Message #22 From:
NewsBot Date: January 8, 2007 07:00:00 AM
OEGY News Open Energy Corporation Completes Strategic Planning Process
SOLANA BEACH, Calif.--(BUSINESS WIRE)--Open Energy Corporation (OTCBB:OEGY), a renewable energy company focused
on the development of solar technologies that produce renewable energy,
fresh water and related resources, today announced that they have
completed a professional strategic planning process and are deploying
senior personnel in order to more effectively achieve the Company’s
business objectives.
David Saltman, President and CEO of Open Energy Corporation, stated: “Many
young companies, particularly those who have grown through mergers and
acquisitions, do not take the time to focus and align their teams. We
have recently completed this empowering process and have structured our
organization to take advantage of the talented individuals we have been
fortunate to attract.”
Saltman continued, “Tom Wolfe, founder of
WaterEye, is now Senior Vice President of Engineering and Development
for our company. He has designed and built membrane filtration,
evaporation, crystallization and thermal systems around the world, and
has the skills and expertise to head the commercialization of our
Suncone CSP water purification technology.”
Mr. Wolfe was formerly Director of R&D for Resources Conservation
Company, now a division of GE Water. He is the patent holder of WaterEye’s
remote monitoring software, which is currently being adapted to monitor
Open Energy’s photovoltaic installations. He
holds an engineering degree from the University of California at San
Diego.
Open Energy also announced the hiring of David Field as Senior Vice
President of Business Development. Previously, Mr. Field was founder and
CEO of Clarus Energy Partners, a leading developer and operator of
distributed generation power systems, which was recently acquired by
Hunt Power. He was also co-founder of Omaha-based Kiewit Bio-Fuels. In
addition to his experience in renewable energy, Mr. Field has an
extensive background in water infrastructure development with companies
that include Bechtel and Poseidon Resources, and in corporate finance
with Citicorp. Mr. Field holds a MBA in International Management from
Thunderbird University.
The Company also announced that Jeff Stein has been promoted to Vice
President of Finance from his former position of Financial Reporting
Manager. Mr. Stein has 25 years of corporate accounting and management
experience in accounting, systems development, public reporting, and
Sarbanes-Oxley compliance, including audit experience with
PriceWaterhouse. He is a licensed Certified Public Accountant and holds
a Masters of Business Administration from the London School of Economics
in International Finance. Cheryl Bostater, CFO of Open Energy, stated, “In
his newly expanded role, Jeff will be drafting our 10Q’s
and 10K’s, heading our annual budget process,
and implementing 404 policies and procedures in preparation for a
potential future listing on the NASDAQ or American Exchange.”
Open Energy Corp. focuses on the development and commercialization of
renewable energy products and technologies for a wide range of
applications including solar energy, power production, and water
desalination. The Company pursues these objectives through acquisitions,
strategic partnerships, technology transfer opportunities, and other
business strategies. The Company’s mission is
to harness the power of sun to meet the growing resource demands of
sustainable 21st Century development.
Safe Harbor for Forward-Looking Statements:
Except 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, the ability to acquire and develop specific projects, the
ability to fund operations and changes in consumer and business
consumption habits and other factors over which Open Energy Corporation
has little or no control.
