SOURCE: IO Circuit

May 21, 2007 06:30 ET Open Energy/Suntech Alliance Accelerates Momentum Toward Green Future

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

LAKE HARMONY, PA--(Marketwire - May 21, 2007) - Open Energy Corporation (OTCBB: OEGY) looks to harness the power of the sun through development and commercialization of renewable energy systems. Its vision is to generate outstanding value for its shareholders, while contributing to the energy security, the conservation of natural resources, and the reduction of green house gas emission. Recently, Open Energy has signed a letter of intent to work with Suntech Power Holdings. Open Energy's SOLARSAVE® Roofing Membranes can be easily installed on residential, commercial, institutional, and industrial structures, making it an ideal solution for your renewable energy project. Through the signed initiative, Suntech will provide cost effective and high quality production for the SolarSave® PV Tiles. As part of this strategic cooperation, Suntech will have the right to acquire up to 5% of the outstanding shares of Open Energy.

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Other active stocks are General Electric Co. (NYSE: GE), CIENA Corp. (NASDAQ: CIEN) and Advanced Micro Devices Inc. (NYSE: AMD).

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