|OEGY - .245/.25|
Open Energy Announces $2.2 million in Purchase Orders from Eagle Roofing Products
Thursday June 12, 11:57 am ET
Consumers, Builders, Roofers, Electricians Embrace Roofing Solution That Delivers Solar Energy Benefits and Maintains Aesthetics of Tile Roof
SOLANA BEACH, Calif.--(BUSINESS WIRE)--Open Energy Corporation (OTCBB:OEGY - News) today announced that it has shipped a total of 14,103 SolarSave® PV Tiles and related balance of system equipment in satisfaction of $2.2 million in purchase orders received in April and May 2008 from Eagle Roofing Products, the largest manufacturer of concrete roofing tiles in North America.
David Saltman, Chairman and CEO of Open Energy commented, “Our building integrated products are designed to be installed simultaneous with standard roofing tiles, providing cost savings as well as aesthetic advantages that are superior in our industry. Eagle Solar Roof powered by SolarSave® Integrated Solutions are now offered in 14 states and we believe the interest in our products through Eagle Roofing and other distribution partners is continuing to gain momentum throughout the country”.
About Open Energy Corporation
Open Energy Corporation is a renewable energy company focused on the development and commercialization of a portfolio of solar technologies capable of delivering cost-competitive power and related commodities on a global basis. Open Energy offers award-winning, building-integrated photovoltaic (PV) roofing systems for residential and commercial customers. Marketed under the trade name SolarSave(R), the product line includes tiles, membranes, and architectural glass. SolarSave Integrated Solutions represents Open Energy's bundled, turn-key solar solution that includes both tile and membrane products, together with an integrated inverter, web-based monitoring and balance of system components. Open Energy has a master distributorship with Eagle Roofing Products, the largest concrete tile manufacturer in the United States. The Company's mission is to harness the power of the sun to deliver complete renewable energy solutions to its customers. For more information on Open Energy Corporation, please visit 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 Open Energy 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 failure to perform under or the cancellation of purchase orders by Open Energy's customers, the Company’s and its vendors’ ability to scale up manufacturing to meet demand, the Company’s ability to successfully redesign and relaunch its membrane product and other factors over which Open Energy has little or no control. Open Energy undertakes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.