OPEL Technologies Inc. (TSX-V: OPL and OTCQX: OPELF) (“OPEL” or “the Company”), a leading global supplier of solar tracker systems, other solar related products and a semiconductor device and process developer, announces that today the common shares of OPEL Technologies will begin trading in the United States on the OTCQX International under the symbol “OPELF”. OPEL sees a significant benefit to being traded on the OTCQX. The Company gains greater exposure and liquidity in the United States without the regulatory expense of traditional U.S. listings.
“It has been a near-term strategy of the Company to increase the liquidity of our shares, and we exhibited our commitment to that goal by upgrading to the top tier of the OTC market. Achieving our membership on the OTCQX provides OPEL significant accessibility to high liquidity institutional and retail investors in the United States,” said Leon M. Pierhal, CEO of OPEL Technologies Inc. Pierhal added, “The U.S. is the world leader in clean energy and semiconductor investing, and we look forward to sharing OPEL’s growth story and opportunities with the OTCQX investor base which will benefit all shareholders.”
Pierce Atwood, LLP will serve as OPEL’s Principal American Liaison (“PAL”) responsible for providing guidance on OTCQX requirements and U.S. securities law. OPEL common shares will continue to trade in Canada on the TSX Venture Exchange under the “OPL” symbol. The Company’s Canadian SEDAR public disclosures are also directly available to U.S. investors and brokers at otcmarkets.com.
