Open Energy Corporation Completes First Pacific Northwest Installation of SolarSave(R) MembranesTicker Symbol: U:OEGY
SOLANA BEACH, Calif. -- (Business Wire) --
Open Energy Corporation (OTC BB: OEGY), a renewable energy company
focused on the development and distribution of solar energy
technologies, announced today that its SolarSave(R) roofing membranes
have been successfully installed at the Sweet Life Patisserie in
Eugene, Oregon.
¶ This project contains a 10.8 KW SolarSave(R) system, which has 24
SP-450 watt modules installed on a new single-ply membrane roof.
¶ "There is considerable opportunity for solar applications in the
state of Oregon," commented Howard Gomes, vice president of sales for
Open Energy Corporation. "Governor Kulongoski's proposal for tax
breaks and grants on renewable energy applications would provide more
homeowners and business-owners with important financial incentives to
embrace solar technology. The Sweet Life Patisserie installation of
our SolarSave(R) roofing membranes is a good example how our
technology can be embraced under future legislations to save money on
electricity in the long run."
¶ Governor Kulongoski has committed to helping Oregon achieve real
energy independence. His stated goal is for renewable resources to
meet 25 percent of Oregon's energy needs by 2025. The Governor has
directed the Department of Energy's Renewable Energy Work Group to
develop a "renewable portfolio standard," which he's expected to
propose to the Legislature in 2007. This will send a clear signal to
energy developers, encouraging them to invest in projects that bring
renewable energy to market over the next two decades. The Governor
will also continue to promote new state tax incentives that encourage
investments in renewable energy projects and ensure that renewable
energy development is cost-competitive.
¶ Sweet Life Patisserie is a pastry shop in Eugene, Oregon that is
focused on sustainability and alternative energy sources that allow
for protection of the environment. The SolarSave(R) system was
installed by Advanced Energy Systems, which is also headquartered in
Eugene, Oregon.
¶ "Open Energy's SolarSave(R) membranes were selected for this
project based on their superior energy output with Sunpower's A300
cells, their light weight of only 2lbs per square foot, which
eliminated any structural concerns, and their ability to integrate
into the new membrane roof that the owners were having installed over
an existing worn out built-up roof," commented David Parker, owner of
Advanced Energy Systems, the solar integrator for the Sweet Life
project. "We look forward to completing future installations that we
have in the works with Open Energy's products."
¶ About Open Energy
¶ Open Energy Corporation (OTC BB: 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 purses 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.
¶ 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, and other factors over which Open Energy Corporation has
little or no control.
Contacts:
Integrated Corporate Relations
Media:
James McCusker, 203-682-8245
jmccusker@icrinc.com
or
Investor Relations:
John Mills, 800-250-2610
jmills@icrinc.com