Opel International Signs Exclusive Solar Tracker OEM Agreement
Toronto, November 7, 2007
Source: Opel International, press release
http://opelinc.com/invest.htm
Opel International, a leading, global developer and supplier of concentrating photovoltaic panels (CPVs), today announced it has entered into an exclusive agreement with FEiNA SCP to OEM and market FEiNA’s full line of solar trackers in Canada, the United States, Mexico and Brazil. The solar trackers designed by FEiNA provide an exceptionally high degree of accuracy in tracking the sun’s movement and maximizing the performance of all types of solar panels. These solar trackers can be used in combination with both conventional silicon flat plate panels as well as with different types of CPVs.
In commenting on the announcement, Frank Middleton, Vice President of Marketing for Opel International, noted that “Opel has been using FEiNA trackers in combination with its CPVs for the past year.” “When combined with OPEL’s high efficiency CPVs, FEiNA’s trackers provide one of the most cost-effective solutions for generating electricity from the sun,” Middleton said. “Beside their accuracy and reliability, we have also found that FEiNA’s trackers are easy to install and are virtually maintenance free.”
The use of standard solar trackers in combination with conventional silicon flat plate panels can increase the amount of energy out of those panels by as much as 40 percent, depending on the particular location of the panel. The FEiNA trackers range in capacity from a few hundred watts for roof top or small installations, to several thousand watts for solar farm applications. “Our partnership with OPEL opens up great market potential for our products,” Ignasi Sivillá, President of FEiNA, said. “OPEL’s expertise in this market place also provides FEiNA with better insight into market needs. We’re very excited and looking forward to continuing what has been a mutually beneficial relationship as the use of solar power continues to grow dramatically around the world.”
About OPEL
OPEL International, Inc., designs, manufactures and markets innovative, state-of-the-art solar technology products designed to convert solar energy into electricity – at the least possible cost and greatest efficiency. Used in industry and commercial applications globally, Opel’s high performance concentrating photovoltaic products generate up to 40 percent more kilowatt-hours than conventional fixed solar panels. A public company, Opel trades on the TSX Venture Exchange (“TSXV”). For more information about OPEL, please visit the company’s website at www.opelinc.com.