Open Energy Corporation Signs Supply MOU with Inverter Manufacturer PV Powered.OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Relationship Enables Easy-to-Install and Maintain Solar Solutions for New and Retrofit Residential Construction Markets SOLANA BEACH, Calif. -- Open Energy Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :OEGY) announced today a MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. establishing an OEM relationship with US inverter (1) A logic gate that converts the input to the opposite state for output. If the input is true, the output is false, and vice versa. An inverter performs the Boolean logic NOT operation. (2) A circuit that converts DC current into AC current. Contrast with rectifier. manufacturer PV Powered (Bend, OR) to provide complete, ready-to-install 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. inverters and monitoring systems to the new home construction industry. These products will be distributed primarily through Open Energy's national distribution agreement with Eagle Roofing Products of Rialto Rialto, city (1990 pop. 72,388), San Bernardino co., S Calif., a residential suburb of San Bernardino; inc. 1911. The city has greatly expanded as a result of the economic and demographic growth of the southern California area. , CA, one of the nation's largest roofing tile manufacturers. "This relationship enables Open Energy to offer its customers "end-to-end" integrated solar systems targeted specifically to the new residential construction market," said David Field, COO of Open Energy. "We now can provide our customers with fully monitored, maintained and supported solar electric solutions designed specifically for new home buyers, with customer service functions designed for our building products and construction channel partners." Under this agreement, PV Powered will provide OEM versions of its industry-leading, residential, grid-tied solar power inverters combined with Open Energy's award-winning SolarSave[R] roofing tile products to deliver high-performance, building-integrated photovoltaic Building-integrated photovoltaics (BIPV) are increasingly incorporated into new domestic and industrial buildings as a principal or ancillary source of electrical power,[1] and are one of the fastest growing segments of the photovoltaic industry. systems that can be easily installed by roofing contractors and electricians. Open Energy's SolarSave[R] Roofing Tiles maintain the natural look of a property while generating clean, safe, efficient electricity from the sun. PV Powered inverters offer high reliability and industry leading efficiency, generating maximum electricity from the photovoltaic modules. With integrated, web-based performance monitoring, building owners and system installers can easily monitor installation output, thereby enhancing the entire system's value and reliability. "We chose to work with PV Powered because of their innovative products and service delivery platform, both of which are well positioned to support our channel partners in the building integrated PV marketplace", commented David Trepeck, VP of Solar Solutions for Open Energy. "Like us, PV Powered is committed to providing products of the highest quality, reliability and efficiency to our customers." "By combining compatible products into complete solar power generation solutions, we lower our customers' risk and maximize their energy harvest," said Gregg Patterson, PV Powered 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. . "And by working closely with Open Energy and Eagle Roofing Products, we can ensure a level of customer experience that is unmatched in the industry." About Open Energy Corporation Open Energy Corporation is 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 a portfolio of technologies capable of delivering 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 customers. Marketed under the trade name SolarSave(R), the product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment. The Company also holds an exclusive, worldwide license to a solar thermal technology called SunCone(TM) CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P (Concentrating Solar 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 PV Powered Founded in 2003 and based in Bend, Oregon Bend is a city in Deschutes County, Oregon, United States. The name Bend was derived from "Farewell Bend," the designation used by early pioneers to refer to the location along the Deschutes River where the town eventually was platted, one of the few fordable points along the , PV Powered is a leading manufacturer of solar power inverter technology. Designed for highest reliability and manufactured in the U.S.A., PV Powered products are UL Listed, and have the highest efficiency ratings in the solar market today. With thousands of its products in use nationwide, PV Powered combines one of the most experienced design teams in solar power electronics with a commitment to superior service and support. For more information, visit www.pvpowered.com. |
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