Date: Wednesday, March 14, 2007
Trading Symbol: OTCBB:OEGY
Open Energy Corporation Wins NRCA “SpecRight” Award at the National Roofing Contractors Association Convention in Las Vegas
SOLANA BEACH, Calif.--(BUSINESS WIRE)--March 14, 2007--Open Energy Corporation
(OTC BB: OEGY), a renewable energy company focused on the development
and commercialization of solar energy solutions, has received the 2007
"SpecRight Award" and nominated for "Gold Circle"
from the National Roofing Contractors Association (NRCA) for its Tahoe
Center for Environmental Sciences Project at the International Roofing
Expo in Las Vegas, Nevada.
NRCA's SpecRight Excellence in Design Award program recognizes those who
design long-lasting, energy-efficient, environmentally friendly roof systems
according to accepted industry practices. The Gold Circle Award program
recognizes members for their significant contributions to the roofing
industry for outstanding workmanship, innovative solutions, service to
the community and industry.
The Tahoe Center for Environmental Science, an environmental research
and education facility built in conjunction with the University of California
at Davis, completed the installation of a 31.5 kilowatt solar electric
roofing system using Open Energy Corporation's building integrated SolarSave®
Roofing Tiles. The roofing system is made up of 900 SolarSave® Roofing
Tiles and nine Open Energy 3500 watt inverters and combiner boxes. This
system produces 4,400 kilowatt hours per month for the building.
SolarSave® Roofing Tiles integrate high efficiency photovoltaic cells
in composite frames to create strong, lightweight, waterproof, fire rated
tiles which match the colors and edge profiles of standard cement tiles.
The resulting installations have the highest per foot power output in
the industry, and a visual appearance superior to all competitive products.
SolarSave® Tiles are ideal for commercial and residential projects,
and can be installed by certified roofing contractors.
David Saltman, President and CEO of Open Energy Corporation, stated: "We
are honored to be recognized by NRCA for the Lake Tahoe project. We believe
the solar energy market is poised for tremendous growth and look forward
to working with the roofing industry to make solar a standard feature
in new construction."
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.
About NRCA
Established in 1886, NRCA is one of the construction industry's oldest
trade associations and the voice of professional roofing contractors worldwide.
It is an association of roofing, roof deck, and waterproofing contractors;
industry-related associate members, including manufacturers, distributors,
architects, consultants, engineers, and city, state, and government agencies;
and international members. NRCA has more than 4,600 members from all 50
states and 54 countries and is affiliated with 105 local, state, regional
and international roofing contractor associations.
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, Inc.
John Mills (Investor Relations)
310-395-2215
jmills@icrinc.com
or
Michael Fox (Media)
203-682-8230
mfox@icrinc.com
