Date: Thursday, January 24, 2008
Trading Symbol: OTCBB:OEGY
Stellar Energy Installs 121 kW SolarSave® Membrane System on San Francisco Public Utilities Commission Facility
Open Energy's products help the City meet renewable energy objectives
SOLANA BEACH, Calif.--(BUSINESS WIRE)--Jan. 24, 2008--Open Energy Corporation (OTCBB: OEGY) and Stellar Energy today announced the completion of a major solar electric installation for the San Francisco Public Utilities Commission (SFPUC). The system is installed on the Water Department's 20,500 square foot warehouse roof, using 270 SolarSave(R) Membrane Modules capable of generating over 121 kilowatts of dc power.
Open Energy’s Vice President of Membrane Sales, Howard Gomes said, “This is our largest membrane project to date, and represents a very important endorsement of our commercial BIPV product line. We see a growing demand for high-performance, light weight, building integrated renewable energy solutions, and are thrilled that the PUC chose our product to help fulfill their renewable energy policy mandates.”
Chris Phipps, Stellar’s Director of Marketing, said, “Using innovative heat-welding technology, Open Energy’s solar membranes were integrated directly into the membrane roof surface of the building, without any racks or reinforcements required. The end result is as beautiful as it is functional. We look forward to working with Open Energy on future projects.”
About Open Energy Corporation
Open Energy Corporation is a renewable energy company focused on the development and commercialization of a portfolio of solar technologies capable of delivering cost-competitive power and related commodities on a global basis. Open Energy offers award-winning, building-integrated photovoltaic (PV) roofing systems for residential and commercial customers. Marketed under the trade name SolarSave®, the product line includes tiles, membranes, and architectural glass. The Company’s mission is to harness the power of the sun to deliver complete renewable energy solutions to its customers. For more information on Open Energy Corporation, please visit www.openenergycorp.com.
About Stellar Energy Solutions
Stellar Energy Solutions designs and installs innovative, large-scale renewable energy solutions nationwide. Balancing the energy, fiscal and architectural priorities of each client, Stellar has gained a reputation for superior customer service and accessibility. With access to the most advanced products available, in-house engineers, and financing solutions to meet the needs of both public and private sector enterprises, Stellar can provide immediate response for any client, no matter how unique.
About the Public Utilities Commission
The San Francisco Public Utilities Commission (SFPUC) is a dynamic City department that provides water, wastewater, and municipal power services. The Power Enterprise manages the SFPUC’s hydropower facilities, which supply electric power to municipal buildings, Muni cars and electric buses, street and traffic lights, and other facilities such as the General Hospital and San Francisco International Airport. The enterprise also manages power policy and energy services, and develops and installs renewable power systems and energy efficiency projects for municipal facilities. The SFPUC Power Enterprise was recently awarded a City Solar Award from the NorCal Solar Energy Association in the Large Cities category for the Amount of Watts installed in 2006. The SFPUC has over 2 megaWatts (MW) of installed capacity and is planning to install an additional 7 MW in 2008.
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 Open Energy
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 execution of definitive agreements related to the transactions
described within this release, the ability of either or both parties to
perform under such definitive agreements, the Company and its vendors
ability to scale up manufacturing to meet demand, and other factors over
which Open Energy has little or no control. Open Energy undertakes no
obligation to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under applicable
law.
CONTACTS:
Open Energy Corporation
Howard Gomes, VP Membrane Sales
647.886.0360
hgomes@openenergycorp.com
MEDIA:
James McCusker
203-682-8245
jmccusker@icrinc.com
Stellar Energy Solutions
Chris Phipps
800-967-6917 x130
chrisp@stellarenergy.com
San Francisco Public Utility Commission
Jim Marks, Power Projects Communications
415-554-3237
jmarks@sfwater.org
