NEWS RELEASE
OPEL Announces Third Party Valuation of its POET Technology
 Third Party Valuation of POET Technology over $1 Billion
Shelton, Ct. March 2, 2011 – OPEL Solar International Inc. (“OPEL” or “the Company”) announced today
that it is in receipt of a third party valuation of intellectual property developed by its U.S. affiliates OPEL, Inc.
and ODIS Inc. The Planar Opto Electronic Technology (“POET”), initially developed by Dr. Geoffrey Taylor
at the University of Connecticut and licensed to OPEL, Inc., is a semiconductor fabrication technology that
enables the dense packing of digital, analog, and optical circuits on a single gallium arsenide chip. The
technology now makes it possible to monolithically integrate a wide number of electronic and optoelectronic
functions in a single chip with higher speeds and reduced power consumption compared to Silicon CMOS. For
the same functionality, the chip size would be considerably reduced to approximately the size of half a person’s
thumb nail.
OPEL commissioned a valuation analysis of the POET Technology portfolio (“POET Technology”) by an
independent, third party valuation firm, Pellegrino & Associates, LLC. The Pellegrino firm performed an
analysis of the uses of the POET Technology, the sales it could achieve in its targeted end-markets and likely
margins if OPEL can complete its research and development activities successfully and the market adopts the
POET Technology. Using a number of valuation techniques and based on technical information provided to it
by the Company, the valuation firm has estimated that the POET Technology portfolio could be worth as much
OPEL Announces Third Party Valuation of its POET Technology
 Third Party Valuation of POET Technology over $1 Billion
Shelton, Ct. March 2, 2011 – OPEL Solar International Inc. (“OPEL” or “the Company”) announced today
that it is in receipt of a third party valuation of intellectual property developed by its U.S. affiliates OPEL, Inc.
and ODIS Inc. The Planar Opto Electronic Technology (“POET”), initially developed by Dr. Geoffrey Taylor
at the University of Connecticut and licensed to OPEL, Inc., is a semiconductor fabrication technology that
enables the dense packing of digital, analog, and optical circuits on a single gallium arsenide chip. The
technology now makes it possible to monolithically integrate a wide number of electronic and optoelectronic
functions in a single chip with higher speeds and reduced power consumption compared to Silicon CMOS. For
the same functionality, the chip size would be considerably reduced to approximately the size of half a person’s
thumb nail.
OPEL commissioned a valuation analysis of the POET Technology portfolio (“POET Technology”) by an
independent, third party valuation firm, Pellegrino & Associates, LLC. The Pellegrino firm performed an
analysis of the uses of the POET Technology, the sales it could achieve in its targeted end-markets and likely
margins if OPEL can complete its research and development activities successfully and the market adopts the
POET Technology. Using a number of valuation techniques and based on technical information provided to it
by the Company, the valuation firm has estimated that the POET Technology portfolio could be worth as much
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