Shelton, CT and Toronto, ON, October 2, 2012 – OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”) is pleased to give investors an update on the work of the previously announced special committees of the Board of Directors established to investigate the divestiture of the solar operations and to drive the monetization efforts of the POET platform technology of OPEL’s ODIS Division.
We continue to work with NSM (“Northern States Metals”) to conclude the Agreement with them involving the sale of certain solar assets announced by the Company on August 30, 2012. To that end, both companies have agreed to extend the exclusivity period provided for in the Agreement until October 12, 2012. [Read More]
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