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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 Inc.-Director Resignation

09/02/2012 7:32pm

Marketwired Canada


OPEL Technologies Inc. ("OTI") (TSX VENTURE:OPL) and OPEL Solar Inc. ("OSI")
(collectively "OPEL" or "the Company"), a leading global supplier of solar
tracker systems and other solar related products, and a semiconductor device and
process developer, announced today the resignation of Dr. Samuel Peralta from
the Board of Directors. Dr. Peralta advised the Company that he has had to take
on expanded responsibilities on the Boards of other companies, which
responsibilities are incompatible with remaining on the Board of OPEL. Dr.
Peralta has served on the Board of Directors of OTI since 2007 and of OSI since
2005. He has also served the Company as Chairman of Corporate Governance
Committee since June 2008. We wish Sam well in his future endeavors. 


In his letter of resignation, Dr. Peralta stated, "For the record, my confidence
remains unshaken in the abilities of POET's core team, and in the potential of
OPEL's POET platform to make significant inroads in integrated systems. I wish
OPEL success in this pursuit."


Management and the Board are reviewing potential candidates to fill the vacancy
created by Dr. Peralta's resignation, and the Board will be announcing its
decision next week. 


About OPEL Technologies Inc., OPEL Solar, Inc. and ODIS Inc.

With operations in Shelton, CT and head office in Toronto, Ontario, Canada, the
Company, through OPEL Solar, Inc., designs, manufactures and markets dual- and
single-axis trackers and other solar related products for CPV and PV systems for
energy applications worldwide. 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 35 patents issued and 16 patents pending in PV systems
technologies and for its semiconductor POET process. The POET process 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
about OPEL, please visit our websites at www.opelsolar.com; and
www.opeltechinc.com; and for ODIS at www.odisinc.com.


Dated: February 9, 2012

ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary

1 Year Poet Technologies, Inc. Chart

1 Year Poet Technologies, Inc. Chart

1 Month Poet Technologies, Inc. Chart

1 Month Poet Technologies, Inc. Chart

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