OPEL Technologies selects investment bank for ODIS affiliate

SHELTON, USA & TORONTO, CANADA: OPEL Technologies Inc., a leading global supplier of high concentration photovoltaic solar panels, solar tracker systems and semiconductor device and process developer, announced that the company has selected GrowthPoint Technology Partners as advisors to the company.

GrowthPoint will assist the company in identifying and evaluating strategic options for the value optimization of ODIS' proprietary Planar Optoelectronic Technology semiconductor process. These options may potentially include the full or partial sale of the technology, as outlined in a previous announcement regarding the valuation of POET.

"We were impressed with GrowthPoint's outstanding track record of guidance provided to other semiconductor, defense and cleantech firms," noted Leon M. Pierhal, CEO of OPEL Technologies. "We are pleased to have GrowthPoint on board in this strategic advisory role to assist in optimizing and monetizing the shareholder value of the POET intellectual property portfolio."

POET is a semiconductor fabrication process which enables the monolithic fabrication of integrated circuits containing both electronic and optical elements. This III-V process, developed via OPEL's US affiliate ODIS Inc. and covered by numerous patents and patents pending, makes possible economic production of fully-integrated optoelectronic semiconductor devices with higher speeds and reduced power consumption compared to conventional silicon-based devices.

Based upon the advantages POET presents, a number of US Government Departments and Agencies are developing specific devices using the POET platform, including imaging sensors and ultra-low-power random access memory. These advances highlight POET's potential to address high-speed and low-power applications for commercial and consumer applications, included servers, tablet computers and smartphones. Recently, the POET technology was independently validated by BAE Systems, in their fabrication facility, when working transistors were created using the POET platform.

OPEL will continue to provide updates as new information becomes available, pursuant to full disclosure requirements.