OPEL Technologies Inc. Establishes Special Strategic Committee Chaired by Executive Director Peter Copetti

OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or "the Company")
- the developer of the proprietary planar-optoelectronic technology (POET)
platform for monolithic fabrication of integrated electronic and optical devices
on a single semiconductor wafer - announced today the establishment of a special
committee of the Board of Directors.


This special committee, known as the Special Strategic Committee (SSC) has been
given the mandate to evaluate strategic alternatives in relation to the sale or
licensing of the Company's proprietary POET platform, to deliver recommendations
to the Board, and to carry out any selected transactions to completion as
confirmed by the Board. OPEL has not established a definitive timeline for SSC
review process but will be assessing all available alternatives over the next
few months. It is OPEL's current intension not to disclose developments with
respect to the process, unless and until the Board has approved a specific
transaction or otherwise determines that disclosure is necessary or appropriate.
The company cautions that there are no assurances or guarantees that the process
will result in a transaction.


On recommendation of its Corporate Governance and Nominating Committee, the
Board named Executive Director Peter Copetti to be the Chair of the SSC. Mr.
Copetti was also given the authority to assemble his own team of industry
experts, to be used in concert with the OPEL personnel he deems beneficial to
achieve the end goal of delivering on the mandate of the SSC. 


"Peter has been an invaluable asset to the Company since he joined OPEL," said
Mr. Mark Benadiba, Executive Chairman of the Board. "His tenacity of purpose and
vision has been the driving force behind the commercial focus of our POET
platform, the key to unlocking shareholder value. The Board supported the
appointment unanimously and without hesitation."


"I am pleased to be taking on this critical assignment at this crucial juncture
of the Company's evolution," said Mr. Copetti. "It is exciting to be able to
drive the commercialization of the POET Technology Platform with its clear
potential to impact the semiconductor industry, positively affecting the way
things will work on so many different levels for many years to come. My team and
I will consider all possible end solutions in order to unlock shareholder value.


The Company's proprietary POET platform enables monolithic fabrication of
integrated circuit gallium arsenide (GaAs) devices containing both electronic
and optical elements on a single wafer. 


By offering components with increased speed, density, reliability, and lower
costs, POET offers the semiconductor industry the ability to push Moore's Law to
the next cadence level, overcoming current silicon-based bottlenecks, and
potentially changing the roadmap for a broad range of applications, such as
smartphones, tablet and wearable computers. 


The POET platform is currently the basis for a number of key commercial and
military projects now in the delivery pipeline - including optical code division
multiple access (OCDMA) devices for avionics systems, combined RF/optical phased
arrays, optoelectronic directional couplers, and ultra-low-power random access
memory (RAM). 


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; 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 

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