SOURCE: IO Circuit

July 03, 2007 06:35 ET

WallStreetAnalystReport.com Open Energy (OTC BB: OEGY) Receives $4.21 Million Order for SolarSave® PV Tiles for Residential Use

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - July 3, 2007) - Open Energy Corporation (OTCBB: OEGY) is a renewable energy company focused on the development and commercialization of the sun's power, seeking to deliver low-risk, cost-competitive electricity, fresh water and related commodities on a global basis. Yesterday the company announced that it has received a $4.21 million purchase order from SolarPro International, a solar integrator based in Sacramento, California. Open Energy's PV tiles will be installed on nearly 375 new single-family residences in the Placer County development. David Saltman, CEO of Open Energy, announced: "Kevin Boedecker and his team at SolarPro have done a phenomenal job designing this project and convincing the developer that our SolarSave® PV Tiles can help them market properties, as well as generate significant utility savings for their homeowners. We look forward to accelerating our sales through this important channel."

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