16 May 2012

OPEL’s shares start trading in US on OTCQX International

OPEL Technologies Inc of Toronto, Ontario, Canada, which makes photovoltaic (PV) panels and solar tracker systems through its subsidiary OPEL Solar Inc and develops III-V semiconductor devices and processes through US affiliate OPEL Defense Integrated Systems (ODIS Inc) of Shelton, CT, USA, says that its common shares have begun trading in the USA on the OTCQX International under the symbol ‘OPELF’. The firm says that the listing gains it greater exposure and liquidity in the USA without the regulatory expense of traditional US listings.

“It has been a near-term strategy of the company to increase the liquidity of our shares, and we exhibited our commitment to that goal by upgrading to the top tier of the OTC market,” says CEO Leon M. Pierhal. “Achieving our membership on the OTCQX provides OPEL significant accessibility to high liquidity institutional and retail investors in the USA,” he adds. “The US is the world leader in clean energy and semiconductor investing, and we look forward to sharing OPEL’s growth story and opportunities with the OTCQX investor base, which will benefit all shareholders.”

Pierce Atwood LLP will serve as OPEL’s Principal American Liaison (PAL) responsible for providing guidance on OTCQX requirements and US securities law. The firm’s common shares will continue to trade in Canada on the TSX Venture Exchange under the ‘OPL’ symbol. Its Canadian SEDAR public disclosures are also directly available to US investors and brokers at otcmarkets.com.

Tags: OPEL Technologies CPV

Visit: www.otcqx.com

Visit: www.opeltechinc.com