Date: Wednesday, January 3, 2007
Trading Symbol: OTCBB:OEGY
Open Energy Corporation Completes First Pacific Northwest Installation of SolarSave® Membranes
SOLANA BEACH, Calif.—January 3, 2007 - Open Energy Corporation (OTC BB: OEGY - News), a renewable energy company focused on the development and distribution of solar energy technologies, announced today that its SolarSave® roofing membranes have been successfully installed at the Sweet Life Patisserie in Eugene, Oregon. This project contains a 10.8 KW SolarSave® system, which has 24 SP-450 watt modules installed on a new single-ply membrane roof.
"There is considerable opportunity for solar applications in the state of Oregon," commented Howard Gomes, vice president of sales for Open Energy Corporation. "Governor Kulongoski's proposal for tax breaks and grants on renewable energy applications would provide more homeowners and business-owners with important financial incentives to embrace solar technology. The Sweet Life Patisserie installation of our SolarSave® roofing membranes is a good example how our technology can be embraced under future legislations to save money on electricity in the long run."
Governor Kulongoski has committed to helping Oregon achieve real energy independence. His stated goal is for renewable resources to meet 25 percent of Oregon's energy needs by 2025. The Governor has directed the Department of Energy's Renewable Energy Work Group to develop a "renewable portfolio standard," which he's expected to propose to the Legislature in 2007. This will send a clear signal to energy developers, encouraging them to invest in projects that bring renewable energy to market over the next two decades. The Governor will also continue to promote new state tax incentives that encourage investments in renewable energy projects and ensure that renewable energy development is cost-competitive.
Sweet Life Patisserie is a pastry shop in Eugene, Oregon that is focused on sustainability and alternative energy sources that allow for protection of the environment. The SolarSave® system was installed by Advanced Energy Systems, which is also headquartered in Eugene, Oregon.
"Open Energy's SolarSave® membranes were selected for this project based on their superior energy output with Sunpower's A300 cells, their light weight of only 2lbs per square foot, which eliminated any structural concerns, and their ability to integrate into the new membrane roof that the owners were having installed over an existing worn out built-up roof," commented David Parker, owner of Advanced Energy Systems, the solar integrator for the Sweet Life project. "We look forward to completing future installations that we have in the works with Open Energy's products."
About Open Energy
Open Energy Corporation (OTC BB: OEGY - News) focuses on the development
and commercialization of renewable energy products and technologies for
a wide range of applications including electrical and thermal power production
and water desalination. The Company purses these objectives through technology,
innovation, acquisitions, strategic partnerships and other business strategies.
The company's mission is to enhance life by harnessing the power of the
sun.
Safe Harbor for Forward Looking Statements
Except for statements of historical fact, the information presented herein
constitutes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors, which
may cause the actual results, performance or achievements of the company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include general economic and business conditions, customer demand for
its products, the Company's ability to scale up manufacturing to meet
demand, and other factors over which Open Energy Corporation has little
or no control.
Contact:
Integrated Corporate Relations
Media:
James McCusker, 203-682-8245
jmccusker@icrinc.com
or
Investor Relations:
John Mills, 800-250-2610
jmills@icrinc.com
