LiquidStockReport.Com: Open Energy (OTC BB: OEGY) Strengthens Position Through Alliance With Suntech Power
Posted on: Wednesday, 16 May 2007, 06:00 CDT
Open Energy Corporation (OTCBB: OEGY) is a renewable energy company, offering solar roofing materials. The company's mission is to enhance life by harnessing the power of the sun. It was announced this week that Open Energy has signed a letter of intent to work with Suntech Power Holdings Co., Ltd. David Saltman, CEO of Open Energy, stated, "This alliance with Suntech is of major strategic importance to our company. Suntech is a high volume manufacturer of quality solar photovoltaic products and in our meetings with its Chairman and CEO, Dr. Zhengrong Shi and Suntech's production and engineering staff, we were convinced that Suntech is the ideal partner to manufacture SolarSave(R) tiles in China thus enabling us to enhance our sales volumes and margins. This agreement secures our product supply at competitive pricing, and positions Open Energy as an innovative developer and aggressive marketer of solar solutions in North America. In addition, with its acquisition of MSK in Japan, Suntech now has considerable expertise in architectural PV glass, a product set that is gaining traction among developers here in the States as well as deep design support for BIPV projects. We are additionally excited to welcome Suntech as a future strategic core shareholder."
For the complete news story, please visit: http://biz.yahoo.com/iw/070515/0252531.html
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Other active stocks are Coca-Cola Co. (NYSE: KO), Amazon.com Inc. (NASDAQ: AMZN) and Hansen Natural Corp. (NASDAQ: HANS).
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