The beginning of real solar roofs, redefined.

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OEGY - OPEN ENERGY CORP Trade (https://webxpress.fidelity.com/ftgw/webxpress/DisplayHtmlPage?HTML_FILENAME=enter_trade_frameset .html&WSATTR=evalstock&SECURITY_ID=OEGY) Last Trade: 0.2500 [-] (Delayed Quote) 03/24/2008 03:55pm Change: http://personal.fidelity.com/images/ia_uparrow.gif 0.0000 http://personal.fidelity.com/images/ia_uparrow.gif 0.00% Volume: 0 Today's Market
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Interest In Eagle Solar Roof Powered by Open Energy's SolarSave(R) Integrated Solutions Soars Nationwide 06:00 a.m. 03/25/2008 Provided byhttp://personal.fidelity.com/research/images/logo_bw_small.gifOver 300 Contractors Completed Eagle Roofing Training Program for Solar Roof Installation, Solar Sales and Customer Support Consumers, Builders, Roofers, Electricians Embrace Roofing Solution That Delivers Solar Energy Benefits and Maintains Aesthetics of Tile RoofSOLANA BEACH, Calif., Mar 25, 2008 (BUSINESS WIRE) -- Open Energy Corp. (OEGY (http://eresearch.fidelity.com/eresearch/evaluate/snapshot.jhtml?symbols=OEGY)) today announced that sales of the Eagle Solar Roof are quickly gaining momentum nationwide. The Eagle Solar Roof powered by Open Energy's SolarSave(R) Integrated Solutions provides an environmentally sound and beautiful way for homeowners to save on their electricity costs.A Superior SolutionEmbraced by both homeowners and builders alike for its appearance and performance, the comprehensive solar roof solution is unlike anything previously available in the industry. The SolarSave(R) panels of the Eagle Solar Roof are effectively installed alongside roof tile on the home thereby maintaining the aesthetics and performance of a tile roof while generating clean, safe, quiet energy from the sun. Since the SolarSave(R) panels were designed to perform and be installed as a roofing product rather than a traditional solar panel, their durability is outstanding and warranted for 25 years as a roofing material and 25 years as a solar product. The solar panels also are lightweight, easily handled and can be walked on, enabling roofing contractors and solar integrators to benefit from simplified installation.According to Jay Banister, Eagle's National Green Program Manager, interest in the solar solution has been impressive from the very beginning with sales quickly following. Officially launched in December 2007, the company has already provided the Eagle Solar Roof powered by SolarSave(R) Integrated Solutions for installations on more than 125 homes and buildings. In addition, more than 40 presentations have been made to some of the nation's leading homebuilders interested in creating solar developments in Southern California.Widely AvailableThe Eagle Solar Roof powered by SolarSave(R) Integrated Solutions is now available in the following states.

California Washington
Oregon Idaho
Montana Nevada
Utah Arizona
New Mexico Colorado
Texas Wyoming
Kansas Nebraska
South Dakota North Dakota

The company is working to officially launch the solution in the Northeast, Southeast, Midwest and Hawaii in the coming months.Authorization TrainingThe Eagle Solar Roof powered by SolarSave(R) Integrated Solutions is offered through a strategic relationship between Eagle Roofing Products and Open Energy Corp. a company focused on the development and commercialization of renewable energy products. Offering its customers a powerful combination of solar roofing solution and successful marketing strategy, Eagle and Open Energy have developed a comprehensive training program for interested contractors such as roofers, electricians and solar integrators. The program covers proper installation, solar sales and customer support. To date, more than 300 contractors in the Western states have completed the program authorizing them to sell the products, and 2,000 more contractors are expected to participate in the training course in the coming year. In addition, comprehensive training for builder sales staff is available.The solar panels used in the Eagle Solar Roof are extremely low maintenance, requiring minimal care by homeowners. The resulting installation provides quiet and reliable power generation, reducing pollution and green house gas emissions while delivering safe and secure sustainable energy. The panels used in the Eagle Solar Roof come with a 25-year limited power output warranty and protection against water intrusion. It also comes with 10 years of free Internet-based solar system monitoring for homeowners.For additional information on Eagle Roofing Products, contact Melissa Pellerito, Eagle's marketing communications manager, at 909-355-7000 or visit www.eagleroofing.com .About Open EnergyOpen Energy is a renewable energy company focused on development and commercialization of a portfolio of solar technologies capable of delivering power and related commodities on a global basis. Open Energy offers award-winning, building-integrated photovoltaic (PV) roofing systems for residential, commercial and industrial applications. Marketed under the trade name SolarSave(R), the current product line includes PV tiles, roofing membranes, and custom architectural glass panels, as well as integrated inverters and web-based monitoring systems. The Company's mission is to harness the power of the sun to deliver renewable energy solutions to its customers. For more information on Open Energy, please visit www.openenergycorp.com .About Eagle Roofing ProductsEagle Roofing Products, a division of Burlingame Industries, was founded in 1989 with the goal of manufacturing quality concrete roof tile in modern, automated and high-speed plants. From the beginning, Eagle Roofing Products has prided itself on building strong relationships with customers of all sizes by listening and responding to their requests. Eagle Roofing Products is continually expanding its production capacity and its market coverage in order to offer its superior products nationwide. Having earned AAA rating by the Better Business Bureau, Eagle maintains strong sales and customer service support at the local as well as national level. Eagle is also committed to seeking out trend setting technologies and products that help the environment while helping our customers and their customers. Our green building products and green manufacturing process are a major focus of the company's time and investments. For more information on Eagle Roofing Products, please visit www.eagleroofing.com .Safe Harbor for Forward Looking StatementsExcept 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 it 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.
Open Energy Corporation
Corporate Contact:
David P. Saltman, Chairman
858-794-8800
dsaltman@openenergycorp.com
or
Integrated Corporate Relations
Investor Relations:
John Mills, 310-954-1100
jmills@icrinc.com
or
Media Relations:
James McCusker, 203-682-8200
jmccusker@icrinc.com
or
Eagle Roofing
Corporate Contact:
Melissa Pellerito, 909-355-7000
Copyright Business Wire 2008

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Solar firms absorb installation costs, charge for electricityMarketWatch
1:51 p.m. 04/02/2008 By Steve GelsiMore hopefuls opting to absorb expenses themselves, charge for powerNEW YORK (MarketWatch) -- California developer John DeWalt had yet to build a project with solar panels, until now."Solar's just been too expensive," DeWalt said in a phone interview. "But now the market is getting more attuned to green building and solar is slowly but surely becoming more available. The cost is slowly coming down."DeWalt plans to go solar for the first time in his Pacific Station project -- 47 residential units and about 50,000 square feet of commercial and office space located about two blocks from the beach in Encinitas, Calif., just north of San Diego.Under a new type of financing growing in popularity in the solar business, Open Energy Corp., a Solana Beach, Calif., renewable energy company, will build 30 solar membranes with a capacity of 1.5 million kilowatt hours at no direct cost to DeWalt.Instead, Open Energy will arrange financing of $480,000 to pay for installation of 1.2- kilowatt systems for each of the 47 condominium town homes at Pacific Station in exchange for the right to sell power to residents.When tax incentives and other credits are figured in, DeWalt said, the solar panels will improve property values and trim monthly utility bills with no upfront costs to the homeowner.David Saltman, chief executive of Open Energy (OEGY), said financial firms have been partnering with his company to pay for the solar panels in exchange for a California rebate for 25% of the cost, plus federal investment-tax credits of 30%. The incentives allow for an internal rate of return of 8% to 9% on the money invested and a payback period of about 6 1/2 years, he said.Saltman said the company hopes to continue teaming up in similar partnerships as it eyes the residential and commercial markets for solar and branches out into the business of selling power.Open Energy's program marks the latest in a trend of absorbing costs up front.Sun Run in San Francisco specializes in systems for individual homes. On the East Coast, Beltsville, Md.-based SunEdison focuses on larger commercial projects.Tom Rainwater, SunEdison's CEO, said in an exchange of emails that the company led the industry with its solar power services agreements, first launched in 2004 with a store run by Whole Foods Markets (WFMI) in Edgewater, N.J."We formed SunEdison on the premise of simplifying solar by offering a financial vehicle to implement solar energy on a broad scale for commercial, government and utility customers," Rainwater said. "When we see companies like Open Energy using our model, in this case for mixed-use residential, it reinforces the power and scalability of the model for making solar photovoltaics part of the total distributed energy mix."Elsewhere in the solar industry, a pair of California-based utilities have been playing up their investments: