| OPEL International ("OPEL") (TSX VENTURE:OPL), a leading global developer and supplier of concentrating photovoltaic panels (CPVs), today announced it has entered an agreement with Solarfun Power Holding Co. Ltd. to market Solarfun's full line of solar panels in North America and Brazil. The solar panels are listed with both UL (Underwriters Laboratories Inc.) and California's Energy Commission, making them eligible to participate in the solar incentive programs of various states in the US. These panels also integrate seamlessly with OPEL's product line of solar trackers for ground and roof top installation. When installed in conjunction with OPEL's line of solar trackers, the power output of the panels can be increased as much as 40% when compared with fixed mounted installations, thus resulting in a faster payback and lower kilowatt-hour costs. "The addition of the Solarfun panels to our product line allows us to offer our customers a complete range of solutions that can better meet the needs of their applications," said Frank Middleton, Vice President of Marketing for OPEL. "The combination of the Solarfun panels and our roof top mounted trackers provide customers with a cost effective solution to maximize the use of flat roof tops to generate solar electricity." "This combination is especially attractive in the Northeast where climatic conditions result in fewer sunny days than in places like the US Southwest," added Mr. Middleton. "We believe that we now have a very compelling product offering for schools in the Northeast who are looking to reduce electricity costs in an environmentally responsible manner." "Our partnership with OPEL opens up excellent market potential for our products", Ocean Yuan, Senior Vice President of Solarfun Power Holdings, said. "OPEL's presence in the North American market provides Solarfun with the potential for a rapid expansion into an important market. We're very excited and looking forward to expanding our mutually beneficial relationship, as the use of solar power continues to grow dramatically around the world." |