Date: Wednesday, January 24, 2007
Trading Symbol: OTCBB:OEGY
Open Energy's SolarSave® Roofing Membranes Receives UL Approval to Use Three Additional Roofing Membranes
UL Safety approval significantly increases OEC's addressable market space
Solana Beach, CA, Wednesday, January 24, 2007 - Open Energy Corporation (OTC BB: OEGY), a renewable energy company focused on the development and distribution of solar energy solutions, today announced that their SolarSave® Roofing Membranes product has received Underwriter’s Laboratory (UL) approval to incorporate material from Seaman Corporation (Fibertite), Duro-Last and IB Roofing. SolarSave® Roofing Membranes are now approved with a Class A fire rating for roofs from flat to 2:12 slope for all UL listed roofing applications for these membranes.
“By receiving UL approval for our SolarSave® Roofing Membranes
on these additional substrates, we have significantly expanded Open Energy’s
potential applications in the commercial and industrial low slope roofing
market,” commented Don Rogers, Executive Vice President of Open Energy.
“This is a very important advancement for Open Energy and we look
forward to successful partnerships with Seaman, DuroLast and IB Roofing
in the manufacturing and distribution of this innovative renewable energy
product.”
Open Energy is the first and only provider of solar technology that integrates
with each of these major roofing material manufacturers. SolarSave®
Roofing Membranes had previously been available on Cooley single ply membranes,
but has a backlog of orders for its products on Fibertite and IB Roofing
materials, which are scheduled to ship in the next several months.
Open Energy’s SolarSave® Roofing Membranes are a building-integrated solar roofing system created for both new construction and re-roofing projects on commercial, industrial and residential buildings with flat to low sloped roofs. SolarSave® Roofing Membranes encapsulate crystalline solar cells in high-performance composite materials laminated under vacuum pressure to create lightweight, waterproof, fire rated and aesthetically pleasing solar applications.
About Open Energy
Open Energy Corporation (OTCBB: OEGY) 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 pursues 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. For more
information please visit our website www.openenergycorp.com.
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, the Company's competitive position and other factors over
which Open Energy Corporation has little or no control.
Contact:
Integrated Corporate Relations
James McCusker (Media)
203-682-8245
jmccusker@icrinc.com
John Mills (Investor Relations)
800-250-2610
jmills@icrinc.com
