SOURCE: IO Circuit

May 29, 2007 06:30 ET

WallStreetAnalystReport.com Open Energy Subsidiary, WaterEye Engages International Opportunities

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

LAKE HARMONY, PA--(Marketwire - May 29, 2007) - This week, Open Energy Corporation (OTCBB: OEGY) announced that it's subsidiary, WaterEye, has licensed its software to Kobelco Eco-Maintenance Company in Japan. Kobelco will use this software to supervise and display operating parameters of its wastewater treatment and processing systems. Tom Wolfe, SVP of Engineering & Development for Open Energy and founder of WaterEye, stated, "We are extremely pleased to be working with Kobelco Eco-Maintenance and look forward to a long and mutually beneficial association. Under the terms of the license with Kobelco, they will use WaterEye software, localized in the Japanese language, to monitor and display operating parameters at Kobelco's water and wastewater treatment and processing systems throughout Japan. Kobelco's servers will collect and analyze data, generating reports and alarms for Kobelco operators and clients."

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