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Open Energy Corporation Unveils Innovative EcoTouch Energy Management System

Posted on: Thursday, 16 October 2008, 09:00 CDT

Open Energy Corporation (OTCBB:OEGY), a developer of innovative and elegant BIPV products, energy management applications and clean solar energy solutions, today unveiled an innovative new home energy control panel, the EcoTouch Energy Management System. The new product is on display at the 2008 Solar Power International Conference in San Diego, California. The EcoTouch System is designed to help homeowners save and control energy by lowering electricity costs from the comfort of their homes.

The EcoTouch System was developed by Advanced Telemetry, a technology innovator with a focus on resource conservation. Open Energy is partnering with Advanced Telemetry to develop and market the EcoTouch System.

Control is Power Savings with the Open Energy EcoTouch System

The EcoTouch Energy Management System includes a touchscreen information display and action tool that captures and displays home energy use and solar power system production. With the EcoTouch System, homeowners gain an in-depth understanding of their energy use and can take steps to control different household devices in order to conserve energy and save money.

The rich stream of data from the EcoTouch System empowers homeowners to make better decisions about their energy production and consumption. The system is connected to a homeowner's solar installation and provides real-time detailed information including the number of kilowatt hours (kWh) produced by the system on a daily, weekly, monthly and yearly basis.

Because many homeowners not only want to save on energy costs but help meet environmental goals, the EcoTouch system calculates the positive environmental impact and displays a variety of important metrics such as carbon emissions, number of trees saved and the equivalent auto miles avoided.

Since production is only half of what a homeowner needs to know to understand their energy costs, the EcoTouch System takes monitoring one step further by tracking the total energy demand for a home and the net energy usage. The home energy use is calculated by monitoring the lighting systems and appliances, among other devices. It is also calculated in kWh and displayed graphically on a daily, weekly, monthly and yearly basis.

The Ultimate Remote Control for the Home

"The EcoTouch System is the ultimate remote control that allows homeowners to view and control their real-time energy consumption costs and take control over many different home systems and devices," said David Field, president of Open Energy. "The EcoTouch System can help homeowners set and meet energy reduction goals to save money and help them reduce their environmental footprint."

"For our homebuilder and roofing partners, this product is a great way to create value by offering unique features that will make a residential development stand out above and beyond the competition," he added.

In addition to controlling energy resources and electricity uses, the EcoTouch System gives homeowners a centralized, simple mechanism to control a wide-variety of home systems from any Internet connection. This allows for remote control of a wide variety of devices and systems. With the EcoTouch System, homeowners can control and access their home security systems and A/V systems. To ensure an ideal home temperature while saving on heating costs, the EcoTouch System allows homeowners to turn on their heating system just before arriving at home.

For ease-of-use and maximum convenience, the EcoTouch System has a customizable user interface and several different graphic options. Homeowners can customize the EcoTouch panel in a way that is most comfortable for them. In addition, the system provides homeowners with the current weather and access to information about local services and news from neighborhood businesses. For added assurance, the EcoTouch System gives homeowners an emergency button which can help connect them to the Poison Center, 911, Animal Control and other services.

Competitive Advantage, Easy to Install for Photovoltaic Integrators, Roofers and Homebuilders

Because the EcoTouch System provides high value to homeowners through cost savings and added convenience, it is an ideal product for photovoltaic integrators, roofers and homebuilders to add to their services.

EcoTouch will be distributed by Open Energy's partner, Eagle Roofing Products, a leading manufacturer of roof tiles. Through Eagle's Solar Roof program, the Open Energy PV tile has already been installed on more than 285 solar roof systems on tract, retrofit, custom, multifamily, and commercial projects throughout North America. Since the program began in January 2008, Eagle Roofing Products has formally trained more than 750 contractors and more than 150 electrical contractors on how to market and install solar systems. To facilitate roofing contractors entering the solar installation business, Eagle's 70 solar sales professionals provide full permit packages to allow them to secure solar permits quickly and easily as well as providing net pricing to contractors by financing available rebates and handling the rebate process for them.

About Open Energy

Open Energy Corporation is a Next-Generation Solar Energy company that develops clean energy solutions, innovative solar products and energy management applications. Open Energy's award-winning products include proprietary, cost-competitive and attractive BIPV solar tiles, membranes and asphalt/composition products. In addition, the EcoTouch Energy Management System gives consumers control over their energy usage while saving money. Open Energy's portfolio of products and services are coupled with innovative financing to enable green Solar Communities that provide low-cost power with no upfront cost to the consumer. Open Energy is headquartered in Solana Beach, California. For more information, visit http://www.openenergycorp.com.

About Advanced Telemetry

Advanced Telemetry, LLC is a provider of industrial, corporate, and consumer technology for resource conservation through the presentation of convenient and visually illustrative environmental information, enabling changes that collectively result in the preservation of resources and reduced energy costs.

Advanced Telemetry is headquartered at 1100 Larkspur Landing Circle, Suite 101, Larkspur, California 94939-1721 and has a development facility in San Diego, California. For more information, please visit www.advancedtelemetry.com or call (415) 464-4872.

About Eagle Roofing Products

Eagle 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 Statements

Except for statements of historical fact, the information presented in this filing constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, achievements or financial condition of the Company to be materially different from any future results, performance, achievements or financial condition expressed or implied by such forward-looking statements. These statements are based on the Company's current expectations, estimates and projections. Words such as "expects,""anticipates,""intends,""plans,""believes,""seeks,""estimates,""may,""would," or "will" or variations of such words and similar expressions may identify such forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements are not guarantees of future performance. Factors which may impact them include, but are not limited to, general economic and business conditions, customer demand for the Company's products, the Company's ability to scale up manufacturing to meet demand, the Company's ability to execute on its business plan, the downturn in the real estate market in the United States, the Company's need for additional financing and its ability to continue as a going concern, the Company's ability to commercialize its Solar Communities initiative and new products under development or recently introduced and other factors over which the Company has little or no control. All such statements are therefore qualified in their entirety by reference to the factors specifically addressed in the sections entitled "Risk Factors" in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. New risks can arise and it is not possible for management to predict all such risks, nor can management assess the impact of all such risks to the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. All forward-looking statements speak only as of the date thereof. The Company undertakes no obligation to revise or update publicly any forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof, other than as required by law.

Source: Business Wire

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