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OPEL International Inc.
TSX VENTURE: OPL
 Jun 09, 2009 08:45 ET OPEL International Names a New Director of Asian Business Development OPEL Paves the Way for Asian Solar Market Expansion SHELTON, CONNECTICUT and TORONTO, ONTARIO--(Marketwire - June 9, 2009) - OPEL International Inc. (TSX VENTURE:OPL) ("OPEL"), a leading global developer and supplier of high concentration photovoltaic ("HCPV") and other solar products, including ground-based and rooftop tracker systems, today announced that Steven Lam will be its Director of Asian Business Development. In this role, Lam will focus on the expanding solar markets of China, South Korea, Malaysia and Thailand by building OPEL's footprint in the sales, marketing and operations processes for the region.
Lam will be based in Shelton, Connecticut, and he will spend significant periods of time in Asia to handle OPEL's current customer base and to develop growth strategies for the region.
"The decision to build staff in Asia reinforces OPEL's commitment to establishing a market presence in all regions of the world." said Robert Pico, CEO of OPEL International Inc. "More specifically, we see the Asian countries broadening their deployment of solar electric power generation as a result of the many solar incentives recently put in place in the region. We also look to Asia to contribute to OPEL's manufacturing process."
Lam comes to OPEL International with over 30 years of integrated systems and semiconductor experience in general management, sales, marketing, and product engineering. His expertise includes formulating product strategy, new product concepts, product business plans and development, as well as launching new products to market and customer management. Prior to OPEL, Lam worked for ITT, Honeywell and Teradyne. Most recently, he held the position of Director of Asian Sales for TranSwitch Corporation. Lam worked for TranSwitch for over 20 years in senior sales, marketing, and engineering roles. He holds both Bachelor of Science and Master of Science degrees in Electrical Engineering from Northeastern University and a Master of Business Administration degree from the University of New Haven.
"Steve has extensive experience developing Asian markets and he will play an important role in broadening OPEL's business in the Asian market," said Frank Middleton, Vice President of Marketing for OPEL International Inc. "By having Steve cover Asian sales and operations, OPEL can increase its responsiveness to customers in the region and develop relevant growth plans for its solar business in the Far East. We are very pleased to have Steve join the OPEL team."
About OPEL International
With operations headquartered in Shelton, Connecticut and Toronto, Ontario, Canada, OPEL designs, manufactures and markets high performance concentrating photovoltaic ("HCPV") panels to transform solar energy into electricity for worldwide application. OPEL's high performance photovoltaic concentrating panels generate up to 40 percent more kilowatt-hours than conventional flat plate silicon solar panels, resulting in more cost-effective electricity generated from the sun. OPEL also markets a complete line of dual and single axis solar trackers to mount solar panels for optimum power output. OPEL also designs infrared sensor type products for military and industrial applications.
A leader in gallium arsenide and solar photovoltaic technology, OPEL has been awarded 39 patents and has 8 more patents pending. OPEL's common shares trade on the TSX Venture Exchange under the symbol "OPL". For more information about OPEL, please visit the Company's website at www.opelinc.com.
Dated: June 9, 2009
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
http://www.marketwire.com/press-release/Opel-International-Inc-TSX-VENTURE-OPL-1001318.html
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