1. Contracts and/or agreements as ‘Material Contracts’ in accordance with CSA National Instrument 51-102 Part 12:
Long Term Agreement dated March 5th, 2008 between OPEL, Inc. (subsidiary of the Company) and Spectrolab, Inc. regarding the purchase of Gallium Arsenide wafers, particulars of which was contained in News Releases dated March 26, 2008;
Joint Venture Agreement dated December 30th, 2010 between OPEL Solar, Inc. and Ecotech Environmental Technology Ltd. regarding a business relationship to facilitate the growth of the Company’s solar products in Asia contained in News Releases dated December 15, 2010;
2. Material Change Reports which are deemed ‘Material Changes’ pursuant Canadian Securities National Instrument 51-102 Part 7:
MCR filed on December 20, 2010 and relating to the May 17, 2010 news release announcing changes to management following the resignation of Robert Pico.
MCR filed on December 20, 2010 and relating to the June 7, 2010 news release announcing solar revenue forecasts over next 18 months in order of US$ 50-80 million.
MCR filed on December 20, 2010 and relating to the December 1, 2010 news release announcing a multi-million dollar solar sale to Toray Plastics.
With operations headquartered in Shelton, CT and the head office in 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% 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 the optimum power output. OPEL designs infrared sensor type products for military, consumer, industrial and commercial applications.
A leader in gallium arsenide and solar concentrating photovoltaic technology, the Company has been awarded 33 patents and has 17 more patents pending. OPEL’s common shares trade on the TSX Venture Exchange under the symbol "OPL".