OPEL Technologies Receives New Credit Line

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OPEL Technologies Inc., a global supplier of high-concentration photovoltaic panels and solar tracker systems and a semiconductor device and process developer, has secured a line of credit for $5 million from Silicon Valley Bank (SVB) in Massachusetts.

The new credit line from SVB will be used to fund U.S. and qualified foreign receivables of the company, according to Michael McCoy, chief financial officer of OPEL Technologies.

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