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OPL Poet Technologies, Inc.

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Share Name Share Symbol Market Type
Poet Technologies, Inc. TSXV:OPL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

OPEL Technologies Announces Departure of VP Patricia Agudow and Appointment of Grayling as Investor Relations Firm

11/04/2013 5:03pm

Marketwired Canada


OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or "the Company")
announces the resignation of Patricia V. Agudow, Vice President, Administration,
Public & Government Relations.


"Following the successful completion of OPEL's Solar Asset sale, the Company can
now focus on its emerging Planar Optoelectronic Technology (POET) platform. In
light of this, OPEL has accepted Pat's resignation. She has been a highly
esteemed member of the Company's executive team with responsibility for investor
relations. We would also like to thank her for her many contributions since
joining the Company in 2008. Most recently, Pat's work has been an important
factor in OPEL's ability to complete the asset sale of OPEL Solar which allows
OPEL's full attention to be focused on the development of the POET platform,"
said Lee M. Pierhal, OPEL's President and Chief Executive Officer. "We wish Pat
every success in her future endeavors as she pursues new professional
opportunities," concluded Mr. Pierhal.


OPEL also announces that it has retained Grayling Communications Limited
("Grayling"), a leading international strategic communications advisory firm, to
be its North American investor relations counsel. OPEL Executive Director Peter
Copetti commented, "We look forward to working with the Grayling team in
supporting and strengthening OPEL's financial community communications
activities. Grayling's track record of assisting successful financial
communications programs directly supports the overall execution and evolution of
our strategy as OPEL develops its Planar Optoelectronics Technology."


Erik Knettel, Senior Managing Director at Grayling New York, stated, "We are
delighted to have been chosen as investor relations counsel by OPEL Technologies
at this exciting juncture in its corporate history. OPEL's investment in IP and
future development of semi-conductor applications utilizing low wattage planar
optoelectronic technology has the potential to be utilized in next generation
micro processing applications."


Grayling is a leading international strategic communications advisory firm
focused in the areas of investor relations, public relations, government
relations, and events consultancy with specialist services including CSR,
environment and sustainability and digital. Grayling has over 1,000 staff in 70
offices in more than 40 countries across the United States, Western and Eastern
Europe, Africa and Asia Pacific.


By enabling increased speed, density, reliability, power efficiency, and much
lower bill-of-materials and assembly costs, OPEL's POET platform 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.


Grayling will be providing the investor relations services starting immediately
and services continue for one year or until either party notifies the other of
termination of the agreement with 60 days notice. Grayling will be paid $5,500
per month plus out-of-pocket expenses as required. Additional services will be
billed at Grayling's going rate. Grayling is completely at arm's length to the
Company and has no direct or indirect interest, and no intention to acquire any
interest, in the securities of OPEL. The appointment of Grayling is subject to
filing the appropriate documents with the TSX Venture Exchange ("TSXV") and the
acceptance of the filings by the TSXV.


About OPEL Technologies 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" and on the OTCQX under
the symbol "OPELF". 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. 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
OPEL Technologies Inc.
Christopher Chu
Grayling
(646) 284-9426
opel@grayling.com

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