Open Energy Corp. (OTCBB: OEGY)
OEGY Stock Guru Profile
Making EVERYWHERE, lean, green and eco-friendly!
Link here to review the Open Energy Product System: http://openenergycorp.com/solarsave/products.php#3
President and CEO David Saltman spoke with Stock Guru this week. “It’s really happening! We did a million in sales for November — in a combination of roofing membranes and roofing tiles –these building integrated solar electric products are proving to be the best products in the market. Sales have been distributed on both the east and west coast.”
David noted that the company has recently added one of the leading experts in water desalinization (purification) to its management team: Tom Wolfe – who is now heading up the Suncone Commercialization Program. The company expects to be producing commercial water purification units in the first quarter of this year. These units meet the current global need for water. They are a light weight, low cost, desalinization unit. (Link here to view this unit) Tom does remote monitoring of water systems, globally, and Suncone is employing his technology.
David Saltman explained that with the completed acquisition of Water Eye, Open Energy Corporation acquired a secure ASP based remote monitoring and diagnostic services to the water and wastewater treatment industries. Its customers include GE Water, Siemens, Dow, Dupont and Poseidon Resources. According to the United Nations, over 1.2 billion people currently lack access to fresh water or reliable power. The opportunities for Open Energy Corporation to team with international organizations and assist in global development initiatives would be very much in alignment with the global mission and vision for the company.
Not to be overlooked is the very important news that the company has just released guidance indicating that it will achieve revenues of $10Million (USD) by May 31, 2007.
The company recently responded to WalMarts Request for Quotation to Perform Work to place their ultra energy efficient solar tiles on all its buildings. David Saltman believes while this is an ambitious response made by OEGY to Walmart it demonstrates the overall capablities of the company. Response from WalMart is due at the end of February or early March. However, Saltman said Open Energy has much to keep them busy in the mean time.
The renewable energy sector is about to turn a corner. Commercially available and economically competitive in many locations, renewables will further U.S. national interests by helping end our addiction to oil and begin to address the issue of global warming. The industry is poised for Phase II, putting America’s 30-year, $15 billion investment in research, development, and demonstration of renewable energy technologies to use in the marketplace.
Open Energy is a company intent upon exploring alternative energy sources: An idea whose time has clearly come.
NBC Today Show featured Open Energy Product. If you missed it link here: NBC News Segment Open Energy.
Source: David Saltman, Open Energy Corp. and NBC
OEC CORPORATE HEADQUARTERS
514 Via de la Valle
Suite 200
Solana Beach, CA 92075
Phone: 858 794 8800
Fax: 858 794 8811
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 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 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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