Open Energy Corp. (OTCBB: OEGY)
OEGY Stock Guru Profile
Electric Power System
As of August 31, 2006, Open Energy’s backlog orders were approximately $4.5 million of which a majority is expected to be filled during the fiscal year ending May 31, 2007. A majority of the backlog is related to SolarSave(R) Membrane product. In addition, the backlog includes a $1.3 million contract for supplying solar architectural glass for the California Academy of Sciences Museum in Golden Gate Park, San Francisco, California.
During the first quarter Open Energy announced multiple SolarSave(R) PV Tile installations and their first PV Membrane installation for KTS Machine Shop. This followed directly after we achieved our UL Approval and Class A fire rating, which opened the floodgate of pending SolarSave(R) Membrane projects. At the same time, their engineering team filed patents on the next generation of building integrated PV products and made enormous headway with the Suncone(TM) CSP concentrating solar power system. Open Energy intends to have the first commercial system up and running in early calendar 2007.
Source: Open Energy Corp. and Market News Publishing
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.
Forward Loooking Statement: A number of statements contained in this report are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors not set forth herein. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
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