OPEL Technologies Inc. Changes Name to POET Technologies Inc.

OPEL Technologies Inc. (TSX VENTURE:OPL) (OTCQX:OPELF) ("OPEL" or "the
Company"), announces that it has filed Articles of Amendments under the Business
Corporation Act (Ontario) dated July 23, 2013, thereby changing its name to POET
Technologies Inc. There is no consolidation of capital and no exchange of shares
is required.


Trading under new name - It is anticipated that trading on the TSX Venture
Exchange under the new name will commence on July 25, 2013, subject to
confirmation by TSX Venture Exchange bulletin. The Stock Symbol "OPL" will
change to "PTK" and the CUSIP and ISIN numbers have been changed to 73044W104
and CA 73044W1041 respectively. The Stock Symbol for trading in the U.S. on the
OTCQX has changed from "OPELF" to "POETF".


Purpose - The purpose of the name change is to better reflect the Company's
business and highlight the POET platform. "The name change to POET Technologies
exemplifies the scope of the Company's current focus and is consistent with
Management's efforts to monetize the POET technology and provide added value for
shareholders," said Executive Director, Peter Copetti.


Semiconductor Technology - The POET (Planar Opto Electronic Technology) Platform
is a patented semiconductor fabrication process that uses gallium arsenide
technology to combine electronic and optical elements on a single integrated
circuit, intended to enable semiconductor manufacturers to make microchips that
are far faster and more energy efficient than current silicon devices, and far
less expensive to produce.


Website - In conjunction with the name change, the Company is redesigning its
website and has changed the domain name. The new website at
www.poet-technologies.com is expected to go live on Friday, July 26, 2013.


About OPEL Technologies Inc.

OPEL is the developer of the POET platform for monolithic fabrication of
integrated circuit devices containing both electronic and optical elements on a
single semiconductor wafer. 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. 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 currently trade
on the TSX Venture Exchange under the symbol "OPL" and on the OTCQX under the
symbol "POETF". For more information please visit our website at
www.poet-technologies.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Grayling
Christopher Chu
[phone]
[e-mail]