Date: Thursday, April 12, 2007
Trading Symbol: OTCBB:OEGY
Open Energy Signs Marketing and Distribution Agreement with Eagle Roofing Products
Relationship includes national sales network and manufacturing of proprietary transition tiles
Solana Beach, Calif., April 12, 2007 – Open Energy Corp. (OTC BB: OEGY) today announced a Joint Marketing and Distribution Agreement with Eagle Roofing Products (Eagle), one of the nation’s largest manufacturers of concrete roof tiles. The two companies will work together to supply the rapidly growing market for building-integrated photovoltaic solar solutions. The goal of the joint approach of the companies is to train and equip professional roofers as installers of Open Energy’s photovoltaic systems.
The two companies collaborated on the development of solar tiles which match the colors of Eagle’s three most popular concrete tiles: slate grey, terracotta red and earthen brown. Additionally, Open Energy and Eagle Roofing has jointly filling for patents on transitional tiles that will interface their flat solar tiles with the Capistrano (curved “S” or barrel) tiles used by many homebuilders. Under the terms of the agreement, Eagle will produce these transitional concrete tiles in their manufacturing plants.
David Field, Senior Vice President Sales and Marketing of Open Energy, stated, “This agreement with Eagle marks a fundamental next step in our industry. The wide spread adoption of safe, secure, emissions free solar power will only occur if we make it easy and affordable for the building trades to incorporate photovoltaics in all new construction, as well as for homeowners to retrofit solar panels on their existing roofs. The Open Energy and Eagle Roofing alliance represents the most aggressive and dynamic teaming arrangement in the building –integrated photovoltaic industry and will lead our efforts to help our nation meet its renewable energy objectives.”
Seamus Burlingame, COO of Eagle Roofing Products, added, “Our Company
has been tremendously successful in producing beautiful, long lasting,
and environmentally friendly products to meet the unprecedented demand
for concrete tiles. This marketing, sales, and distribution agreement
with Open Energy is further indication of our continued commitment to
bringing quality roofing solutions to our customers and their customers.
We will work with our new partner to train our network of builders and
contractors, with the goal of bringing solar systems to thousands of homes
across the country.”
About Open Energy
Open Energy Corporation (OTC BB: OEGY) is a renewable energy company focused
on the development and commercialization of a portfolio of technologies
capable of delivering low-risk, cost-competitive electricity, fresh water
and related commodities on a global basis. Open Energy offers building-integrated
photovoltaic (PV) roofing materials for commercial, industrial, and residential
markets. Marketed under the trade name SolarSave®, the product line
includes roofing membranes, roofing tiles, custom architectural PV glass,
and balance of systems equipment such as inverters, combiners, and accessories.
The Company also holds an exclusive, worldwide license to a solar thermal
technology called SunCone™ CSP (Concentrating Solar Power), which
is currently being developed to generate potable water and distributed
power. The company’s mission is to enhance life by harnessing the
power of the sun. For more information on Open Energy Corporation, please
visit www.openenergycorp.com.
About Eagle Roofing Products
Eagle Roofing Products, a division of Burlingame Industries, was founded
in 1989 with a goal of manufacturing quality concrete roofing tile in
modern, automated, high speed plants. From the beginning, Eagle has prided
itself on building strong relationships with customers of all sizes by
listening and responding to their requests. Eagle is continually expanding
its production capacity and its market coverage in order to offer superior
products nationwide while maintaining strong sales and customer service
support at the local level. Eagle is also committed to building productive
partnerships with other manufacturers within the building industry to
bring its customers trend setting new technologies. For more information
on Eagle Roofing Products, please visit www.eagleroofing.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: Open Energy Corporation
Investor Relations
Boundary Point Investor Relations
Brad Long
P: 866 469 6349
blong@openenergycorp.com
Public Relations
Open Energy Corporation
Songul Atacan
P: 858 794 8800
satacan@openenergycorp.com
CONTACT: Eagle Roofing Products
Public Relations
Purdie Rogers
Mindy Meyring
206-628-7700
mmeyring@purdierogers.com
