Open Energy Signs Multicrystalline Solar Cell Supply Agreement With Motech Solar
Taiwanese Company Will Deliver PV Cells for SolarSave(R) Membranes
SOLANA BEACH, CA, May 09, 2007
Open Energy.com /press release via MARKET WIRE via COMTEX News Network)
http://www.marketwire.com/mw/frame_multimedia?prid=250266&attachid=486494
Open Energy Corp. (OTCBB: OEGY) today announced that it has signed an open purchasing agreement with Motech Solar, the world’s seventh largest producer of solar photovoltaics, to supply 6″ multi-crystalline cells. David Saltman, CEO of Open Energy, stated, “Our trip to Asia last week was focused on securing solid raw material supply, and exploring outsourced manufacturing opportunities for our membrane, tile, and glass products. Dr. Simon Tsuo and his talented technical team have built a world-class operation, with highly automated production lines, impressive quality control programs, and secure silicon supply agreements. We are thrilled to have them as a strategic supplier of PV cells.”
Dr. Simon Tsuo, CEO of Motech, explained, “With the expansion of our second manufacturing facility in the Tainan Science-Based Industrial Park, we have increased our production capacity to 240 megawatts per year. We are confident that the US market for photoelectric products will grow quickly in the next several years, and believe Open Energy’s building integrated products will have great market appeal. Our high performance poly-crystalline cells are well suited for the SolarSave(R) Membrane product and we look forward to a long and mutually beneficial relationship with their company.”
About Open Energy
Open Energy Corporation (OTCBB: OEGY) is a renewable energy company focused on the development and commercialization of a portfolio of technologies capable of delivering low-risk, cost-competitive electricity, fresh water and related commodities on a global basis. Open Energy offers building-integrated photovoltaic (PV) roofing materials for commercial, industrial, and residential markets. Marketed under the trade name SolarSave(R), the product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment such as inverters and combiners, and SolarEye(TM) system monitoring equipment. The company’s mission is to enhance life by harnessing the power of the sun. For more information on Open Energy Corporation, visit www.openenergycorp.com.
About Motech Solar
Motech Solar is a division of Motech Industries. The company specializes in the research and development, manufacturing, marketing and sales of mono and multi-crystalline silicon solar cells. Motech began operations as the first solar cell manufacturer in Taiwan in 2000, and has doubled its production capacity every year. The Company employs over 800 people, producing ingots, wafers, and cells on highly automated manufacturing lines. The company also manufactures inverters and charge controllers for the PV industry.