OPL Poet Technologies, Inc.

OPEL Technologies Inc. (TSX VENTURE:OPL) (OTCQX:OPELF) ("OPEL" or "the Company")
announces that it has made significant progress in rehabilitating OPEL's
research and development facilities located in Storrs, Ct. following the
extensive damage caused by Hurricane Sandy. 


The Molecular Beam Epitaxy (MBE) System used in gallium arsenide wafer
production was the most damaged and required a virtual rebuild. The MBE has now
been fully refitted and is completing its "burn-in" cycle. A sample testing
procedure will commence following which the MBE System is expected to be
declared operable and ready to be placed online. Although severely impacted by
the MBE failure, this quarter's milestone still appears on track to be met. Once
on-line wafer production begins, producing wafers for the continuance of the BAE
Systems military IR Sensor proof of concept project due for completion later
this year will take precedence. 


OPEL is pleased to announce that while refitting of the MBE was underway;
virtually all of the R&D facility's build out work was finalized, enabling the
installation of additional new equipment. The first of the four new research
devices arrived and was installed several weeks ago. A second unit has arrived
and now awaits a factory installation team. The remaining two units are due to
arrive early June to be ready for installation, trial and acceptance testing.  


Opel also notes that its PR and IR activities with Atomic Public Relations, LLC.
and Grayling Communications, Inc. are progressing very well. With OPEL's
assistance, each firm has rapidly grasped OPEL's product development goals and
marketing strategy, then began aggressive development of programs designed to
meet OPEL's marketing and are already showing signs of positive impact. 


In parallel with the PR and IR implementation, OPEL's monetization activity
continues at a rapid pace. A confidential due diligence report detailing the
evolution of the POET Platform with the addition of research and development's
latest trial data points will be completed within the quarter. The business
development white paper will be made available under Non-Disclosure Agreement
("NDA") to potential prospective partners and IP Licensees only. 


A facilities tour is scheduled immediately following the Annual General Meeting
on June 21, 2013 in Storrs, Ct. to provide a firsthand view of the facilities'
accomplishments and POET's progress. 


About OPEL Technologies Inc. 

With head office 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, industrial and commercial applications, including infrared sensor
arrays and ultra-low-power random access memory; and through OPEL Solar, Inc.,
provided systems for energy applications. The Company has 32 patents issued and
6 patents pending, primarily for its semiconductor POET process, which enables
the monolithic fabrication of integrated circuits containing both electronic and
optical elements, with potential high-speed and power-efficient applications in
devices such as servers, tablet computers and smartphones. OPEL's common shares
trade on the TSX Venture Exchange under the symbol "OPL" and on the OTCQX under
the symbol "OPELF". For more information please visit our websites at
www.opeltechinc.com and for ODIS at www.odisinc.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Michel Lafrance, Secretary  

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward -looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include, among others, those
concerning OPEL's anticipated operational plans and activities. Specifically,
they include OPEL's statement that "(i) a sample testing procedure will commence
following which the MBE System is expected to be declared operable and ready to
be placed online; (ii) this quarter's milestone still appears to be on track to
be met; (iii) producing the wafers for the continuance of BAE Systems military
IR Sensorproof of concept project; and (iv) the remaining two units are due to
arrive early June to be ready for installation, trial and acceptance testing."


Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect. Assumptions have been made regarding, among other things,
management's expectations regarding future growth, plans for and completion of
projects by OPEL's third party relationships, availability of capital, and the
necessity to incur capital and other expenditures. Actual results could differ
materially due to a number of factors, including, without limitation,
operational risks in the completion of OPEL's anticipated projects, delays or
changes in plans with respect to the development of OPEL's anticipated projects
by OPEL's third party relationships, risks affecting OPEL's ability to execute
projects, risks inherent in operating in foreign jurisdictions, the ability to
attract key personnel, and the inability to raise additional capital. 


Although OPEL believes that the expectations reflected in the forward-looking
information or statements are reasonable, prospective investors in OPEL's
securities should not place undue reliance on forward-looking statements because
OPEL can provide no assurance that such expectations will prove to be correct.
Forward-looking information and statements contained in this news release are as
of the date of this news release and OPEL assumes no obligation to update or
revise this forward-looking information and statements except as required by
law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Grayling
Christopher Chu
(646) 284-9426
opel@grayling.com

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