Posted at 10:57 a.m., Tuesday, May 29, 2007
Kaua'i botanical garden to get solar energy system
News Release
Open Energy to Provide GreenSource Solutions With 29.81 kW Solar BIPV System for National Tropical Botanical Gardens, Hawaii
SOLANA BEACH, CA -- (MARKET WIRE) -- May 29, 2007 -- Open Energy Corp. (OTCBB: OEGY) today announced the signing of a new sales agreement with GreenSource Solutions, LLC for a 29.81 kW AC Open Energy solar BIPV system for the new, LEED Silver certified, Juliet Rice Wichman Botanical Research Center at the National Tropical Botanical Gardens in Kalaheo, Kauai, Hawaii.
The system will be comprised of 80 Open Energy Corporation SP 450 solar panels. GreenSource Solutions' President, Art Athas, a leading expert in building integrated single-ply/solar applications, has been consulting for the National Tropical Botanical Gardens for over 18 months providing guidance on third party financing, product selection, system design, and engineering.
GreenSource Solutions has chosen Commercial Roofing & Waterproofing Hawaii, Inc., their installation partner of several years, and the second largest roofing company in Hawaii, to install the new BIPV roofing system.
Open Energy President and CEO David Saltman stated, "This order represents the outcome of GreenSource Solutions' rigorous evaluation of our SP 450 panel system. We respect the company's expertise and commitment to quality and service and are very pleased to have been selected for this prestigious project."
About Open Energy
Open Energy Corporation (OTCBB: 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 GreenSource Solutions LLC
GreenSource Solutions is a solar integration and consulting firm with offices in California and Hawaii specializing in custom renewable energy solutions The company provides a wide variety of turn-key solutions for all solar electric needs; project consulting, site evaluation, design, engineering, installation, and commissioning. GreenSource Solutions empowers buyers of solar electric energy to convert rooftops into energy producing assets. Green Source Solutions' clients have the opportunity to generate power themselves, approach energy independence, and become a true supporter of renewable technology in their community. For more information, please visit www.greensource.biz
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.
