Open Energy and Suntech Pursue BIPV Products

Solana Beach, California & Wuxi, China [] Open Energy Corp. and Suntech Power Holdings Co., Ltd. signed a letter of intent to expand the Building Integrated Photovoltaic (BIPV) products sales of each company. Suntech will provide cost effective and high quality production for Open Energy’s SolarSave PV Tiles. The companies will market each other’s broad portfolio of BIPV products within the North American market. Suntech will also have the right to acquire up to 5% of the outstanding shares of Open Energy as part of this strategic cooperation. The transactions contemplated by the letter of intent are subject to the execution of definitive agreements that planned to be completed by the end of June 2007.


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