OPEL Technologies Inc. Announces Capital Raise

OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL") has announced a
financing with IBK Capital Corp. ("IBK"), whereby IBK will act as agent on a
best efforts basis, to conduct a private placement offering of up to 11,000,000
Units at a price of C$0.50 per unit for proceeds of up to C$5,500,000. Each unit
consists of one common share and one common share purchase warrant. One full
warrant allows the holder to acquire one common share of OPEL for a period of
two years at an exercise price of C$0.75 per share. The private placement is
conditionally upon acceptance by the TSX Venture Exchange. The securities issued
pursuant to the private placement will be subject to a hold period which expires
four months and one day following closing. 


The raise is expected to be closed on or before February 5, 2013. The Company
will pay a cash commission of 7% of the funds raised and 10% of the units raised
in the form of broker warrants. Each broker warrant allows the holder to acquire
one common share of OPEL at a price of C$0.50 for 36 months after the closing
date. 


The Board launches the private placement at this time in order to secure the
remaining capital required to procure $1.3M of capital equipment, fund ODIS's
internal and third party development efforts leading to the completion of the
milestones which will enable OPEL to achieve its strategy of the monetization of
the POET Technology. 


The Company also announced today the grant of an additional incentive stock
option under its stock option plan, to an officer of the Company, to purchase up
to an aggregate of 50,000 common shares. The stock option is exercisable at a
price of CA$0.53 per share expiring January 17, 2018. The options will vest and
be exercisable on the basis of 100% on January 17, 2014. There are currently
17,652,750 options outstanding and 117,257,900 shares outstanding.


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 34 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
OPEL Technologies Inc.
Patricia Venneri Agudow
Vice President, Public Relations
[phone] Ext. 2612
[e-mail]
www.opeltechinc.com