of semiconductor applications
including mobile devices, computer servers, storage arrays, imaging
equipment, networking equipment, transportation systems, and test and
measurement instruments."  
Such forward-looking information or statements are based on a number
of risks, uncertainties and assumptions which may cause actual
results or other expectations to differ materially from those
anticipated and which may prove to be incorrect. Assumptions have
been made regarding, among other things, management's expectations
regarding future growth, plans for and completion of projects by
OPEL's third party relationships, availability of capital, and the
necessity to incur capital and other expenditures. Actual results
could differ materially due to a number of factors, including,
without limitation, operational risks in the completion of OPEL's
anticipated projects, delays or changes in plans with respect to the
development of OPEL's anticipated projects by OPEL's third party
relationships, risks affecting OPEL's ability to execute projects and
market its solar division, risks inherent in operating in foreign
jurisdictions, the ability to attract key personnel, and the
inability to raise additional capital. No assurances can be given
that the special committee's efforts will result in a sale of the
OPEL Solar Division. Additional assumptions and risks are set out in
detail in OPEL's Annual Information Form, available on SEDAR at
www.sedar.com. 
Although OPEL believes that the expectations reflected in the
forward-looking information or statements are reasonable, prospective
investors in OPEL's securities should not place undue reliance on
forward-looking statements because OPEL can provide no assurance that
such expectations will prove to be correct. Forward-looking
information and statements contained in this news release are as of
the date of this news release and OPEL assumes no obligation to
update or revise this forward-looking information and statements
except as required by law. 
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. 
Contacts:
OPEL Technologies Inc.
Patricia Venneri Agudow
Vice President, Public Relations
+1 (203) 612-2366 Ext. 2612
p.agudow@opelinc.com
www.opeltechinc.com
 
 
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