Date: Tuesday, February 20, 2007
Trading Symbol: OTCBB:OEGY
Open Energy's SolarSave® Roofing Tiles Offered as Standard Feature on McCullough-Ames Development Homes in Southern California
SOLANA BEACH, Calif.--(BUSINESS WIRE)--Feb. 20, 2007--Open Energy Corporation (OTC BB: OEGY), a renewable energy company focused on the development and commercialization of solar energy solutions, has been selected by McCullough-Ames Development, Inc. as the sole provider of solar roofing tiles being used as a standard feature for a 29-home development located in San Diego, California.
Open Energy's SolarSave® Roofing Tiles are being installed as a standard feature on all residences at Gables Crossing, a housing development located in the Del Sur community of Black Mountain Ranch in San Diego. Each home is designed to have a 1 kW system that can be easily expanded to allow each home to be "energy-customized" to meet the needs of its residents.
"Being selected by McCullough-Ames as the sole provider of solar tiles for this development is very rewarding for Open Energy. It validates the superior features," commented David Saltman, President and CEO of Open Energy Corporation. "Southern California represents strong opportunity for Open Energy as we continue to focus our efforts on installing our solar products on roofs across the region. We look forward to the time when solar is ubiquitous in residential construction."
Rick Valles Key of Home Energy Systems, Inc., the development's solar integrator, added: "We are pleased to work with McCullough-Ames and Open Energy to go above and beyond with a commitment to create a neighborhood where 100% of the homes are actively preserving and protecting the environment by creating solar energy. Open Energy's SolarSave® Roofing Tiles provided us with an excellent match for this development as it is able to be upgraded by the homeowner in order to suit that family's energy needs."
Five of the 29 homes are currently under construction, with additional
residences being rolled out over the coming months
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
