Open Energy's SolarSave(R) Roofing Tiles Offered as Standard Feature on McCullough-Ames Development Homes in Southern California.SOLANA BEACH, Calif. -- Open Energy Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: OEGY), a renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. company focused on the development and commercialization of solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. solutions, has been selected by McCullough-Ames Development, Inc. as the sole provider of solar roofing tiles being used as a standard feature for a 29-home development located in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. . Open Energy's SolarSave[R] Roofing Tiles are being installed as a standard feature on all residences at Gables Crossing, a housing development located in the Del Sur community of Black Mountain Ranch in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . Each home is designed to have a 1 kW system that can be easily expanded to allow each home to be "energy-customized" to meet the needs of its residents. "Being selected by McCullough-Ames as the sole provider of solar tiles for this development is very rewarding for Open Energy. It validates the superior features," commented David Saltman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Open Energy Corporation. "Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, represents strong opportunity for Open Energy as we continue to focus our efforts on installing our solar products on roofs across the region. We look forward to the time when solar is ubiquitous in residential construction." Rick Valles Key of Home Energy Systems, Inc., the development's solar integrator, added: "We are pleased to work with McCullough-Ames and Open Energy to go above and beyond with a commitment to create a neighborhood where 100% of the homes are actively preserving and protecting the environment by creating solar energy. Open Energy's SolarSave[R] Roofing Tiles provided us with an excellent match for this development as it is able to be upgraded by the homeowner in order to suit that family's energy needs." Five of the 29 homes are currently under construction, with additional residences being rolled out over the coming months. 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 pursues 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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