Date: Jul 23, 2013 Author: press release Source: Company Data (
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OPEL Technologies Inc. Changes Na
me to POET Technologies Inc.
Toronto, ON, and Storrs, CT, July 23, 2013
-- OPEL Technologies Inc. (TSX-V: OPL) ("OPEL" or "the
Company"), announces that it has filed Articles of Amen
dments under the Business Corporation Act (Ontario)
dated July 23, 2013, thereby changing its name to POET T
echnologies Inc. There is no consolidation of capital
and no exchange of shares is required.
Trading under new name --
It is anticipated that trading on the
TSX Venture Exchange under the new name
will commence on July 25, 2013, subject to confirmati
on by TSX Venture Exchange bulletin. The Stock
Symbol "OPL" will change to "PTK" and the CUSIP a
nd ISIN numbers have been
changed to 73044W104 and
CA 73044W1041 respectively. The Stock Symbol for trading in the U.S. on the OTCQX has changed from
"OPELF" to "POETF".
Purpose -
The purpose of the name change is to better re
flect the Company's business and highlight the POET
platform. "The name change to POET Technologies exem
plifies the scope of the Company's current focus and
is consistent with Management's
efforts to monetize the POET tec
hnology and provide added value for
shareholders," said Executive Director, Peter Copetti.
Semiconductor Technology -
The POET (Planar Opto Electronic Technology) Platform is a patented
semiconductor fabrication process that uses gallium arsen
ide technology to combine electronic and optical
elements on a single integrated circuit, intended to
enable semiconductor manufacturers to make microchips
that are far faster and more energy efficient than cu
rrent silicon devices, and far
less expensive to produce.
Website
-- In conjunction with the name change, the Company
has also redesigned its website and changed the
domain name. The new website can be accessed at
www.poet-technologies.com
.
About OPEL Technologies Inc.
OPEL is the developer of the POET platform for monolithic
fabrication of integrated circuit devices containing
both electronic and optical elements on a single semiconduc
tor wafer. With head offi
ce in Toronto, Ontario,
Canada, and operations in Storrs,
CT, the Company, through ODIS Inc., a U.S. company, designs III-V
semiconductor devices for military, indust
rial and commercial applications, in
cluding infrared sensor arrays and
ultra-low-power random access memory
. The Company has 32 patents issued and 6 patents pending, primarily
for its semiconductor POET process, which enables the mono
lithic fabrication of integr
ated circuits containing
both electronic and optical elements, with potential high sp
eed and power-efficient applications in devices such
as servers, tablet computers and smartphones. OPEL's
common shares currently trade on the TSX Venture
Exchange under the symbol "OPL" and on the OTCQX
under the symbol "POETF". For more information
please visit our website at
www.poet-technologies.com
.
ON BEHALF OF THE BOARD OF DIRECTORS
Michel Lafrance, Secretary
For further information
:
Christopher Chu, Grayling
Tel: (646) 284-9426
Email:
opel@grayling.com
Neither TSX Venture Exchange nor its Re
gulation Services Provider (as that te
rm is defined in the policies of the
TSX Venture Exchange) accepts responsibility fo
r the adequacy or accuracy of this release.
