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| Home : OPEL Technologies Inc. Enters Into Definitive Agreement for Asset Sale to Northern States Metals |
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Dec 14
2012 |
OPEL Technologies Inc. Enters Into Definitive Agreement for Asset Sale to Northern States Metals |
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TORONTO, ONTARIO and STORRS, CONNECTICUT--(Marketwire - Dec. 14, 2012) - OPEL Technologies Inc. (TSX VENTURE:OPL)(OTCQX:OPELF) ("OPEL" or "the Company") today announced that it and its affiliate OPEL Solar, Inc. ("Solar") have entered into a definitive agreement (the "Agreement") with Northern States Metals through its subsidiary, Tracker Acquisition, Inc.(the "Purchaser") to sell the non-cash assets of Solar used in connection with the operation of Solar's single axis solar power tracker business (the "Business"). The purchased assets do not include any asset of Solar that is not used in, or does not otherwise relate to, the Business and certain other non-core assets. |
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| Source:http://www.marketwire.com/mw/release.do?id=1737859&sourceType=3 |
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