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Open Energy Corporation Signs National Distribution Agreement With DC Power Systems for its SolarSave(R) Roofing Tiles Product Line


2006-10-18 16:45 ET - News Release

The Agreement, valued at $7 million in the first year, includes an aggressive national marketing campaign,and dealer sales and installation training


SAN JOSE, 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 the signing of a national distribution agreement with DC Power Systems, one of the largest wholesale renewable energy distributors in the country.

In addition to providing DC Power Systems with the Open Energy Corporation SolarSave® Roofing Tiles and Balance of System products for distribution, the partnership includes an aggressive consumer oriented marketing campaign, dealer sales and installation training. Open Energy Roofing Tiles are building integrated solar products designed for both new construction and re-roofing. They are available in common roofing tile colors, resulting in solar power systems that are easily installed and aesthetically superior to competitive products. This alliance represents a significant step forward in the evolution of the building integrated photovoltaic industry. The announcement of the agreement was made from the Solar Power 2006 Conference in San Jose, California where both companies are exhibitors.

“DC Power Systems is one of the leading wholesale renewable energy distributors in North America and this agreement will help showcase Open Energy’s SolarSave® Roofing Tiles product line to potential customers right across the United States,” stated David Saltman, CEO of Open Energy. “DC Power Systems’ national reach, professional sales personnel and reputation in the industry will be of significant benefit to our Company as we ramp our production to meet market demand. We are proud to have them as a valued partner in our distribution network.”

Joseph Marino, President of DC Power Systems, stated: “Our mission is to promote the best renewable energy technologies available and to work toward a sustainable, energy-secure future. We believe Open Energy’s SolarSave® Roofing Tiles help accomplish this by offering customers a technically and aesthetically superior product for residential and commercial applications.”

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.

About DC Power

DC Power is a leading wholesale renewable energy distributor. They work with a national network of dealers and installers to offer complete RE solutions, including systems design, consulting and project financing services. DC Power is committed to helping our partners and clients design and implement solar systems for their unique needs.

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

Source: Open Energy Corporation
imho hört sich das rund um gut an!

valued at $7 million

in the first year

aggressive national marketing campaign

usw. usw.

großes plus: die news kamen in den USA ne viertelstunde NACH börsenschluss raus, d.h. soweit ich das sehe, dass die amis erst nachher reagieren werden :)


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